The US mortgage crises lingers with no end in sight & was further dealt a blow last night when BNP Paribas SA, France's biggest bank,said it froze three asset-backed securities funds because it's no longer possible to ``fairly'' value their holdings. ECB & Fed had to intervene by pumping billions into the financial systems to maintain liquidity. Asian markets were not spared today & were sharpy down.
I squared off the Oct N225 20500 Call Options for 1 pt. The Nov N225 20000 Call Options were last done at 10 pts. I wrote new Dec N225 20500 Call options for 20 pts. The actions by ECB, FED & reassurance from Bush did not appear to help Friday as market is trading sharply down again as we speak.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment