Fills.

The one bad part about trading credit spreads is trying to take them off. If it's a profitable position, then the options you're trying to buy back are quite far OTM. That means the bid/ask on your position is also quite wide. With a super wide bid/ask spread, it's tough to get a good fill. Real tough.

I'm trying to take off the XOP position right now. The mark is 0.39 but the bid is 0.11 and the ask 0.67. I put in a limit order to buy @ 0.43, kept it for twenty minutes. The I changed it to 0.44, a whole 0.05 above the mark. That's still sitting, and it's been 10 minutes.

Slippage is a real and dangerous risk that a lot of people don't talk about.

There's a bit less than two hours until the close. Let's try and get this thing off!