Blame it on RIO

I have never before heard of this company or thought about the stock symbol RIO.  But that was before and this is now, and now it’s time for me to take a gamble with RIO.

There’s nothing wrong with being a sheep, as long as you are being fed and treated well (when someone wants lamb chops, the sheep never complain).

Buy:
RIO Mar08 $30 put (RIOOF), 1 @ $2.20
   stock price when entered $32.50

There’s probably a reason that there were over 11,000 puts for this time/date.  I’m not sure what it is and to be honest I don’t care, as long as I get a little profit out of this one option.  I’ll be happy making lunch money here (about $50), so don’t follow me on this one.