Hi, Juiceman,
I haven't bought any calls as protection, but I do have a mental stop, and I would not put it into the market until I hear some rising numbers. I am not expecting rising numbers, but I am very alert to the going's on from moment to moment, and quick to phone in a stop. I'm thinking, somewhere above 133 is not a place I would like to hear it quoted. And today looks a little better than Friday did.
And... let's get ready to tumble, too! The OJ, that is.