We made money as March 130/110 strangle expanded from $4.40 to $5.00. Then we sold March $115 straddle: Here is the link: http://fahadstockworld.blogspot.com/2010/02/housekeeping-fslr.html
Now, the stock has collapsed as expected trading at $100 and we have made the most amount of money we could have on both trades. Instead of tying up cash any longer, I am closing the entire position. The net result is 52% profit since Feb 18.
Booyah!