This trade could turn out a few ways:
1) I hold shares until expiration and shares are trading above the strike. I will get to keep the $560 in options premiums.
2) I hold shares until expiration and shares are trading below the strike. I will get assigned 100 shares of KMI in June and another 200 shares next January. I mentioned above the outcome if this happens.
3) Shares of KMI go on a run and I decide to buy back the put early for a profit less than $560.
I currently have 10 open options positions and a total options profit of $4149 for 2013. My options page has been updated accordingly.