NYSE Euronext (NYX) is back in play

NYSE Euronext (NYSE: NYX) is fun to watch.  I read a good article today on thestreet.com and thought I’d pass it along - http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10357593.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

I own 100 shares of NYX and have a covered call with a June 90 strike.  The way James Altucher tells it I should buy my call back and hang on for the ride back up to 100 this week.  I sold the call for $5.10 and it’s trading at $1.95 now.  Taking the hefty profit could be nice, but I think I’ll fair better by waiting to see if NYX gets to 90 before expiration.  I’ll pay more to buy it back later, but will have the gain from the stock at the same time. 

Oh, worth mentioning - Grupo Televisa SA (NYSE: TV) is above 30 as I predicted.  So far, selling the ITM put was the right move.  I have a long way until expiration though.

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1 Comment

  1. Comment by Kadena

    I hope waiting on your profits here works for you. Sometimes i accept lower profits Now, vs more Later, because i can cash out and reinvest in another opportunity, or just feel better about it you know. Also, from yesterday, not sure i understood the 200% levels of investment you referred to, but i hope your margin is not too high. The first figures looked right 35 and 52, about % i like to use. Well, AMAT went up a hair, i hope it chills out…

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I am not a financial advisor and am not certified to give financial advice. Trade using your own research at your own risk.


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