Instant Money Trader #121

Hello Instant Money Traders.

GRMN & ATI

Good job Instant Money Traders. We successfully entered both new trades yesterday.

We were able to sell the April 2010 Garmin $20 put option (GQR PD) and the April 2010 Allegheny $20 put option (AAS PD) for an average price of $.525 for each.

Since a majority of the trades went through between $.50 & $.55 yesterday, we will take an official price right in the middle at $.525 per contract.

Electronic Arts (ERTS)

We have been working an order to sell the January 2010 ERTS $15 put option (EZQ MC) at $.25 per contract. With over 1500 contracts trading at $.25 this morning, and the handful that traded yesterday at $.25, we are calling this an official fill at this time.

CAL & SUN

With our other recent fills in the CAL January 2010 $7.50 put option (CAL MU) and the SUN January 2010 $20 put option (SUN MY), we have five open positions right now. This is more than we typically have going in the IMT service, but still all excellent trades.

Since we recently added the opportunity to sell more put option contracts in the $.25 range, we will have more open positions than before, but that just means more chances to collect good cash and have opportunities to buy quality stocks at unbelievably low prices.

Have a great weekend.

Lee Lowell