Unless there is a pullback into the $40’s today, I’m going to need to roll a couple of positions.  With the big up and down moves this thing has been making, I’m not liking that there aren’t near term higher strike prices available.  So my plan is to split the roll, I’ll roll 1/2 of the calls up and out, and reverse roll the other half of the calls into puts.  They can’t both be losers and over the next month or so, should help me slowly reduce total exposure.