Personally, I would not take a loss because of the bid/ask spread on the P's to get into the J's. It usually runs about a $2 spread as I recall. If you can trade out of your P's at the bid even or with a profit then I would get some of the trusts here.
You already have J's and the trusts might help hedge your bet...
On the other hand, the J's will afford more leverage if you feel more agressive on the Lehman outcome. All just my opinion. Make your own decision and do your own research.
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