IWM choices

Q:
I entered 3 Mar IWM 78 puts today at a cost of 2.85 per option. I have a stop at 2.45 which correlates with a new high for IWM based on OX
option pricer. I have contemplated selling OTM puts (either Dec or Mar - maybe 74s) on IWM and making a spread out of the trade. What action would be recommended on this trade? Leave it and move the stop down if gains are made or convert to a spread trade?



Here is the risk profile if selling 3 dec quarterly 74p for merely .30 each.
Click on image to enlarge.










Risk profile if turning it into march vertical spreads by selling Mar 74puts. The problem with this long dated vertical spread is the delta implications.

See my video on ANF vertical spread answered for explaination.

All risk graphs created with thinkorswim.