January 2nd, 2008 at 3:00 pm
I BTC 2 Mar08 40 puts and STO 2 Jun08 40 puts for a net deposit of $120.98 into my taxable account.
You may remember that I am trying to make this taxable account “more healthy” by increasing the equity position while not depositing any new cash. Other than that, I like DSX because it pays a good dividend and has pretty good option premiums and may have let this be put to me. I would then have had a basis of just under $34.00 and could then sell covered calls, probably the $40′s.
January 2nd, 2008 at 12:10 pm
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.
December 10th, 2007 at 5:27 pm
No trading for me today. I’m mostly just waiting until 12/21 for current options to expire. If I’m really lucky (I don’t expect to be) I have some DIVX Dec 20′s that might get called away. DIVX is okay but does not really match my current investment goals because it does not pay any dividends and its option premiums are not all that great. Also, I may roll out and up my FCX Dec 105 as I reported recently.
An interesting item that came to me from one of my investment advisory services is that The New York Times reports Yahoo is scheduled to begin a new online program next month for technology investors. Yahoo already has one of the more successful financial sites on the web. You can read the article here. If the link does not work from some reason, just go to www.nytimes.com and search for Yahoo.