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Wednesday, October 17, 2007

Oct 17 Option Trades Update

Asian markets traded mixed today. STI reversed its losses at the last 2 hrs of trading to post a 29 pts gain. UK market is trading in modestly higher & US futures are also up pointing towards a possible higher start for Wall Street tonight. I am looking to pick up a few counters for covered call plays for Nov. Tech stocks perhaps with Intel posting good results. If this trend continues & if other corporate earnings reports coming out holds well, Asian markets tommorrow might follow suit & might present new opportunities for more N225 plays. We shall see.

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