Wrap, on two-flush board

[Cezar]

I'm giving small stakes PLO another spin. This sort of situation is probably routine for a good player. Well, I guess I'm not that good.

Party Poker
Pot Limit Omaha Ring game
Blinds: $0.10/$0.25
8 players
Converter

Stack sizes:
UTG: $29.20
UTG+1: $25.25
MP1: $58.63
MP2: $51.60
CO: $28.55
Button: $24.50
SB: $6.31
Hero: $26

Pre-flop: (8 players) Hero is BB with 8[img]/images/graemlins/club.gif[/img] T[img]/images/graemlins/heart.gif[/img] 9[img]/images/graemlins/diamond.gif[/img] K[img]/images/graemlins/club.gif[/img]
2 folds, MP1 calls, MP2 calls, CO folds, <font color="#cc0000">Button raises to $1.35</font>, SB calls, Cezar24 calls, MP1 calls, MP2 folds.

Button was pretty quiet until now, so the standard operating procedure is to put him on aces. I guess this is question number one - should I be trying to stack off aces with this hand ?

Flop: J[img]/images/graemlins/heart.gif[/img] 7[img]/images/graemlins/diamond.gif[/img] Q[img]/images/graemlins/heart.gif[/img] ($5.65, 4 players)
SB checks, Hero checks, MP1 checks, <font color="#cc0000">Button bets $5.4</font>

JQ is perfect for my hand, but I'm still not sure how to proceed. Normally, I would check-raise the continuation bet. But if the Villain is suited in hearts, I'm not prying him off this pot, and I am way behind. MP1 could decide to stick around too.

So what is the play here ? Raise, and pray everybody folds. Call and see if I catch a straight on the turn, or just fold and move on.