The distributive, opening-bar feints are growing hell of tiresome, besides making it more difficult to cover the May 38 puts we shorted against June 40 puts we are long. SLW is working on a minor, 38.620 rally target that would become an odds-on bet if its sibling midpoint at 37.510 gets roughed up. Unfortunately, downside risk is $2+ if the stock catches another air pocket.  All things considered, I’ll recommend bidding 1.05 to cover the three May puts, day order.