Jul 1 Options Writing Trades Update

The benchmark Nikkei average fell 18.18 points to 13,463.20. It fell for a ninth straight day, its longest losing streak since September 2004. During extended trading, the N225 Sep futures fell further signalling more pressures ahead. The US futures are pointing to sharp drops on the open tonight as we speak. Meanwhile, the FTSE is trading in severe negative territory. With higher oil prices, & a firmer yen, its not unexpected that there will be difficult times ahead for the Japanese market.