Trade - 7/8/09 - NAT

STO (2) Naked Put - NAT (NORDIC AMERICAN TANKER SHIPPING) Aug 09 @ $30 for $2.25 each. Net Premium $449.

Risk Management:

Ticker: NAT
Expiratoin: 21-Aug-09
Invest Date 06-Jul-09

Current Stock Price $30.15
Strike Price $30.00
Premium $2.25
Annual Dividend $3.52

Days to Expiration 46
Return (Assumes CSP) 7.50%
Annualized Return 59.51%
Downside Protection 7.96%
Effective Dividend if Put 12.68%