I squared off the Dec N225 20500 call options for 6 pts on Sep 13 Thu. With the Fed's possible announcement of interest rate cuts on Feb 18, this might give world markets a boost in the short term. I will be buying back to close selected & partial Sep expiring covered call positions especially ACH(Sep 65 Call) which has decayed to some 80% of its premium value & possibly look to write secondary ones for Oct expiry.
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Sunday, September 16, 2007
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