I didn't post the price at which the loss would be equal to the premium received because those stock prices are dynamic. The easiest way to use that stop parameter is to set a stop limit at twice the premium received plus a minimum tick. For example, we received $1.55 on the DUG Short Put so the stop price would be $3.20. Adding the tick gives a little wriggle room. The reason to use the price of the stock is so you can set up a conditional order to buy the option to close at the mid price or some other criteria. I'll send the current positions in about 15 minutes. Have a great day!