I adjusted my position down today by buying back the Jan '08 195 for $2.59 debit and selling the Jan '08 180 for $6.99 credit.
I see on the chart that the stock dropped below the 30 & 50 day moving average, however looking at the past times this happened (Aug & Nov), the stock pulled back up within a week.
Max Profit:
This gives me a net credit of $4.40 (=$1,302.30 w/ commissions).
Max Loss:
This brings my cost basis down from $57.00 to $52.60.
Therefore my new stop loss was set to $42.08 (credit of $13,542.30 w/ commissions)
