Dec 31 Option Trades Update

Wall Street ended a painful year with another steep loss Monday & it appears that 2008 would continue to bring more uncertainty & turbulence seen in 2007 as overarching concerns about the economy continued to weigh on investor sentiment. The strategy for 2008 would be to trade light on assets(i.e selective buying of stocks & covered calls plays) but focuses more on writting index futures options on volatility especially Nikkei 225 which has worked very well in 2007...generating almost 100% returns against the account. For those covered call positions already in placed(C, NVDA, HPQ, DELL, GG, HGSI) , continue to write secondary calls options. Here wishing everyone a fantastic 2008! Its up to ourselves.