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Tuesday, September 25, 2007

Sep 25 Options Trades Update

Last night, I wrote the Oct 60 call option at a premium of 8.90 for ACH(bought on average for 62.6). This would yield a call return of 10% for a 4 weeks play. Not bad I must say. I still have a couple of ACHs which I have yet to write call against. Looks like it might be tonight given that market across Asia is down today, FTSE is now trading in negative territory & US futures are also heading for lower open. For this 2, I will probably go for the Oct 65 Call Option. As for the Japan market which just came back from a holiday on Monday, the market rose modestly & I wrote the Dec N225 19500 Call Options for 15 pts.

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