The only thing I would lose is opportunity to make more on my short position. The puts are covered by short shares. I must admit that I was a little nervous last week. I had sold the Aug 03 125 weekly puts and when thecstock got to 121 I planned to roll them to this week's 125s. Stock rallied to 128 and the options expired. Same story this week except I sold the Aug 10 130 weekly puts at 3.70 and I think they'll expire tomorrow. I think the stock is overbought so I won't do anything until after earnings.