Investing Adventures » NYX http://investingadventures.com Having Fun with Options Sat, 27 Mar 2010 11:14:42 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Daily Recap – May 20, 2008 http://investingadventures.com/2008/05/daily-recap-may-20-2008.html http://investingadventures.com/2008/05/daily-recap-may-20-2008.html#comments Wed, 21 May 2008 11:57:12 +0000 Jorge http://investingadventures.com/?p=486 I know.. yesterday’s update is a tad late.  Had some personal business to attend to which is carrying over into today.  If everything goes as planned, things may change around here much sooner than I anticipated but we’ll see.  Anyways, here’s a quick recap of yesterday’s events:

Trades Taken

  • 1xNQ
  • -1x V Jun 95 Call
  • -1x NYX Jun 75 Call

Profit / Loss for the Day / Open: -$18.00 / -$37.50

NYX is the subject of a heated debate on the Option Addict boards.  Personally, it violated the main reason I entered so I exited.  As for Visa, the chopfest the past 4-5 trading days ate the time value in my option.  In order to be profitable, I would need Visa to jump about 8 points over the next week or so which, with the current state of the market, doesn’t appear to be likely.  In the event Visa breaks out of the range it’s been trading in, I’ll go ahead and jump back in.  My futures trading saved my portfolio with a short off the NQs for a $70 gain, bringing my portfolio to near even in spite of being heavily bullish.  Pays to be diversified, regardless of what your account size is!

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