Dec 26.08 SPY at 87.16 :
Buy 2 years SPY put at 60
Sell one month put at 71
Repeat every month.
.SWVMH SPY JAN 2009 60 Put 0.05 0.1 BTO 1 12/26/2008 11:29:21 PM Open
.SZCMS SPY JAN 2009 71 Put 0.26 0.34 STO 1 12/26/2008 11:29:21 PM Open
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