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Wednesday, December 31, 2008

Dec 31 Options Writing Trades Update

My current market outlook for the next 4 months remains sluggish to bearish. So I will continue to sell Calls into Apr. I may start to look at Feb's put but will be extremely cautious here. Having said this, no one has a crystal ball & knows for sure where the market is heading. My trading strategy remains.....Think along the lines of where the market may not be going, sell calls or puts....do not over trade, stick to the cut loss limits when the trades go against me. Stay in the game.

Here's wishing one and all a Happy & Prosperous New Year. Happy Trading!

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