Trade - 7/6/09 - NSC

STO (2) Naked Put - NSC (Norfolk Southern) July 09 @ $36 for $0.85 each. Net Premium $169.

Risk Management:

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

Current Stock Price $36.22
Strike Price $36.00
Premium $1.10
Annual Dividend $1.36

Days to Expiration 11
Return (Assumes CSP) 3.06%
Annualized Return 101.39%
Downside Protection 3.64%
Effective Dividend if Put 3.90%