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Wednesday, November 7, 2007

Nov 8 Option Trades Update

After last night's US stock market's plunge, Asian markets also experienced sharp declines across the board Thu. Meanwhile, the US$ the dollar swooned amid speculation that China will seek to diversify some of its foreign currency stockpiles beyond the greenback. Yen, along with other major currencies are trading higher against the Dollar & this has caused the premiums to the N225 Jan 19500 Call options to remains somewhat unchanged(last done 6 pts) despite the 400 pts drop in the Nikkei 225 index so far(12:56 pm Sin).

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