Profitable Trade: Johnson & Johnson (JNJ) Naked Puts

Today I closed out the following transaction for a profit:

03/28/2012   STO 2 JNJ Jul 21 2012 62.5 Puts @.95      178.51
06/20/2012   BTC 2 JNJ Jul 21 2012 62.5 Puts @.05      -10.03

We earned $168.48 in 84 days on an average of ~$2400 in margin maintenance. This equates to a 7% return or 30.4% annual. We were able to close out the transaction today with no commission. I now have more powder in the keg for future trades which I feel will present themselves shortly (see WAG and PG).