The untested side

A condor has collected 1.50 in total, with 5-point wings. You roll the untested spread and add 0.50 of net credit. What is the new maximum loss per contract?

• $350, unchanged, because the wings did not change
• $300, because the total credit is now 2.00
• $400, because the rolled spread sits closer to the price

You want to roll the untested put spread. Which way of doing it keeps the risk defined the whole time?

• Buy back the short put first, then decide later about the long put
• Sell the long put first to raise cash, then buy back the short put
• Close the old put spread and open the new one as spread orders, each leg paired