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Thursday, November 13, 2008

Nov 14 Options Writing Trades Update

The Nikkei gained 2.7% Friday, but was off its high after Wall Street rebound sharply despite negative & bleak signals about the economy. Investors were caution nonetheless ahead of the G20 meeting this weekend. I am looking at the Feb N225 13000 calls and above. There is perhaps no hurry as there is always a chance of a year end rally to make them more attractive & plus the market has oversold so much already. But of course, no one knows. Anyway, I will be taking on positions now & then.

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