Pick for February

I decided to sell 4 Puts of HOGS at a $17.50 strike price for February.  Costing potentially $7000.

If you look at the table on the "Stocks and Stock Options" page you may notice three (***) asterisks following the quantity of contracts that I sold.  I wrote this in as an indicator that I bought and/or sold some of my contracts on margin.  Meaning I obtained more than what my current balance could purchase.  This allowed me to make a little more money.  I did this because I wanted to test out using Other People's Money (OPM), to make more money for myself.  As a precaution, I did not spend more than what I could cover from my emergency savings.  It worked out well for me last month when I sold CZZ Puts, so I thought I would give it a try again this month.

I am keeping my fingers crossed that HOGS does not fall below $17.50 this month.  I read that South Korea has been importing pork due to Foot and Mouth Disease in their herds, so I thought this might cause the price of pigs to go up.  Also, my charts show that the stock is close to being under bought.