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Wednesday, October 10, 2007

Oct 10 Option Trades Update

US market rallied stongly last night. Asian markets traded mixed today though & this pullback is expected after yesterday's rally. Japan market appears cautiously bullish, up some 0.1% only & this works for my N225 Dec naked Call Options play where the premiums are now on par with what I sold them for. But of course, anything can happen here & thats why traders trade. UK market is trading sideways as we speak & Wall street appears to head for moderate lower opening 1 hour from now & again, no surprise here given yesterday's record high.

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