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Monday, September 24, 2007

Sep 24 Options Trades Update


The Sep options writing plays ended as per in the table. For the Oct's option, I have have already written some Oct & Dec's puts as a pilot to test out the new strategy. More details to follow. Meanwhile the ACH(Sep 50 Call, except the Sep 65 Call) & STLD(Sep 45 Call) covered call plays all got called out last Friday which is a good thing. I bought additional ACH at an average price of 62.6 last Friday & am ready to write some ITM covered calls (Oct 60 Call options) this week. For Asia plays, I am still waiting for the next big upward move to write some Dec N225 Calls.

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