Sell Dec 170 Put RSA Royal & Sun Alliance Ins

RSA is fairly cheap - PE c10
+ possible buyout target
+ good chart.

Idea of selling Dec put is to allow for a bit of summer sellof
which may or may not happen. Small amount traded for same reason.

Idea is to let put run to expiry.

Contract = (RSA) Royal & Sun Alliance Ins dec07 170 Put
Exchange = LIFFE London International Financial Futures Exchange
(Principal)
Currency = GBP
Type = Sell to Open
Quantity = 1
Price = 12.75p
Gross = £127.50cr
Net Credit = £103.20cr