Dec 24 Option Trades Update

With Santa Claus coming to town in this week, plenty of participants are expected to remain sidelines. This week is light on scheduled events as the business of Wall Street will take a backseat to the business of Main Street. It's worth noting, too, that Monday today marks the start of what has been labeled the Santa Claus Rally period. It has been observed by the Stock Trader's Almanac that the period covering the last five trading days of a year and the first two trading days of the new year often produces a respectable rally. I am already set up for Jan, with some Jan covered call positions (C, HPQ, NVDA, Dell, GG, HGSI)hoping to capitalise on the rally if any.... For the longer haul, I also have EWS positions being still bullish about the Singapore economy. I will be looking out for opportunity to write Mar N225 call options early next year(18000-18500)......while the Feb's Call options are almost homesafe. Meanwhile, I wish one & all a Merry Christmas & A Happy New Year. May 2008 be a fruitful year!!