On yesterday’s closing marks, our option position was showing a theoretical profit of $1,180, but there is another $1070 of potential gains over the next two days if the stock finishes the week at 115.  The profit would even higher — around $2,680 — with GS at $120.  You can exit between now and Friday, but officially, and unless stated otherwise in an intraday bulletin, we’ll close out the position just before the April calls expire.  There is no reason to try and squeeze the last dime of profit from this trade, since it will be a certain winner over a very wide range of prices; however, you should keep in mind that a haphazard exit could cost you $300 or more of otherwise easy gains.  A well-managed exit implies closing out both sides of each calendar spread more or less simultaneously and on prices that lie about midway between  the spread bid and offer. Thus, if you are offering the July 120 calls on the high side of the bid/asked spread, when the order is filled you should cover the short side by buying two April 120 calls on the offer.  Here is the position we hold and which was built over time:  long two July 115-April 115 call spreads @ 6.00; long two July 120-April 120 call spreads @ 9.80; long four April 130-135 call spreads @ 1.03; and short an extra April 115 call for 1.40.  That last price incorporates a loss we took on some April 85-90 put spreads.