Close KORS Calls for a gain

We've seen some volatility in Michael Kors over the past few weeks, and we are closing the calls to lock in small gains.  

Today we are selling the Feb $82.50 Calls for $4.70, which we purchased in 11/20/13 for $4.50, for a gain of 4.4%.

We are still holding the $70 Puts that we are short, which are up 60% since entering the position on 11/20/13.