Low Premium Option Report - Stocks hitting the bottom

We think stocks on this report may be oversold, requiring further review.

The reason for this, is because the Puts being sold, appear to be lacking a significant profit, where they may yield 4-8% over 12-24 months, and the risks of inflation and time are not worth the sale of these Puts. The stocks on the list seem to have gone down so far that people are not willing to pay much for the Puts. Therefore, we view these stocks as low risk bets. Keep in mind, this is only one of the tools we use when deciding when to enter a trade.

Our research list below does not include very low yielding Puts, (ie. less than 4%) as we found there may be underlying problems with them (eg. restructuring, bankruptcy, unforeseen problems, etc.)

We look at the premium paid on a Put for a strike price that is 20% lower than today's price. We do this to measure the risk in the event of a correction.

We did receive one contradictory opinion (privately) against this method, by a gentleman with over 20 years on the Chicago Mercantile Exchange and who runs a Hedge Fund. His opinion on this method,

"Option premiums are driven by factors like strike price, days to expiration, interest rates, etc. However, just like any other market, supply and demand for individual options play an important role. The more demand for an option, the higher the premium. In most cases, the premium for a 30 delta Put is usually higher than the premium for a 30 delta call. The reason is that many people use Puts as an insurance policy to protect a stock's downside. The more demand for these Puts the higher the premium and the Implied Volatility of the option. In theory, the Implied Option Volatility indicates the perceived 'movement' of the stock over a period of time. The larger the Implied Volatility, the greater the deviation of the stock price from its current price. This is just the mathematical computation used in the Black Sholes Option Pricing Model. Option premiums are highly influenced by supply and demand issues. Option premiums are also influenced by the liquidity and daily trading volume of the stock. It is very common for two similar stocks to have vastly different implied volatility measures even if their monthly standard deviations are mathematically the same. Many of the stocks are large cap stocks with deep liquidity and large trading volume. In addition, many of these stocks have lagged the overall market returns since the recent market bottom in March which also can account for their low option premiums as investors are not looking for downside protection."

While we agree with his facts, we disagree with his opinion.

If you are a professional or non-professional, we invite your comments on this subject by participating in our FORUMS.

Underlying Symbol	Name	Option Symbol	Expiration	Premium Last	Premium Bid	Premium Ask	Last	Strike	Underlying Price
	American Capital Strategies, Ltd.	ACAS110521P00005000	2011-05-21	6%	6%	6%	$0.30	$5.00	$6.57
ADM	Archer Daniels Midland Co	ADM120121P00025000	2012-01-21	6%	6%	6%	$1.52	$25.00	$33.71
	Advanced Energy Industries, Inc.	AEIS110416P00010000	2011-04-16	7%	5%	7%	$0.70	$10.00	$14.53
AEP	American Elec Pwr Co Inc	AEP130119P00025000	2013-01-19	7%	6%	7%	$1.65	$25.00	$36.46
AGCO		AGCO110521P00035000	2011-05-21	4%	5%	5%	$1.45	$35.00	$43.83
AGG		AGCO110521P00035000	2011-06-18	4%	5%	5%	$1.45	$35.00	$108.51
AIR	A A R Corp	AIR110521P00017500	2011-05-21	7%	5%	6%	$1.15	$17.50	$22.72
ALB	Albemarle Corp	ALB110618P00040000	2011-06-18	4%	4%	4%	$1.70	$40.00	$50.07
ALK	Alaska Air Group Inc	ALK110416P00040000	2011-04-16	8%	5%	6%	$3.08	$40.00	$50.83
ALNY		ALNY110618P00010000	2011-06-18	6%	5%	6%	$0.55	$10.00	$13.68
	Allied Riser Communications Corporation	ARCC110618P00013000	2011-06-18	5%	5%	6%	$0.68	$13.00	$16.53
ARUN		ARUN110416P00016000	2011-04-16	7%	6%	7%	$1.15	$16.00	$20.28
	Avid Technology, Inc.	AVID110618P00010000	2011-06-18	6%	5%	7%	$0.55	$10.00	$12.80
BBVA		BBVA110416P00010000	2011-04-16	6%	5%	6%	$0.60	$10.00	$13.39
	Best Buy Co Inc	BBY120121P00030000	2012-01-21	6%	6%	6%	$1.91	$30.00	$43.08
	Brigham Exploration Company	BEXP110416P00016000	2011-04-16	8%	6%	8%	$1.25	$16.00	$20.35
BK	Bank Of New York	BK120121P00017500	2012-01-21	6%	7%	7%	$1.05	$17.50	$24.93
BMY	Bristol Myers Squibb Co	BMY120121P00020000	2012-01-21	6%	5%	6%	$1.12	$20.00	$27.16
	Boundless Corporation	BMY120121P00020000	2011-06-18	6%	5%	6%	$1.12	$20.00	$82.67
BNS	Bns Co	BMY120121P00020000	2011-06-18	6%	5%	6%	$1.12	$20.00	$53.42
BNZ		BMY120121P00020000	2011-04-16	6%	5%	6%	$1.12	$20.00	$24.05
		BRKB120121P00065000	2012-01-21	6%	6%	6%	$3.90	$65.00	$83.33
C	Citigroup Inc	C120121P00002500	2012-01-21	6%	6%	6%	$0.16	$2.50	$4.21
CAH	Cardinal Health Inc	CAH120121P00025000	2012-01-21	7%	6%	7%	$1.80	$25.00	$32.41
	Cal-maine Foods, Inc.	CALM110521P00022500	2011-05-21	4%	4%	5%	$1.00	$22.50	$28.70
CBOE		CBOE110618P00019000	2011-06-18	6%	5%	6%	$1.05	$19.00	$24.37
CCJ	Cameco Corp	CCJ120121P00022500	2012-01-21	8%	7%	8%	$1.69	$22.50	$30.90
CCK	Crown Cork & Seal Inc Pa	CCK120121P00025000	2012-01-21	7%	5%	5%	$1.75	$25.00	$31.27
	Central European Distribution Corporation	CEDC110618P00017500	2011-06-18	7%	6%	7%	$1.15	$17.50	$23.55
CHL	China Mobile Hk Ltd	CHL120121P00040000	2012-01-21	5%	5%	5%	$1.90	$40.00	$52.03
CISG		CISG110416P00020000	2011-04-16	6%	4%	6%	$1.20	$20.00	$26.34
CLR	Clarion Commercial Holdin	CLR110618P00035000	2011-06-18	5%	5%	5%	$1.70	$35.00	$46.78
	Concur Technologies, Inc.	CNQR110521P00040000	2011-05-21	6%	5%	6%	$2.45	$40.00	$50.61
CRI		CRI110618P00020000	2011-06-18	6%	6%	7%	$1.20	$20.00	$25.50
	Carrizo Oil & Gas, Inc.	CRZO110416P00017500	2011-04-16	6%	5%	6%	$1.00	$17.50	$23.50
CS	Cabletron Systems Inc	CRZO110416P00017500	2011-06-18	6%	5%	6%	$1.00	$17.50	$41.59
CTB	Cooper Tire & Rubber Co	CTB110521P00015000	2011-05-21	5%	5%	6%	$0.80	$15.00	$20.38
CTCM		CTCM110521P00017500	2011-05-21	4%	4%	5%	$0.75	$17.50	$23.51
CTCT		CTCM110521P00017500	2011-06-18	4%	4%	5%	$0.75	$17.50	$21.10
CVX		CVX120121P00067500	2012-01-21	7%	6%	7%	$4.90	$67.50	$84.87
	Cyberonics, Inc.	CYBX110416P00022500	2011-04-16	7%	4%	5%	$1.55	$22.50	$29.12
CYD	China Yuchai Intl Ltd	CYD110521P00017500	2011-05-21	5%	5%	6%	$0.90	$17.50	$24.68
CYH	Community Health Systems	CYD110521P00017500	2011-06-18	5%	5%	6%	$0.90	$17.50	$30.52
CZZ		CZZ110618P00010000	2011-06-18	6%	6%	8%	$0.61	$10.00	$12.70
D	Dominion Resources Inc Va	D120121P00035000	2012-01-21	5%	5%	5%	$1.75	$35.00	$44.46
DBRN		DBRN110618P00018000	2011-06-18	6%	4%	6%	$1.00	$18.00	$23.01
	Deckers Outdoor Corporation	DECK110618P00040000	2011-06-18	7%	6%	7%	$2.80	$40.00	$53.86
DGI		DGI110618P00025000	2011-06-18	5%	4%	6%	$1.20	$25.00	$32.44
	Diamonds Trust Series I	DIA120121P00085000	2012-01-21	5%	4%	4%	$4.30	$85.00	$111.71
DJX		DJX120616P00085000	2012-06-16	6%	5%	6%	$5.25	$85.00	$111.64
DSW	Southwestern Bell Telepho	DSW110416P00025000	2011-04-16	7%	5%	6%	$1.70	$25.00	$32.96
DUK	Duke Energy Corp	DUK130119P00012500	2013-01-19	5%	4%	8%	$0.65	$12.50	$17.77
DUX		DUK130119P00012500	2011-06-18	5%	4%	8%	$0.65	$12.50	$405.20
EEM	Merrill Lynch & Co., Inc.	EEM120121P00035000	2012-01-21	6%	6%	6%	$2.10	$35.00	$46.53
EFA		EFA120121P00045000	2012-01-21	7%	6%	7%	$3.11	$45.00	$57.51
EFG		EFA120121P00045000	2011-05-21	7%	6%	7%	$3.11	$45.00	$59.50
EGLE		EGLE110618P00004000	2011-06-18	5%	5%	6%	$0.20	$4.00	$5.18
EJ		EJ110521P00013000	2011-05-21	7%	7%	8%	$0.85	$13.00	$17.30
EMR	Emerson Electric Co	EMR120121P00040000	2012-01-21	6%	6%	7%	$2.55	$40.00	$54.95
EMS	C Mac Industries Inc	EMR120121P00040000	2011-06-18	6%	6%	7%	$2.55	$40.00	$54.16
ENOC		ENOC110618P00022500	2011-06-18	6%	6%	7%	$1.45	$22.50	$30.39
ENS		ENS110618P00020000	2011-06-18	6%	5%	6%	$1.15	$20.00	$26.81
ERTS		ERTS120121P00010000	2012-01-21	6%	5%	8%	$0.59	$10.00	$15.62
		EXBD110618P00022500	2011-06-18	5%	4%	5%	$1.20	$22.50	$30.85
F	Ford Motor Company	F120121P00010000	2012-01-21	7%	7%	7%	$0.69	$10.00	$14.15
FAA		F120121P00010000	2011-06-18	7%	7%	7%	$0.69	$10.00	$41.39
FINL		FINL110521P00012500	2011-05-21	6%	6%	8%	$0.75	$12.50	$16.18
FNF	Fidelity National Financi	FNF110618P00010000	2011-06-18	6%	5%	6%	$0.55	$10.00	$13.12
FOE	Ferro Corp	FOE110416P00010000	2011-04-16	5%	6%	7%	$0.45	$10.00	$13.06
	Fossil, Inc.	FOSL110618P00045000	2011-06-18	8%	6%	6%	$3.50	$45.00	$57.30
GDX		GDX120121P00040000	2012-01-21	8%	7%	8%	$3.00	$40.00	$55.74
GFA		GFA110618P00012500	2011-06-18	5%	4%	7%	$0.63	$12.50	$16.28
GIL	Gildan Activewear Inc	GIL110618P00022500	2011-06-18	6%	5%	6%	$1.30	$22.50	$28.22
GLBC		GLBC110618P00010000	2011-06-18	7%	5%	7%	$0.65	$10.00	$14.45
		GOOG120121P00490000	2012-01-21	7%	6%	6%	$32.33	$490.00	$616.50
GPI	Group 1 Automotive, Inc.	GPI110416P00025000	2011-04-16	7%	7%	7%	$1.75	$25.00	$32.34
GTI		GTI110618P00012500	2011-06-18	7%	5%	6%	$0.90	$12.50	$17.10
	Gentiva Health Services, Inc.	GTI110618P00012500	2011-05-21	7%	5%	6%	$0.90	$12.50	$23.52
GTLS	Global Telesystems Inc	GTI110618P00012500	2011-06-18	7%	5%	6%	$0.90	$12.50	$21.66
HAR	Harman Intl Inds Inc	HAR110416P00027500	2011-04-16	8%	5%	6%	$2.10	$27.50	$35.19
HBC	Hsbc Holdings Plc	HBC120121P00040000	2012-01-21	6%	5%	6%	$2.26	$40.00	$52.43
HITK	Hi-tech Pharmacal Co., Inc.	HITK110416P00017500	2011-04-16	6%	4%	5%	$1.00	$17.50	$22.57
HON	Honeywell International	HON120121P00035000	2012-01-21	6%	6%	6%	$2.25	$35.00	$47.53
	Interdigital Communications Corp.	IDCC120121P00022500	2012-01-21	7%	5%	7%	$1.55	$22.50	$30.41
ING	Ing Groep Nv Adr	ING110416P00009000	2011-04-16	7%	5%	6%	$0.60	$9.00	$11.35
	Interactive Intelligence, Inc.	ING110416P00009000	2011-06-18	7%	5%	6%	$0.60	$9.00	$23.57
INP		ING110416P00009000	2011-06-18	7%	5%	6%	$0.60	$9.00	$79.79
IPSU		IPSU110416P00010000	2011-04-16	8%	5%	8%	$0.75	$10.00	$13.18
	Impax Laboratories, Inc.	IPSU110416P00010000	2011-06-18	8%	5%	8%	$0.75	$10.00	$21.29
IR	Ingersoll Rand Co	IR120121P00030000	2012-01-21	7%	7%	7%	$2.00	$30.00	$39.87
ITW	Illinois Tool Works Inc	ITW120121P00037500	2012-01-21	8%	7%	8%	$2.85	$37.50	$46.94
	Ishares Dow Jones U.s. Real Estate Index Fund	IYR120121P00040000	2012-01-21	6%	6%	7%	$2.45	$40.00	$56.15
IYT		IYR120121P00040000	2011-06-18	6%	6%	7%	$2.45	$40.00	$86.18
	Ishares Dow Jones U.s. Total Market Index Fund	IYR120121P00040000	2011-03-19	6%	6%	7%	$2.45	$40.00	$59.45
	Johnson & Johnson	JNJ130119P00050000	2013-01-19	8%	8%	8%	$3.80	$50.00	$63.98
JNS		JNS110618P00008000	2011-06-18	5%	4%	8%	$0.40	$8.00	$10.78
JOBS		JOBS110416P00035000	2011-04-16	6%	4%	7%	$2.10	$35.00	$46.54
JPM	Jp Morgan Chase And Co	JPM120121P00025000	2012-01-21	7%	7%	7%	$1.71	$25.00	$37.07
KFN		KFN110416P00007000	2011-04-16	6%	4%	6%	$0.41	$7.00	$8.97
		KFT120121P00025000	2012-01-21	4%	4%	4%	$1.08	$25.00	$32.47
	Kimberly Clark Corp	KMB130119P00050000	2013-01-19	7%	6%	7%	$3.30	$50.00	$66.47
	Coca Cola	KO130119P00045000	2013-01-19	6%	6%	7%	$2.85	$45.00	$61.01
KOF	Coca Cola Femsa Sa De Cv	KO130119P00045000	2011-05-21	6%	6%	7%	$2.85	$45.00	$76.96
KRC	Kilroy Realty Corp	KRC110521P00027500	2011-05-21	6%	4%	5%	$1.55	$27.50	$35.03
KS		KS110521P00010000	2011-05-21	8%	5%	7%	$0.75	$10.00	$13.21
LFT		LFT110618P00030000	2011-06-18	6%	5%	6%	$1.75	$30.00	$38.86
	Littelfuse, Inc.	LFT110618P00030000	2011-06-18	6%	5%	6%	$1.75	$30.00	$42.62
	Lifeline Systems, Inc.	LIFE120121P00035000	2012-01-21	6%	5%	6%	$1.95	$35.00	$47.93
LII	Lennox International Inc	LIFE120121P00035000	2011-06-18	6%	5%	6%	$1.95	$35.00	$43.27
LL		LL110521P00017500	2011-05-21	5%	5%	6%	$0.95	$17.50	$24.66
LMT	Lockheed Martin Corp	LMT120121P00055000	2012-01-21	5%	5%	5%	$2.90	$55.00	$71.41
LNN	Lindsay Manufacturing Co	LNN110618P00045000	2011-06-18	7%	5%	7%	$3.10	$45.00	$56.72
LTM		LTM110521P00025000	2011-05-21	5%	5%	6%	$1.30	$25.00	$37.24
LUV	Southwest Airlines Co	LUV120121P00010000	2012-01-21	7%	6%	7%	$0.70	$10.00	$13.54
LYV		LYV110416P00007500	2011-04-16	7%	5%	7%	$0.50	$7.50	$9.55
LZ	Lubrizol Corp	LYV110416P00007500	2011-06-18	7%	5%	7%	$0.50	$7.50	$114.81
MAC	Macerich Co	MAC110618P00035000	2011-06-18	7%	6%	7%	$2.40	$35.00	$45.00
MAN	Manpower Inc Wis	MAN110618P00045000	2011-06-18	6%	6%	6%	$2.80	$45.00	$56.46
	Mcdonalds Corporation	MCD120121P00062500	2012-01-21	5%	4%	4%	$2.90	$62.50	$78.70
MDAS		MDAS110618P00017500	2011-06-18	7%	5%	6%	$1.15	$17.50	$22.24
MDC		MDC110618P00020000	2011-06-18	6%	5%	6%	$1.15	$20.00	$26.51
MFC	Manulife Financial Corp	MFC110618P00010000	2011-06-18	8%	6%	7%	$0.75	$10.00	$12.58
	Philip Morris Cos Inc	MO120121P00020000	2012-01-21	6%	6%	6%	$1.10	$20.00	$25.06
NDN	99 Cents Only Stores	NDN110618P00012500	2011-06-18	5%	4%	6%	$0.60	$12.50	$16.03
NDO		NDN110618P00012500	2011-09-17	5%	4%	6%	$0.60	$12.50	$75.22
	Nordson Corporation	NDN110618P00012500	2011-06-18	5%	4%	6%	$0.60	$12.50	$79.76
NOC	Northrop Grumman Corp	NOC120121P00045000	2012-01-21	5%	5%	6%	$2.40	$45.00	$60.91
NSC	Norfolk Southern Corp	NSC120121P00045000	2012-01-21	7%	6%	7%	$3.08	$45.00	$61.97
	Nvidia Corporation	NVDA120121P00007500	2012-01-21	7%	7%	7%	$0.55	$7.50	$11.91
	Novellus Systems, Inc.	NVLS120121P00020000	2012-01-21	7%	7%	8%	$1.40	$20.00	$27.81
		ORCL120121P00022500	2012-01-21	7%	7%	7%	$1.60	$22.50	$28.84
PEET		PEET110618P00030000	2011-06-18	7%	4%	6%	$1.95	$30.00	$38.49
PEP	Pepsico Inc	PEP130119P00050000	2013-01-19	7%	7%	7%	$3.46	$50.00	$65.05
PFE	Pfizer Inc.	PFE120121P00012500	2012-01-21	6%	6%	6%	$0.72	$12.50	$17.62
PHH		PHH110521P00015000	2011-05-21	6%	4%	6%	$0.90	$15.00	$19.47
		PM120121P00045000	2012-01-21	6%	5%	6%	$2.50	$45.00	$59.47
POT	Potash Corp Saskatch Inc	POT120121P00110000	2012-01-21	5%	4%	5%	$5.56	$110.00	$143.70
PPO		PPO110618P00025000	2011-06-18	7%	6%	8%	$1.85	$25.00	$34.60
	Petrochina Co	PTR120121P00100000	2012-01-21	7%	5%	8%	$6.80	$100.00	$127.79
PX	Praxair Inc	PX120121P00075000	2012-01-21	6%	6%	7%	$4.60	$75.00	$93.77
QQQQ	Quantech Ltd	QQQQ120121P00040000	2012-01-21	5%	5%	6%	$2.16	$40.00	$51.89
	Railamerica, Inc.	RAIL110618P00020000	2011-06-18	6%	5%	6%	$1.15	$20.00	$27.47
RBS		RBS110521P00010000	2011-05-21	6%	6%	8%	$0.60	$10.00	$14.20
	Radware Ltd.	RDWR110618P00025000	2011-06-18	4%	4%	4%	$1.05	$25.00	$35.93
RS	Reliance Steel & Aluminum	RS110618P00030000	2011-06-18	5%	4%	5%	$1.50	$30.00	$41.64
		SCHW120121P00010000	2012-01-21	8%	5%	7%	$0.75	$10.00	$15.00
SCHX		SCHW120121P00010000	2011-05-21	8%	5%	7%	$0.75	$10.00	$28.16
	Shuffle Master, Inc.	SHFL110521P00007000	2011-05-21	7%	5%	8%	$0.50	$7.00	$8.89
	A. Schulman, Inc.	SHLM110416P00017500	2011-04-16	8%	4%	5%	$1.35	$17.50	$22.27
SHW	Sherwin Williams Co	SHW120121P00055000	2012-01-21	6%	4%	5%	$3.10	$55.00	$74.57
SHY		SHW120121P00055000	2011-06-18	6%	4%	5%	$3.10	$55.00	$84.48
SLG	Sl Green Realty Corp	SLG110521P00055000	2011-05-21	7%	5%	5%	$3.70	$55.00	$70.04
SNP	China Petroleum &chemical	SNP120121P00075000	2012-01-21	6%	5%	7%	$4.60	$75.00	$96.78
SO	Southern Co	SO130119P00030000	2013-01-19	7%	7%	8%	$2.17	$30.00	$38.18
STD	Banco Santander Cent Hisp	STD110618P00010000	2011-06-18	6%	5%	7%	$0.55	$10.00	$13.13
STJ	St Jude Medical Inc	STJ120121P00030000	2012-01-21	6%	6%	6%	$1.70	$30.00	$38.29
		STX120121P00010000	2012-01-21	5%	5%	5%	$0.48	$10.00	$14.81
SWN	Southwestern Energy Co	SWN120121P00025000	2012-01-21	6%	7%	7%	$1.62	$25.00	$33.96
SWY	Safeway Inc	SWY120121P00017500	2012-01-21	7%	6%	7%	$1.15	$17.50	$22.50
SYK	Stryker Corp	SYK120121P00040000	2012-01-21	7%	6%	7%	$2.60	$40.00	$51.27
TBT		TBT120121P00026000	2012-01-21	7%	7%	7%	$1.70	$26.00	$33.18
TMRK		TMRK110416P00007500	2011-04-16	7%	5%	7%	$0.50	$7.50	$9.90
TMV		TMRK110416P00007500	2011-05-21	7%	5%	7%	$0.50	$7.50	$37.07
TNB	Thomas & Betts Corp	TNB110618P00035000	2011-06-18	5%	4%	5%	$1.70	$35.00	$44.33
TRLG		TRLG110416P00017000	2011-04-16	6%	6%	7%	$1.01	$17.00	$21.97
UFS		UFS110416P00060000	2011-04-16	6%	4%	6%	$3.50	$60.00	$75.73
UPL	Ultra Petroleum Corp.	UPL120121P00030000	2012-01-21	7%	5%	6%	$1.95	$30.00	$41.49
	United Stationers Inc.	USTR110618P00045000	2011-06-18	7%	5%	7%	$3.00	$45.00	$56.78
VAR	Varian Medical Systems In	VAR120121P00045000	2012-01-21	8%	4%	6%	$3.42	$45.00	$61.15
	Valero Energy Corp New	VLO120121P00012500	2012-01-21	7%	7%	7%	$0.88	$12.50	$17.77
VPRT		VPRT110416P00030000	2011-04-16	6%	5%	5%	$1.85	$30.00	$39.67
	Verisign, Inc.	VRSN120121P00025000	2012-01-21	6%	5%	6%	$1.60	$25.00	$33.35
VSI		VSI110521P00022500	2011-05-21	7%	5%	8%	$1.50	$22.50	$28.66
WM	Washington Mutual Inc	WM130119P00025000	2013-01-19	7%	6%	8%	$1.85	$25.00	$36.88
	Wal-mart Stores Inc	WMT120121P00042500	2012-01-21	5%	4%	4%	$1.98	$42.50	$53.95
WMX		WMT120121P00042500	2011-03-19	5%	4%	4%	$1.98	$42.50	$60.85
	World Acceptance Corporation	WRLD110416P00030000	2011-04-16	6%	5%	7%	$1.65	$30.00	$39.25
XCO		XCO110618P00011000	2011-06-18	6%	7%	8%	$0.70	$11.00	$14.02
XDA		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$99.03
XDB		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$157.33
XDC		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$98.09
XDE		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$139.66
XDM		XCO110618P00011000	2011-02-19	6%	7%	8%	$0.70	$11.00	$80.93
XDN		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$123.74
XDS		XCO110618P00011000	2011-09-17	6%	7%	8%	$0.70	$11.00	$102.99
XDV		XCO110618P00011000	2011-02-19	6%	7%	8%	$0.70	$11.00	$172.61
XDZ		XCO110618P00011000	2011-02-19	6%	7%	8%	$0.70	$11.00	$75.22
	Select Sector Spdr Fund - Energy Select Sector	XLE120121P00045000	2012-01-21	6%	6%	6%	$2.89	$45.00	$59.46
	Select Sector Spdr Fund - Financial	XLF120121P00011000	2012-01-21	6%	6%	7%	$0.70	$11.00	$14.55
	Select Sector Spdr Fund - Industrial	XLI120121P00025000	2012-01-21	6%	6%	6%	$1.62	$25.00	$32.59
	Select Sector Spdr Fund - Technology	XLK120121P00019000	2012-01-21	6%	5%	5%	$1.17	$19.00	$24.18
	Select Sector Spdr Fund - Utilities	XLU120121P00025000	2012-01-21	4%	4%	5%	$1.07	$25.00	$31.80
	Select Sector Spdr Fund - Consumer Services	XLV120121P00025000	2012-01-21	5%	4%	5%	$1.32	$25.00	$31.40
	Select Sector Spdr Fund - Cyclical/transportation	XLY120121P00025000	2012-01-21	5%	5%	5%	$1.17	$25.00	$35.18
XME		XLY120121P00025000	2011-06-18	5%	5%	5%	$1.17	$25.00	$55.69
XRT		XRT120121P00030000	2012-01-21	6%	5%	5%	$1.65	$30.00	$43.63
ZMH		ZMH120121P00040000	2012-01-21	5%	4%	5%	$1.99	$40.00	$51.56

Source: ActiveValueTrader.com