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?