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New Mexico | heck, a floor IS a floor.
If a decent downtick, perhaps cash em at a profit....then go out a couple months farther...say June and restablish another floor, with "house " money.
Seems to me like you've basically hedged your deal....at $4.00 net deliverable March should you care to go that route. ( don't know what your basis is ).
I actually think you have a very high ( 83% ) chance of making a net dime to 15 on these positions within the next 3 weeks.
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puts on
