ESRX options looking good

A put at strike $65 for Jan 2015 is priced at about $9.12.  For a stock with a fair market value of about 80+ in a defensive sector, I find it quite attractive.  There are other shorter term options too expiring around May 2014 that look quite attractive.  I have personally preferred this strategy instead of buying and owning the stock, given all the macro uncertainties governing the US market --  despite the market performance now that may make people like me look overly cautious and missing an opportunity.  If you don't wish to be that cautious, this may also be a good time to buy the stock and write a covered call for something above 67.5 for Jan 2015.