The Ultra Short Oil & Gas Proshare (DUG) is up over 36 just below the 200 day Simple Moving Average. I was out for the last two hours and came back to see it went right through the $35.30 level. If you were targeting that price to sell the $40 strike for August then it is still ok. If you missed that sell the 44 strike for about $0.90 per contract. At some point we need to roll up the 26 puts to be more in line with the new range of DUG. Probably sell the 29s.