We've got a pretty large contraction today, and I want to take full advantage. I have not hit my profit target in FXI but the share price is directly in the middle of my I still have a nice profit, and I don't really need this risk. Since the product is so small, the width is pretty narrow and the premium is lower than I'd prefer. This would make defense more difficult if disaster strikes. I have plenty of other positions in play so there's no reason to keep this on if I don't have to. I'd prefer to remove this risk, take my profits, and free up the capital for future volatility.