US Put Option Buys HBR + HD

Bought puts in Home Depot + HBR

Both stocks have had active recent put buying.
The markets  in general are due a pullback.
Might be a good time for some downside protection.

The subprime loan defaults theme is the potential catalyst to bring down HBR.

Contract = (HRB-N) Block H & R apr07 2250 Put
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 5
Price = $.73
Gross = $365.00dr
Net = $415.00dr
Trade Date = 09 Feb 2007
Settlement Date = 12 Feb 2007
Expiry Date = 20 Apr 2007

Home Depot is perceived to be offering less in the way of customer service
than some of it's rivals

Contract = (HD-N) Home Depot may07 40 Put
Exchange = PHLX Options (Agent)
Currency = USD
Type = Buy to Open
Quantity = 4
Price = $1.26
Gross = $504.00dr
Net = $544.00dr
Trade Date = 09 Feb 2007
Settlement Date = 12 Feb 2007
Expiry Date = 18 May 2007