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Friday, May 23, 2008

May 23 Options Writing Trades Update

I wrote the N225 Aug 17000 Call option for 15 pts when the benchmark Nikkei was trading at a high of 14157 before sucumbing to selling pressure & ended with a 0.2% gain Friday. I must say that the Nikkei is holding out very well compared to its Asian counterparts which slid down further.




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