Profitable Trade: General Electric (GE) Covered Puts

Today I closed out the following transaction in a traditional IRA:

11/22/2011   Sold 3 GE Jan 2012 15 Puts @ .9                              +257.71
12/22/2011   BTC 3 GE Jan 2012 15 Puts @.05                               -15.04

We made $242.67 in 30 days on these covered puts. This equates to a return of 5.4% or 65.7% annual. We continue to close out transactions on up days and enter new transactions on days when fear is plentiful.