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.

I had a number of Mar08 Options expire worthless allowing me to keep the entire premium.  Here they are for the record:

• 2 DF 30 Calls
• 2 DF 22.50 Calls
• 4 DIVX 17.50 Calls
• 4 DIVX 15 Calls
• 17 ENT 2.50 Calls
• 3 ETFC 6 Calls
• 9 FBR 5 Calls
• 6 GGC 7.50 Calls
• 2 IMB 7.50 Calls
• 2 IR 52.50 Calls
• 1 MNST 30 Call
• 2 MO 75 Calls
• 2 NVDA 30 Calls
• 2 NYX 90 Calls
• 3 S 11 Calls
• 2 T 32.50 Puts
• 1 CLF 110 Put
• 4 ALSK 12.50 Puts
• 1 WM 20 Call
• 4 YHOO 32.50 Calls

I’ve written about all of these in prior posts.  Enter the stock symbol in the search box to see earlier postings.  I will write a little more on ENT in a minute in a separate post.

I BTC 2 NYX 80 Put and STO 2 NYX Jun 80 Put for a net deposit of $310.98 in an IRA.  If put to me I would own these NYX at 68.04 as a result of the summarized premiums I have collected from each roll out.

NYX keeps going down and I should probably be buying puts on it but my psyche just does not do as well buying puts (or calls) as when I sell them.  So, I continue doing what is more successful and comfortable for me.  One day I will probably be put these shares at which time I will start collecting the dividend and selling covered calls on them.  If I were put these today, Apr08 80 Calls would return an annualized 18.32% based upon my basis.