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Monday, August 6, 2007

Aug 06 Options Trades Update

In the Japan market, I sold additional Nov N225 20000 Call Options for 20 pts today. I am still waiting to square off the N225 Oct 20500 calls for 1pt which was last done 2 at pts. In the US market, I sold Sep ER2 950 Call Options for 0.2 pts. ACH & STLD are down much from their original purchase price along with the overall market sentiments. The usual thing to do is to write secondary calls in Sep as per the covered calls strategy.

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