I think the market may be reaching a short-term top, so I decided to hedge a little and sell a put on an ETF which returns 3x the inverse of the Russell 2000. The profit/loss info is below:
12/8/2009 -- Sold To Open 1 TZA January $10 Put @ 0.4824
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Potential Gain If Not Assigned At Expiration: 4.82%
Potential Annualized Gain If Not Assigned At Expiration: 45.15%
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