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Bought back the call spread for .25 the original cost was .34 which gave me 26% of max profit. There was not a lot of time decay left and it was not providing much of a delta hedge. It is possible to add another call spread if the circumstance are correct.
Bought back the call spread for .12 the original cost was .32 which gave me 37% of max profit. There was not a lot of time decay left and it was not providing much of a delta hedge. It is possible to add another call spread if the circumstance are correct.
The two adjustment trades above are tests for me. I had noticed Igor doing this and it seemed like a very smart strategy. I am working on doing it properly when the opportunity arises.
I closed out the entire trade which on 6/5/2015. I put it on 5/19/2015. Ultimately it was 34% of max profit. So it worked.