Selling puts today

Sold DIWSM @ .30, Sold SPYSR @.65. These are 8 day trades that are the equivalent to bidding below the market. Sold the puts to take advantage of the increase in volatility to make .5% return in 8 days and or to own the market a percent or two lower from Fridays closing level. Effect is buying the below 2005 closing level in relative terms.

DIWSM = July 65 IWM Put
SPYSR = July 122 SPY Put

Note is directed only at JB, the Kaiser, and gang only!