Yesterday I sold 4 RAD Apr08 2.50 Puts for $29.00 in an IRA.

This is a pretty small dollar amount but the percentage return on at risk cash is more than 46% annualized.

I consider this a trade because I do not intend to hold RAD as a “core” investment.  For one reason it does not pay a dividend and I prefer to hold dividend paying stocks.  I needed to find what appeared to be a relatively low risk trade for this account because there is not a lot of free cash in it.  I did not want the cash to just sit there earning a paltry interest.  If by some chance this stock is put to me I can sell Calls at the 2.50 strike price each month until it gets called away.