Selling the July $3 put @ $.30: 10% yield, 17% annualized, over 30% downside protection.
seems a good place to park some cash for high yield reasonably safe. I doubt it's going to be trading anywhere close to the $3.
I like your optimism and sold last month 100 Jan 16 puts (3 strike) for $1 each. If it stays above 3, it's a 50% return in 2 years. GLTA