Put Writing With Leap

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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Option Trade Dec 08

Date	Action	Qty	Symbol	Description	Price	Commission	Net Amount
12/22/2008	Buy To Close	10	.UUFXC	UYG APR 1900 0 P			$0.00
12/16/2008	Buy To Close	2	.QPPXU	AINV DEC 7.5 Put	$0.300	$14.95	($74.95)
12/16/2008	Sell To Open	2	.GEWAT	GE JAN 2009 20 Call	$0.320	$14.95	$49.04
12/16/2008	Sell To Open	2	.GEWMN	GE JAN 2009 14 Put	$0.490	$14.95	$83.04
12/15/2008	Buy To Open	10	.UUFCI	UYG MAR 2009 9 Call	$0.700	$15.00	($715.00)
12/15/2008	Sell To Open	10	.UUFCG	UYG MAR 2009 7 Call	$1.000	$15.00	$984.99
12/2/2008	Sell To Open	2	.QPPXU	AINV DEC 7.5 Put	$0.800	$14.95	$145.04
12/2/2008	Sell To Open	10	.UUFXC	UYG DEC 3 Put	$0.150	$15.00	$134.99
12/2/2008				Initial Deposit			$5,000.00