A few stocks have held up through the European financial crisis and Wall Street’s unfavorable reaction to recent jobs and economic data. Among them is one of the largest and fastest-growing retailers in the world: Amazon.com (NASDAQ:AMZN).

Some investors don’t like owning Amazon shares — the company is growing on the order of 30% plus per year, but profits are anemic. And the Street has a mixed view of the stock, while income investors hate that the company doesn’t pay a dividend.

But income investors can create an Amazon dividend by selling weekly put options.

Right now, AMZN shares are priced around $212. The stock, as I said, has held up well, and $205 has been a line in the sand during chaotic days. So, sell this week’s $205 puts. You should get around $1.08-$108 a contract. If they expire worthless, you net about half a percent. While that might not seem like a lot, multiply that by 50 weeks and that is 25% per year.

If this strategy appeals to you, also take a look at Research In Motion (NASDAQ:RIMM). It’s a terrible company, and the stock has collapsed, as well it should.  You could have made a small fortune shorting RIMM with puts, but volatility has created some ridiculous premiums for puts for you to sell.

RIMM shares are just under $10, so you can get a half-percent return selling the June Week One $9 RIMM Puts that expire in a couple of days. This is a pure technical trade — you do no not want to be put the stock — but if you are a chart follower and 50 times a half-percent is to your liking, take a look at RIMM.

For purposes of disclosure, Michael Shulman owns Amazon.com shares.

Michael Shulman is editor of Options Income Blue Print. Learn more about trading weekly options in this free short video.