Trade - 4/13/09 - INTC

STO (2) Naked Puts INTC- May 2009 @ $15 for $0.73 each - Total Income - $145

I am sitting at about 85% cash in my options trading account now and I want to start moving more into the market just in case this isn't a bear rally. I am not bullish on Intel but I believe they are stable. If I get put I will be in it for $14.23 per share which also puts me at a 4% dividend on intel. It also appears that I should be able to then write some nice covered calls in the 3-5% per month premium range.