Jan 14 Options Writing Trades Update

While the broad strokes are known, many factors remain unclear regarding how bad the economic situation will pan out for 2009. My mid term view (till June) about the market remains bearish to sideways trending. I will continue to sell calls into May & may dabble into a few near month Puts options where the situation permits. I wrote limited N225 Feb 5500 Put for 13 pts yesterday.