This journal won't be updated more than once a week or so - depnding on how well I do my job. I'll be selling puts normally or synthetically depending on premium. Starting capitol $15000 Trades thus far: Sold 10 Feb AMD 40 puts for 1.10 premium (when stock was around 43 3 weeks ago) Yesterday, bought back puts for .13 premium. Profit 97x10 = $970 - (7+25) comm - $50 margin = $888 profit Sold 10 Mar AMD 37.50 puts for .78 premium. The reasons? 1. We have a strong uptrending stock. 2. 20 day MA support 3. 50 will become support towards the end of the month Exit plan: Buy back for .10 or so to roll into another month If stock stays strong fundamentally, I wouldn't mind having the stock put to me to sell calls against. That said, if it drops 10% (and with this kind of volatility, it may), I will have to re-evaluate and hedge as needed.