### Comment:
If you can do spreads, you can create a butterfly spread to capture about 90% of the remaining credit on your contract. To do it, you would sell 26x $53 puts and buy $13x $52 puts.  
  
 On the other hand, if you got $1300 you could also sell the $55 put and get even more credit.

### REPLY:
How did you come up with the $1300 for the $55 put hedge?

### END.