I tried to tell those thinking that SLB was such a "value-stock" that the market (as a whole) was moving down (melt-down) and going to take SLB with it. I covered my puts yesterday at lessor gains, and bought CVX puts this am with the money. Not enough cash left to roll-over into SLB DEC12 PUTs.
Well, good luck on the move up in SLB. Mel's had to grab his ankles, with his $68s are now underwater.