text_combined: schedule c reserves trouble valueing transmission literally forever finally released spread option model last night value transmission spit huge values money transmission valued daily option example transmission big eddy northwest nob spit value 28 million extrinsic given state affairs california right find highly unlikely take power northwest deliver capped market last night recognized 16 million transmission value almost intrinsic value associated closing open positions reserved 36 million associated extrinsic value revalue options week make appropriate adjustments reserves let know questions concerns