We hold eight Dec 12.5-15.0 call spreads for an average CREDIT of 0.15.  Let’s try to arrange things so that we can come out with a covered write on 800 shares when the December series expires.  It will require covering the short December 15 calls and shorting an equal number of January 17 calls at the same time.  I’ll recommend doing so for a debit of 0.55, provided the stock is trading 16.20 or higher.  This is a day order, but we’ll rethink it and try again later if it is too hard to fill. (Note: It will become harder the higher SLW goes, but you should work the order only if SLW is above 16.19.)