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The markets are down, I’m selling puts today!

The markets appear to be very depressed today, which presents a great opportunity to sell puts, as the income that I can generate will be higher on the same strike prices as yesterday.

I have sold two puts (each) on the BRIC index and the Brazilian index for March 2011 and took in some nice income on significantly out-the-money options.

I still have a call option to sell on KO (Coca-Cola), but I’m waiting for a better day to choose for that. Watch this space!

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