How many, because if Spy Gaps up above 310.86, you should be BUYING 312 6/29 puts with Reckless Abandon and HOLDING out for Either 314.91 or 297.02!!!!!!!!!!!!!!!!!!!!!!!!
Those Calls will then become Insurance(Pawns and/or expendable), but they will allow you to buy 312 6/29 puts with ZERO concern for loss!??