We’re long a single March 57 put for a 0.12 credit, having missed a golden opportunity to exit it for 3.25 the other day.  No matter.  I’ll suggest selling it on the opening and simultaneously buying four April 53 puts (which closed yesterday @ 1.03).  _______ UPDATE (11:52 a.m. EDT):  We sold the March 57 put @ 2.02 and bought four April 53 puts @ 0.84.  Imputing the 1.90 paper profit on the sale to the price of the Aprils gives us a cost basis of 0.37 for them.  Do nothing further for now.