Today's Trades

Visn- Sold Jan $2.5 put at .55
I have ridden this stock to $12 taken a profit and now find my self chasing this bad boy down. Already sold $5 puts that are itm big time right now and also already sold Oct $2.5 puts. When the market recovers this one will triple for us.

GSH- Sold an Oct $15 put at $1.05
Guangshen Railway Co. Ltd, This a a stock I would like to own at some point. Good dividend yield, now near a 52 wk. low, and fills a void currently in my portfolio for transportation. Buffet is a big believer in the rails and due to my affinity for Chinese stocks this is the stock for me.

PKX- Sold Nov 80/75 put spread for $1.30
Posco Korea Steel, Another stock I have been following for awhile and as stocks have been on sale as of late it's a great time to start a position. BRK is invested at around the $75 level so I am calling a "Buffet Bottom" of $75 in the stock as the lowest this baby will go before being bought back up again. Posco has over $10 per share earnings and is the worlds most efficient steel producer getting margins other steel companies dream of. This will only get better when inflation starts taking materials prices higher.

A few orders that didn't fill today:
VE Jan 22.5/20 put spread for .80
PVX Dec 5 put for .35
Rino Dec 7.5/5 put spread .85

Today's Trades

VE- Veolia is a company I have held for awhile and with the recent downturn in Europe this stock is now at great discount price. Since I wouldn't mind owning a few more shares I sold a May 25 put for .25 today. They are selling for .30 right now so I might sell another one tomorrow if I can get .35 for it. If the stock remains above $25 for the next three days I get to keep the money paid to me for the option, if it dips below $25 I get the stock at a .25 discount per share. It's like selling a limit order as my buddy Paul puts it.

VISN- So if you bought this stock as recommended yesterday you made a quick 5% today! As for me I sold an OCT $2.50 put for .35 today and closed out (bought) my July $5 calls for .15 booking a nice .50 profit!

PVX- This is one of my long term holdings that has doubled for me and continues to pay a great dividend. Today I sold a DEC $5 put for .15 which if put to me would give me the stock at about a 45% discount from today's price

VISN

With VISN at $3.28, an extreme discount, right now it would be worth starting a position if you don't have one already. I am placing an order to sell OCT $2.50 puts for .35 as we speak and already have a position in the stock on the long and short side. VISN has consistently beat earnings estimates and has the most unique advertising in the world. If you were considering BIDU this might be a better alternative.

Vision China Media Inc., VISN, operates an out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China. Its advertising network consists of digital television displays located on buses and in other selected locations, such as in subway trains in Beijing, that receive mobile digital television broadcasts of real-time content and advertising. The Company also operates a stationary advertising platform in subway stations in two major cities in China: Guangzhou and Shenzhen.

The only thing better than investing in this company would be to start your own version of this model here in the US! Anyone want to partner on this?

Gold

Gold has gone on another 10% run since I booked some of my profits at $1100 just over a month ago so some of you may want to look at taking some off the table at this point. Although my 2010 goal is $1300 the prudent move is to book the profit on some of your position and be one of the few investors out there making profits while the market languishes.

AAPL

So with only a few days left until expiration I closed my AAPL position today at $1. Even with huge blowout earnings numbers and a tidal wave of momentum I managed to make a profit on a short AAPL options trade. If you recall I sold the options for $1.65 per share and now had to pay $1 to close it out leaving me a profit of .65 per share in less than a month's time. This gives me close to a 6% return on money put at risk, taking commissions into account, in a month's time.