Jun 8 Options Writing Trades Update

It was quite a week(2 - 6) for the markets with volatility seen across-the-board. Stocks were volatile. Bonds were volatile. The dollar was volatile. Commodities and especially oil -were volatile. The end result for the stock market is that it gave back the prior week's gains as it struggled to overcome renewed angst about the financial sector and a stunning spike in oil prices that culminated in new record highs. The Nikkei 225 ended the week higher despite all but is still down 4% for the year. There is good support at the 14000 levels as institutional players are making selective buy of Japanese stocks which are now relatively cheap . The indices that I tracked: