Trade - 7/6/09 - BP

STO (1) Naked Put - BP (Brittish Protroleum) July 09 @ $45 for $0.75 each. Net Premium $74.

Risk Management:

Ticker: BP
Expiratoin: 17-Jul-09
Invest Date 06-Jul-09

Current Stock Price $45.40
Strike Price $45.00
Premium $0.75
Annual Dividend $3.36

Days to Expiration 11
Return (Assumes CSP) 1.67%
Annualized Return 55.30%
Downside Protection 2.53%
Effective Dividend if Put 7.59%