If you are that exposed, at ten to twenty cents, you will sleep easier. If you can take a 50% loss - AND STILL SLEEP AT NIGHT, save the cash.
Put Options Expire at close Friday, February 15, 2013
Strike Symbol Last Chg Bid Ask Vol Open Int
40.00 IDCC130216P00040000 0.10 0.00 N/A 0.10 30 266
42.50 IDCC130216P00042500 0.15 0.05 0.15 0.20 32 782
My position, I used to be all in. However, I have seen too many other opportunities go by. Today, I have a proportional position. Which means: if I lose it all, I'll be pissed, but can still afford to retire; and if I win, I will not be pissed, and can afford to retire in a Ogunquit shore house.
BB 
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