### Comment:
If it hits $70 he has to buy 100 shares. So 7k for each put and he has 15 of them if I am reading it right so 105k. 
  
 He has gained $585 so far and if they expire worthless he will be at another 570. So a total of $1,155.  
  
 If it dips below 70 he can sell calls against the shares until it goes back above 70 and he has to give up the shares.

### REPLY:
wtf he is risking 105k for $1155???

### END.