New Trade - 1/5/10 SO (SOUTHERN CO)

Naked Put - SO (Southern Company) Feb 10 @ $32 Strike for $0.70 each.

Risk Management:

Ticker: SO
Expiratoin: 2/19/10
Invest Date 1/5/10

Current Stock Price $32.60
Strike Price $32.00
Premium $0.70
Annual Dividend $1.75

Days to Expiration 45
Return (Assumes CSP) 2.19%
Annualized Return 17.74%
Downside Protection 3.99%
Effective Dividend if Put 5.59%