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[Lord DarkHelmet]

At least on close on Friday, you are still $0.15 OTM on the options.

How much will it erode into Monday? Good question. It depends on if the MM's brought down the volatility on you over the weekend to avoid those selling the options not take advantage of over-the weekend theta.

Technically, it will erode by the theta per day, including weekend days. However, it is common for the MM's to drop the volatility before the weekend.

I guess we will see where it is at on Monday. If you have any profit Monday morning I would sell and get out. If it is down, I would get out then as well.

This is just a low probability trade.