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Friday, July 13, 2007

July 13 Trades Update

Last night, I sold some Aug ER2 950 calls for 0.2 pts & additional Aug 640 puts at 0.15 pts too. Next week the Jul options will expire & I expect smooth sailing all the way. I am still looking to set up more Aug ER2 & covered call plays next week to hit the income target for Aug for the US accounts. On the Asian front, I sold additional Sep N225 20500 calls for 20 pts & for that completed the income target for Sep for the Asia accounts. I will also start looking out to open Oct N225 21000 or 21500 calls for Oct's income next week.

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