Below is the scenario, if this is your position what will be your play at that exact moment in time and why. I am interested in analysis on the option (covered put) only, not fundamental discussions. 1) 2 days till expiration 2) 1.2k unrealized profit on the table 3) greeks (all values in usd): My take: Do nothing until expiration day and play the theta decay. Reason: It will take a good 15-20 pt move on the upside to match the theta decay. Or a 4-5 pt move on vol, or a combination of both. The probability of it overtaking theta decay at that moment in time is very low, therefore the position should be left alone. Is this the right analysis, what's your take?