Meanwhile, Wall street ended a turbulent week with a sharp gain on Friday after inflation numbers came in within expectations & an easing in oil price. The coming week isn't action packed but it will be closely watched, with earnings results from three major Wall Street banks and several potentially market-moving economic reports. As for the Nikkei 225, I am seeing good support at around the 14000 levels & thinking more upside potential next week & so will be looking to write the Sep calls (17500 and above). I will add a few more Aug puts (9750 & 10000) along the way if opportunity permits...since the premiums still look attractive to complete the Aug's income set up.

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