Profitable Trade: SLV Naked Puts

Yesterday the following naked puts expired worthless:


04/16/2012   STO 3 SLV April 21 2012 30 Puts @.29            74.71

Silver stayed range bound so these puts expired worthless. We earned 4.3% in 5 days on $1737.13 in margin maintenance. That equates to 313.9% annual. We'll look to put that margin maintenance to work soon. I like the opportunities provided by the recent weakness in JNJ. I'm looking at the 60 puts a few months out.