ADJUST: NMX Dbl Calendar

From 5/29/08 I began with the June 90 & 95 put calendars. My total cost basis was $3.05.

I did not get stopped out yet on this trade so I am adjusting it as it has come down and tested the 80. I sold the 95 put calendar and bought an 80 put calendar as follows to give me some downward protection and make the trade delta neutral again.

SOLD -64 CALENDAR NMX 100 JUL 08/JUN 08 95 PUT @ $0.70 credit
BOT +71 CALENDAR NMX 100 JUL 08/JUN 08 80 PUT @ $1.78 debit

3.05-0.70+1.78= New cost basis= $4.13