trade

I sold VWIMD.X today. It is the Jan. 2009 $20 Washington Mutual put. I wanted $6.00 for it and I got it. If I didn't, I would have sold it at the close today. WaMu had plunged from $30 to $20 the past couple of weeks, and today fell as much as 20% to as low as $19.72. WaMu would have to fall under $14.00 to increase my profit. While it may, I think that the reward outweighed the risk, so I took it off the table. This gives me some ammo for the options account, and I will try to use it wisely.