I see I did not answer your question. Hypothetically, if the 516 put managed to run back up above its open then, yes, the whatever LOD would be the stop when it crossed (now 11 cents). That is truly the worst case scenario (and has happened). However, even if it sold off again it might not go that low by the sell on the close, and, if were to take a run up like that it would not be out of the question to adjust the strike for the price change. But as far as recording the strategy results, the 516 is it no matter what.