Monday, October 27, 2008

Sold Walmart Puts

10/27/08 Sold 5 uncovered puts to open WMT Nov 35 1/2 puts at 18 putting gross $90 in my account. If the stock drops from 51.69 down to 37.5 I'll happily own the stock, otherwise I'd be glad to keep the premium. I love the volatility priced into these options. I' going to put in antoher order to sell 5 more at 1.25 in case the market sells of at the end of the day and if I don't get filled I'll wait for another sell off of the market from redemtions or just keep the premium that I've brought in so far!

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