Meanwhile, all eyes are on the US stimulus package to see how things will unfold. I am looking to sell some N225 May call options (11000 & above) & possibly some Mar puts from next week onwards on volatility.
Tuesday, January 27, 2009
Jan 28 Options Writing Trades Update
Market is sideways moving pretty much lately. The bottom line is the path of least resistance for this market is still down—and may be for quite awhile. If we think this earnings season is bad we’ve still got first quarter earnings to get through in April and they are likely to be a whole lot worse than what we are seeing right now. My mid term view till Jun remains the same, bearish to sideways and the trading strategy remains- Sell Calls.
Meanwhile, all eyes are on the US stimulus package to see how things will unfold. I am looking to sell some N225 May call options (11000 & above) & possibly some Mar puts from next week onwards on volatility.
Meanwhile, all eyes are on the US stimulus package to see how things will unfold. I am looking to sell some N225 May call options (11000 & above) & possibly some Mar puts from next week onwards on volatility.
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