It is indeed. Sadly I had my eyes off the ball on the October SPY Put spreads I have. I was thinking that expiry on the puts was not until next Friday. Oops!! I could have exited last Friday at breakeven especially if I left the sold put in place. Not to be. I might get lucky if we get another down day to extract some value before end of day Friday. BUT that is what hedging trades are for - to hedge positions and not to crate winners.