Close the AT&T Option trade

On March 30th we put on a 2-legged trade on AT&T where we bought the June $40 calls for .60 cents and sold 2x the number of June $36 Puts for a .25 cent credit. The trade cost a net of .10 cents. We are selling the June $40 calls today for .10 cents since the stock hasn't stayed close to $40 and we have less than 1 month until expiration.

We will hold the short Puts and let them expire as long as the stock stays above $36. This should net us a flat trade when all is done.