We have to watch two positions right now. There are the USB June 32.5 Puts and the COH June 37.5 Calls. As I said in last night's Market Wrap, we probably won't cover the DUG puts until they are priced at $0.10 or lower. BHP has broken it's sharp uptrend line and poses some short term risk to about the $83 area. That would provide some heat on our June 80 Put but the 95 Call will help hedge that. If we get a nice move in the Russell, we can sell the out of the money (OTM) calls. Otherwise I am happy with our portfolio so have a great day!