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%