These types of chance occur rarely. 2008 and 2011 is not same. Then Please post strategies of 2011 like this. How many times these types of strategy occur in a year , pls post with pics , tc
So what ? Try to find a way, how to bring in the missing money you may not get when selling the 117 call. As easy as that.
As you are an option pro, so why having a problem with that ? You must try on your matrix as I have to try on my matrix. Try to sell a spread to get in the left money or leg in in a different way or leg in with two options or start with an other option strategy and convert it then again in to a BWB or start only with a future, convert it to a synthetic, convert it to a back spread and so on. Many ways you can trade. Just sit down and work it out on your matrix. That is really not my work.
DanPickUp