Close the DDD Options

Three days ago we issued an alert to close the short Feb 2014 $65 strike Calls on 3D Systems at $9.00, for a loss of (181%).  This was an intentional loss since we had a long Call at the same expiration $55 strike, which are now priced at $16.00.  We bought these at $6.70.  We are also short $46 strike Puts in the same month which we sold for $3.70, and they are now worth .75 cents.  

Remember that this trade paid us a net credit when we put it on.

We are closing all of these positions today to protect our gains.  The trade looks like this below:

At the end of this trade which paid us .20 cents, we made $6.45.  The cumulative return of each position was 37%.