Trade - 6/16/09 - GE

STO (7) Naked Put - GE (General Electric) September 09 @ $11 for $0.59 each. Net Premium $410.

Risk Management:

Ticker: GE
Expiratoin: 18-Sep-09
Invest Date 16-Jun-09

Current Stock Price $13.10
Strike Price $11.00
Premium $0.61
Annual Dividend $0.40

Days to Expiration 94
Return (Assumes CSP) 5.55%
Annualized Return 21.53%
Downside Protection 20.69%
Effective Dividend if Put 3.85%

Trade - 6/16/09 - BHP

STO (2) Naked Put - BHP (BHP Bilton Limited ADS) August 09 @ $50 for $2.45 each. Net Premium $489.

A longer term trade than usual. Nice premium with downside protection.

Risk Management:

Ticker: BHP
Expiratoin: 21-Aug-09
Invest Date 16-Jun-09

Current Stock Price $57.00
Strike Price $50.00
Premium $2.45
Annual Dividend $1.64

Days to Expiration 66
Return (Assumes CSP) 4.90%
Annualized Return 27.10%
Downside Protection 16.58%
Effective Dividend if Put 3.45%

Trade - 6/15/09 - T

STO (5) Naked Put - T (AT&T) October 09 @ $22 for $1.04 each. Net Premium $516.

Looking for some safety and to lock in some premiums here. Very safe dividend with quite a bit of downside protection.

Risk Management:

Ticker: ATT
Expiratoin: 16-Oct-09
Invest Date 15-Jun-09

Current Stock Price $24.42
Strike Price $22.00
Premium $1.04
Annual Dividend $1.64

Days to Expiration 123
Return (Assumes CSP) 4.73%
Annualized Return 14.03%
Downside Protection 14.17%
Effective Dividend if Put 7.82%

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%

Trade - 6/12/09 - PPG

STO (1) Naked Put - PPG July 09 @ $45 for $2.05 each. Net Premium $204.

I made some good money on this one last year but have stayed out of it so far this year. I feel like it has formed a good floor now around $45 and I feel the dividend is very safe because it is only a small percentage of Free Cash Flow. If put the dividend to me will be around 5%. If there is a pull back I will look to quickly double or triple this position.

Risk Management:

Ticker: PPG
Expiratoin: 17-Jul-09
Invest Date 11-Jun-09

Current Stock Price $45.38
Strike Price $45.00
Premium $2.05
Annual Dividend $2.12

Days to Expiration 36
Return (Assumes CSP) 4.56%
Annualized Return 46.19%
Downside Protection 5.35%
Effective Dividend if Put 4.94%

Trade - 6/10/09 - UNG

STO (2) Naked Put - UNG (Natural Gas ETF) July 09 @ $12 for $0.40 each. Net Premium $79.

This gives downside protection some where around natural gas futures trading at $3.20. In the $3.2 - $3.50 range there are alot of Natural Gas Producers that cannot produce gas profitably and would simply shut down their operations. I believe this gives good price supplort at the $3.00 - $3.20 range.

Risk Management:

Ticker: UNG
Expiratoin: 17-Jul-09
Invest Date 10-Jun-09

Current Stock Price $13.80
Strike Price $12.00
Premium $0.40
Annual Dividend $-

Days to Expiration 37
Return (Assumes CSP) 3.33%
Annualized Return 32.88%
Downside Protection 15.94%

Trade - 6/10/09 - JPM

STO (1) Naked Put - JPM (JP Morgan) July 09 @ $32 for $1.12 each. Net Premium $111.

Risk Management:

Ticker: JPM
Expiratoin: 17-Jul-09
Invest Date 10-Jun-09

Current Stock Price $35.25
Strike Price $32.00
Premium $1.12
Annual Dividend $0.20

Days to Expiration 37
Return (Assumes CSP) 3.50%
Annualized Return 34.53%
Downside Protection 12.40%
Effective Dividend if Put 0.65%

Trade - 6/9/09 - RIMM

STO (1) Naked Put - RIMM (Research in Motion) June 09 @ $75 for $1.91 each. Net Premium $190.

For only 10 days I like the premium and downside protection on this one.

Risk Management:

Ticker: RIMM
Expiratoin: 19-Jun-09
Invest Date 09-Jun-09

Current Stock Price $82.25
Strike Price $75.00
Premium $1.90
Annual Dividend $-

Days to Expiration 10
Return (Assumes CSP) 2.53%
Annualized Return 92.47%
Downside Protection 11.12%

Trade - 6/8/09 - NYX

STO (3) Naked Put - NYX July 09 @ $25 for $0.75 each. Net Premium $223.

I am doubling down on this one for July. I have 3 NPs active at $29 strike for June.

If I get put on this batch it will be a 5% effective dividend.

Risk Management:

Ticker: NYX
Expiratoin: 17-Jul-09
Invest Date 08-Jun-09

Current Stock Price $29.00
Strike Price $25.00
Premium $0.75
Annual Dividend $1.20

Days to Expiration 39
Return (Assumes CSP) 3.00%
Annualized Return 28.08%
Downside Protection 16.38%
Effective Dividend if Put 4.95%

Trade - 6/5/09 - TK - Closeout

Closed out the TK position today (just 2 days after getting into it). Made over 600% annualized! I will get back in this one if it retreats again.

Trade - 6/3/09 - AFL

STO (3) Naked Put - AFL (AFLAC) June 09 @ $31 for $1.00 each. Net Premium $298.

After selling this one yesterday I jumped right back in because I like the high premium and good downside protection on this one. A solid company that may not rocket higher but should have no problem holding its own at $31.

Risk Management:

Ticker: AFL
Expiratoin: 19-Jun-09
Invest Date 03-Jun-09

Current Stock Price $33.75
Strike Price $31.00
Premium $1.00
Annual Dividend $1.12

Days to Expiration 16
Return (Assumes CSP) 3.23%
Annualized Return 73.59%
Downside Protection 11.11%
Effective Dividend if Put 3.73%

Trade - 6/3/09 - TK

STO (5) Naked Put - TK (Teekay) June 09 @ $15 for $.70 each. Net Premium $347.

Risk Management:

Ticker: TK
Expiratoin: 19-Jun-09
Invest Date 03-Jun-09

Current Stock Price $15.78
Strike Price $15.00
Premium $0.70
Annual Dividend $1.27

Days to Expiration 16
Return (Assumes CSP) 4.67%
Annualized Return 106.46%
Downside Protection 9.38%
Effective Dividend if Put 8.85%

Trade - 6/2/09 - NYX

STO (3) Naked Put - NYX June 09 @ $29 for $.92 each. Net Premium $274.

Risk Management:

Ticker: NYX
Expiratoin: 19-Jun-09
Invest Date 02-Jun-09

Current Stock Price $30.46
Strike Price $29.00
Premium $0.92
Annual Dividend $1.20

Days to Expiration 17
Return (Assumes CSP) 3.17%
Annualized Return 68.11%
Downside Protection 7.81%
Effective Dividend if Put 4.27%

Trade - 6/1/09 - EMR - Closeout

I closed my position today in EMR. I like this company but I was able to buy it back for 50 cents on the dollar so I am going to take that gain and run as this market makes me nervous!

Trade - 6/1/09 - HON, ADP, QCOM, UNG, NAT - Closeout

Today I closed out all my positions in HON, ADP, QCOM, UNG, NAT, QQQQ. With the exception of Honeywell (HON was just slightly higher but I took the quick profit) all were closed out for between 5 to 20 cents on the dollar of the original investment. With 3 full weeks left to options expiration I feel there will be a better use of capital than trying to wait for the last few cents of an option.

My big motivation for this move was also in part to the unemployment rate release at the end of the week. Can America really stomach 9%+ unemployment with skyrocketing gas prices?