Trade - 6/12/09 - CHU

STO (2) Naked Put - CHU (China Unicom Hong Kong Ltd) July 09 @ $15 for $0.35 each. Net Premium $69.

China Play here. This one is a little speculative but nice yeild for 7 days and I wouldn't mind owning it.

Risk Management:

Ticker: CHU
Expiratoin: 19-Jun-09
Invest Date 12-Jun-09

Current Stock Price $15.18
Strike Price $15.00
Premium $0.35
Annual Dividend $0.29

Days to Expiration 7
Return (Assumes CSP) 2.33%
Annualized Return 121.67%
Downside Protection 3.49%
Effective Dividend if Put 1.98%