BOT    1    IWM    MAY 18 '12 75 Put Option     2.52    USD    NASDAQOM    FEB 15 11:03:08        0.60    null
    SLD    1    IWM    MAY 18 '12 70 Put Option     1.53    USD    NASDAQOM    FEB 15 11:04:46        0.61    null
    SLD    1    AXP    APR 20 '12 44 Put Option     0.45    USD    CBOE    FEB 15 11:07:15        1.03    null
+    SLD    3    ABX    APR 20 '12 40 Put Option     .350    USD    BOX    FEB 15 11:10:19        1.28    null

For third week of February, above are the trades I have made.  The first trade is a vertical put spread of IWM, buying the May 75puts for $2.52 and selling the May 60 puts for $1.53.  In this trade I will earn $5(the spread between 75-70) minus the cost of the spread (.99cents)  If IWM trades under 70 by options expiration in May this trade would have maximum profitability.  This trade is made to hedge against the puts I have sold.

I sold 1 contract of AXP 44 puts for April and 3 contracts of April ABX 40 puts.  If American Express and Barrick Gold are above the respective strike prices I will receive $45 for the AXP contract and $35 x 3 for the ABX contracts.  If both of these stocks fall drastically and the option prices I have sold for either double or hit my strike price, I may get out of these positions for a loss.