Apple did not hold the midband, as I had expected and has broke under it.
But, it is now oversold and as such, I am going to suggest to close the short side of the debit spread.
Here is how to to that:
Buy to Close December 4th - $122.00 Call for $.25
The net credit will be $1.08 per option. If you traded the suggested 6 lot, the total gain will be $648.
The cost of the spread was $960, which means by covering the short $122 call, you have recouped 68% of the cost of the total spread.
Keep the long $118 calls in place and if we get the bounce I will close those calls.