yes,...still working with that downward move from last weeks verdict.
i did quite well with the Aug $30 puts so based on the future possibility of MRK and Vioxx and the upcoming trials in Sept. and the federal cases in November,...the volitality is worth the hedge.
i'm going to watch it and might take a deeper position, as in a spread as you have suggested.
appreciate your assistance.
invest at your own risk, based on your own due diligence, at your own risk tolerance