Nov 13 Options Writing Trades Update

The benchmark Nikkei shed 456.87 points (5.3%) to end at 8,238.64, falling for a third straight day Thursday. This following Wall Street's miserable performance where Stocks sank after the Treasury backed away from using its $700 billion bailout to mop up sour mortgages and added to uncertainty about how the government plans to revive bank lending. Dismal corporate news & forecast also added to the anxiety. With that, N225 Feb's call options are now ripe for the picking whenever there is a strong rebound. I am looking at the 13000 levels and above.