Buy a put option with a strike above the current price of the index and write a simultaneous put option that has the same expiration month although with a lower strike.
Write-offs for option ARMs at Washington Mutual, a stumbling thrift, have zoomed from 0.49% in the last quarter of 2007 to 3.91% in the second quarter.
The cap of this pen doubles as a stylus tip, giving users the option to write with ink on paper in the iNotebook device and then quickly switch over to writing with a stylus in the app.
The university later amended the course so that students would have an option not to read the book - although those who objected would have to write a paper on why they chose not to.