I just sold the April AT 7.50 put @.90. I received a net of $261.00 for the position. Worse I could pay for the stock is now $6.60. Option traders might take a look at this trade.
How much was the brokerage fee? How much did you put in your account for "to cover" insurance?
No insurance. It is a naked position. The spread for that same option is now .75 - .90. The spread was only a nickle when my position was filled.
I use Scottrade Options First so that trade cost $9.00 dollars. I took home $261.00 including the commission.