Oct 11 Option Trades Update

Asian stock markets raced ahead with their post-credit shock rally on Thursday and Wall Street looked set to join them which opens in 30 mins time. The Nikkei rose 1.6 percent to end at its highest in nearly two and a half months on Thursday. STI also rose 1.6% & is 31 pts shy from its 52 weeks high of 3906. This certainly bodes well for the EWS (ETF) positions. On the other hand, the N225 Dec Naked Call Options are not doing too good with the premiums now higher than what they were sold for. The US Covered Calls & ER2 positions will do well if this october rally continues.