Trade - 5/19/09 - HON

STO (2) Naked Put - HON (Honeywell) June 09 @ $32.50 for $1.00 each. Net Premium $199.

This one is a pure play on the Obama new mileage standards for cars. HON is a big player in that technology market. Good company with Good dividend and one of the few plays where I can get 3% CC premiums.

Risk Analysis:

Ticker: HON
Expiratoin: 19-Jun-09
Invest Date 19-May-09

Current Stock Price $33.20
Strike Price $32.50
Premium $1.00
Annual Dividend $1.21

Days to Expiration 31
Return (Assumes CSP) 3.08%
Annualized Return 36.23%
Downside Protection 5.12%
Effective Dividend if Put 3.84%