Let’s try to cover our three put spreads for a debit of no more than 16 cents per, since this backspread position can only hurt us if the Dow plummets next week. In fact, we wouldn’t start to make money on it unless the Dow were to fall more than 900 points.  At yesterday’s closing prices the spread could easily have been bought back for a 0.13 debit by selling two August 98 puts @ 0.06 and buying one August 102 put for 0.25. Also, for good measure, bid 1.00 for four September 101 puts, day order.