INFY - 6.7% win on a Dow Down Day

The day looked promising at the start, with Bank of America (BAC) confirming the rumored purchase of Countrywide Financial (CFC). However, investors had other things boggling their minds:
1. American Express (AXP) taking a fourth-quarter charge,
2. The New York Times reporting that Merrill Lynch (MER) may have to deal with a substantial write-down in the fourth quarter.

The end result of all this news was a rather sizeable drop of 246 points from the Dow.

For me, I entered into Infosys (INFY) yesterday on this Dow Down Day (DJIA dropped 240+ points). I entered at 1am (Singapore time); I couldn't stay awake till a decent profit take and thus, I placed my profit take and went to sleep.

INFY Jan'08 40 Put (IUNMH) - Enter @ 0.75, Predetermined Exit @ 0.80 (6.7% profit)