Retirement Income

Stocks and Options

January 2nd, 2008 at 12:10 pm

Dec 07 NYSE Group, Inc. – NYX

Two NYX Dec07 70 puts expired in December.  I originally sold these puts in August 07 when the stock was just above $70 for $810.49 in an IRA account.

I have not resold these NYX puts but as I write this the stock is off its recent highs at just over $85.  There has been recent support at $80 so I will watch this one and may sell some $75 or $80 puts for Feb or Mar.

I currently own 200 shares of NYX with Mar08 90 calls written against them.  I also have sold 2 NYX Mar08 85 puts and 2 NYX Mar08 80 puts.

This is a stock that Cramer has great faith in.  In his most recent book he says that this may well be a $200 stock within the next few years.

You must be logged in to post a comment.