Exit the October 620-Sep 620 put spread for 8.40 or better.  That’s what we paid for it, and it has retained its value despite the stock’s rise for three reasons: 1) our entry price was rock-bottom; 2) the September 620 puts we are short came under heavy selling pressure toward week’s end because the August 620 puts were due to expire; and 3) our October 620 puts have picked up volatility as puts often do when a stock rises.  We can try to reshort the stock again at 659.89, which appears to be where this latest short-squeeze rampage (on earnings guidance, no less!) is headed. _______ UPDATE (11:05 a.m. EDT):  DaDirtballs have short-squeezed the stock to a so-far high this morning of 659.50.  Let’s try to put on a bear spread, buying the December 620-October 620 put spread eight times for 14.30 or less.  If you fill, please let me know in the chat room so that I can establish a tracking position for your further guidance. The best way in is to leg it on by buying the December puts at the ‘D’ target or p midpoint of a minor rally pattern. The next such opportunity would be at 666.10, but don’t wait if a timely opportunity should occur before then. (Note:  Even at the  height of today’s hysterical short-squeeze, with the stock up $22 from where we initiated the December 620-October 620 put spread, the spread is still an easy sale for $8.)  Click here for a free trial subscription that will allow you to be notified of trades intraday in real time.