Three Sprint Dec07 17 calls expired and I sold the Feb07 17 calls for $79.75 into an IRA account.  I now own this stock at $20.65 so I do not want them called away.  I will monitor and roll out if necessary.

The stock pays a small dividend (.10 per year) so the options are worth more than the dividend.  I will continue to sell calls on this stock and, unless something turns around at Sprint, I will probably let it be called away at some point.

If I remember correctly, I originally got into this stock because of an analysis that Jim Cramer presented last July.  Needless to say, the story on this stock has not turned out as anticipated.  I’m currently making about an 8% return on this stock but that is below my target of 20%.

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.