Use of PUTs for income in IRA's.

I use PUTs in IRA accounts for income and to maintain at least some conservative investment positions. All PUTs are written out of the money (OTM) (Strike price is lower than the stock price when the PUT option is sold).

Goal with these options is 12%+ annualized return on the option. These options are usually sold 3+ months into the future.

Recent trades

4/18/2011 BAC Jun11 $12 $ .35 AY 16.5% WD: 37 CD: 56
4/6/2011 BRK.B May11 $80 $1.35 AY 13.3% WD: 38 CD: 47 Clsd 5/20 CAY: 8.2%
3/11/2011 BRK.B Jun11 $80 $2.11 AY 9.6% WD: 27 CD: 54
3/11/2011 HPQ May11 $39 $1.09 AY 14.0% WD: 30 CD: 22 Assigned
2/15/2011 SNY Jun11 $32 $1.80 AY 16.4% WD: 30 CD: 6 Clsd:5/9 $.10 RAY:22.6%
1/24/2011 BAC Apr11 $13 $ .49 AY 16.1% WD: 30 CD: 25 Clsd:4/15 $.15 RAY:10.4%
5/20/2011 BRK.B Sep11 $77.50 $2.57 AY: 9.9% WD: 40 CD: 44

CD values updated 5/20/2011 after close.