Russian Market has fallen 2.2% already tonight
August 24th, 2010 | 
Author: I took my opportunity to sell a put for February 11 today. The lowest strike price on offer to me was $26, so I took that and availed of a premium of $1.9.
How do the figures stack up on this one?
$1.9/ $(26-1.9) = 7.8% in six months
If I annualise this figure, it represents 15.7% in twelve months hypothetically.
Of course, the Russian market may fall and I may have to take on that stock. However, my effective cost is $24.10 and the last time RSX visited this price was around September of last year.
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