Even though the market has been falling we have been maintaining our position at the strike of the long put option at $205 and we have been collecting premium income every month so far. At this point we have collected $4.25/share of premium income plus this one of $1.30. We won't count it until the contract expires worthless or we close it out at a profit. We have $18/share at risk so we need to collect at least another $13.75.