With $80 per share setting in as the likely new resistance level an ITM Bear Put will work similar to a credit spread. The trade will consist of an Apr11 $85 strike long put and an Apr11 $80 strike short put. The net cost of the trade is $4.35 with a $5.00 spread. This means that if the stock price stays below $80 per share, stock will be put to me at $80 and I will have the right to sell at $85 for a $5.00/share net gain. Subtracting the net debit of the trade ($4.35) I will see a profit of $0.65/share. On a $4.35 debit that is a 15% ROI. The sooner the stock is put to me the better. 
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I'm going to set a limit order to close this trade now. I could make $0.65/share in the best case scenario. Right now I could easily get out of the trade with close to half that. While $0.30/share does not seem like a lot, it is almost a 7% ROI in only two days. Anytime I can get out of a trade in only two or three days with 6 or 7% I'm taking the money. My limit order is going to be a limit credit order for $4.70.
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