Wednesday, December 15, 2010

Trade NYX - close options

NYX did fall back to (and below) its 200dma as projected

Bought the Dec 18 $30 calls that were sold 2 days ago at $.07. After commissions the trade yielded about $.24. About .8% for two days or something like 80% annualized.

The core trade remains in place.
Cost of $29/share, Collected to-date 1% div and .8% option play for 1.8% return.
This makes the break even below $28.50. That point will be a watch for a potential sale but will also monitor the position for a return to $30 toward the goal of low $30s exit.

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