We were unable to roll our calendar spread because the August 10 calls we’d needed to short for 0.35 traded no higher than 0.22. Since we covered the short July 10 calls for 0.05, we now hold four September 10 calls effectively for a CREDIT of 0.55 apiece. That means the worst we can do, no matter where the stock is trading at expiration in September, is make $220 on our position.  Let’s continue trying to build more edge into it by offering four August 10 calls short for 0.35, good-till-canceled.  _______ UPDATE (July 23):  With SLW trading as high today as 9.47, our order to short four August 10 calls for 0.35 filled easily.  That means we now hold the September 10-August 10 calendar spead effectively for a 0.90 CREDIT, plus its current value (around 0.25 at the moment).  Do nothing further for now.