Trade: Selling the $RIG oct 46-45 Put Spread for $.50
Risk: $50 per 1 lot
Reward: $50 per 1 lot
Notes: Paper sold 3500 RIG Oct 46 Puts for $1.70
UPDATE 9.21.2012 With a Nice Rally higher after Paper sold the Oct 46 Puts, these Put Spread are now worth $.28, almost good for a double.