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Sunday, November 18, 2007

Nov 19 Option Trades Update

This week's activity will be cut short by the Thanksgiving holiday on Thursday and a half day of trading on Friday. Minutes from the Federal FOMC's Oct. 31 meeting are scheduled for release Tuesday & might be something to watch out for. Meanwhile, Asian markets are trading mixed, in tight ranges & appears uncertain. Japan's Nikkei average reversed earlier gains and extended its losing streak to the third straight session on Monday. The N225 Jan 19500 call options positions were last done at 2 pts(sold for 20 pts) which I am looking to square them off at 1 pt. I was on the queue to write Feb 19000 calls but did not get the price I want.

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