I'm selling the May 10 puts naked (mildly bullish). The implieds are too high with 7 days left prior to expiration. Even if the trial starts next week, we won't see any verdict by next Friday. Of course, overall market volatility could catch MBI in a downdraft, but with the juicy premiums over the short term, it's arisk I'm willing to take. The only Company specific news that could come by next week would be a settlement (unlikely) and that would make the stock shoot up.