Right now the Long Dec 31 2019 292 Put @ $1.69 cost basis traded as high as $1.71 yesterday and ended today at $.98. 

It is a race against time as time value will erode faster as we head into expiration on Dec 31.   Confident in our positioning to the downside, our biggest concern is time value – one of the reasons futures will be used next. 

We expect to profit handsomely as a percentage, but will take any opportunity to close at cost and immediately enter a similar trade with more time value.