Jul 9 Options Writing Trades Update

Wall Street rebounded Tuesday following a late session rally as financial stocks soared and crude prices plummeted. The Nikkei stock average pared much of its earlier gains to end up 0.2 percent on Wednesday after a report that Iran had test-fired missiles, raising fears about a jump in oil prices on heightened tensions in the region. The volatility does provide some opportunity to write options here. The N225 Sep 9750 Puts & the Oct 16000 Calls are still attractive.