I don’t have anything specific to say about the following May08 Calls so I will just list them for the record.
I generally like to sell calls for the front month because it turns the money faster and makes it easier for me to monitor and roll out or out and up if necessary.
I had a number of Apr08 Options expire worthless allowing me to keep the entire Premium They are listed below for the record. Note that the total received may be larger than expected because the option may have been rolled out.
I sold 2 NYX Apr08 70 Calls for $100.50 in an IRA.
My basis for NYX is not 85.25 so as you may guess I don’t want it called away at 70. There appears to be little chance of that by Apr expiration though. This stock has been something of a disappointment for me (big surprise). It is encouraging that I felt comfortable selling a call only one month out this time. The last time I was 6 months out. I prefer to have money deposited in my accounts faster rather than slower. NYX does pay a .25 quarterly dividend which helps some.
