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Friday, October 10, 2008

Oct 10 Options Writing Trades Update

Japan's Nikkei stock average dived 9.6 percent on Friday, its biggest one-day loss since the 1987 stock market crash, on growing fear the financial crisis will spark a global recession. The benchmark average's drop of 24 percent for the week was more than double the weekly drop right after the 1987 market crash. Panic selling ripples across global market as fears cascade. There is no end in sight. I wrote the N225 Jan 13500 Call & 13000 Call for 20 pts & 25 pts respectively.

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