The weak opening to the market today gave me an opportunity to do a little bottom fishing in Carnival. The option proceeds on these September Puts will give me a cost base of $33.80 on the stock if the shares are assigned to me. With a dividend of $1.60, I will get a 4.7% yield on my investment base should I continue to hold the shares after assignment. Since this stock is sensitive to the price of fuel, it also works as a good hedge against my energy sector positions.