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NYSE Euronext, Inc. Message Board

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  • new_millenium_profits new_millenium_profits Feb 9, 2007 6:38 PM Flag

    God 101 looks great now.

    Goldman,

    I have mentioned before. I bought several thousand shares back about the time Cramer first mentioned this in the $98 range. I sold those near the $109 - $110 area. I started building back my position around $106 and have added to it all the way down. I now have several thousand shares with an average price of about $102 - $103. I have also been buying Jan 08 100 Calls in equal amounts to the equity shares. I have also been selling Jan 08 95 Puts in equal amounts to the calls.

    My theory is I feel confident that NYX is going to be one of the stocks of the year and this process of building a position gives me the ability to participate in the long term upward movement without paying the high margin costs. My short puts premiums collected just about equal what I paid for the calls. If the price stays below $95 by next January, I will be exercised to buy NYX shares essentially doubling my position at a strike price of $95. If the price goes up above $100 I will exercise my $100 calls and double my position at the time and as said before, the put premiums will offset the call premiums so I will have about a base cost of $100 on the new shares purchased.

    I said earlier today I had talked to my daughter about NYX and she bought 17 shares for her small account at a price of $105. She is holding tight.

 

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