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Wednesday, August 8, 2007

Aug 09 Options Trades Update

The dust with the mortgage crises appeared to have settled somewhat in the US market & the key indexes were up again last night. It was another day of volatile trading nonetheless. I took on additional ACH covered calls positions.... bought on average at $45.75 & sold the Sep 45 call options at $4.2. This will result in a called return of 7.5% for 6 weeks. The sentiments in the US are also seen carried over to the Asian markets today...with the major indexes also up. As the N225 index is up some 200+pts this morning, I am now joining the offer to sell the Nov N225 Call Options for 20 pts. Not filled yet.

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