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