Yesterday’s price action looked like sleazy, skillful distribution, so let’s try to adjust our position if the stock makes further progress toward a minor, 37.96 target. We hold 300 shares against three June 40-May 38 puts spreads legged on for a 0.50 credit. For today only, cover the short May 38 puts if they trade down to 1.20. I may update this recommendation intraday, so be sure to check in if the stock is on-the-move.