We hold four Apr 20 31-32 call spreads for 0.25 that will expire on Friday. Although we had a chance to get out for ‘even’ after they nearly died, what fun would that have been?  Instead, we’ve stuck with the position for a couple of weeks through thick and thin — mostly the latter — and now find that we have a horse in the race as it comes down to the wire.  The spread closed @ 0.35 on Friday, and I am still suggesting that you offer half of the position to close for 0.50, saving the remaining two spreads for an expiration-day play. Keep in mind that the spread cannot trade for more than 1.00, which would represent a quadrupling of our initial stake, and that you should not hesitate to exit for 0.8o or more unless the stock pops, big-time, above 32.50. However, you can uncap the upside by simply covering the short 32 calls at any time. If you can do this for no more than 0.05.-0.10, especially with SIL trading above 31 before Wednesday afternoon, you shouldn’t hesitate. _______ UPDATE (April 18, 10:42 a.m. EDT):  Finally, SIL popped, trading as high today as 32.05 so far.  The spread was an easy sale for 0.55 and could have fetched as much as 0.80, implying that any subscriber who did the trade would have at least doubled, or possibly tripled, his or her money.  If you covered the short 32 call for a nickel earlier in the week as I’d suggested and as was easily possible, the remaining position — naked long 31 calls — is worth about 1.00 at the moment, implying a near quadrupling of your initial bet.  If you still hold any calls, I’d suggest saving a couple of them till Friday, since today’s rally could put the squeeze on shorts.________ UPDATE (April 19, 7:08 p.m.):  Subscribers who followed my guidance to-the-letter should have come away with a profit of around $280. However, if you saved some calls for expiration day, plan on banging them out toward the end of the session, since that’s when bears will be feeling most panicky if SIL turns strong.