GILD/Scott – It could go lower but you can sell the 2018 $75 puts for $10, so I'd have to say that $65 as a safe enough net entry point that it's more worth taking a chance here than possibly letting it get away from you.  Given that, the 2018 $90 ($15.50)/$110 ($8.50) bull call spread at $7 leaves you a $3 credit, which you should plan on using to roll the $90s down to the $80s ($20.50) should GILD go lower but, if this ends up being the floor – then $110 in two years should not be a problem for a $23 gain.

DIS/Rexx – Well now it's all about the earnings (2/9).  The roll is fine, I still think they should be over $100.