We hold two March 44 puts for 0.75.  Cancel the order to short March 39 puts against them, and take partial profits by selling one of the puts market-on-open.  Tie the other to a stop-loss at  45.73. _______ UPDATE (10:44 a.m.):  The 1.27 we received for the put on the opening has effectively reduced the costs basis of the put that we still hold to 0.23.  Now, offer a March 39 put short against it for 0.63, good till canceled.