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%