### Comment:
Except this guy made money. Has a short and long position. If he exercised his long position today ($GE down 0.12) to cover his short assignment the difference would be $0.09 x 30 contracts = $270. The $0.03 comes from the difference in premium of his spread. Unless, of course, I'm missing something.

### REPLY:
he entered the trade for a $90 debit.  if he exercises his long puts he will sell back the shares for the same price he was assigned them, so no money to be made there.  net is a $90 loss.

### END.