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Wednesday, April 23, 2008

Apr 23 Options Trades Update

Although the Nikkei ended overall higher last week as with other major indices, the 1st 3 days of trading this week suggests that the bearish to at most cautiously optimistic undertone remains. I am looking to shore up on N225 Jul's calls & Jun's puts when opportunity arises this week. You probably noticed that I am taking my time especially on the Jul calls & the reason is because my Jun calls position are currently trading at higher premiums Vs when they were sold, against me. I need to watch those closely for stop-loss triggers. Usually by now, I would have sold the Jul options had it not been for the recent stronger than expected surge.

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