Jun 12 Options Writing Trades Update

Last night, I went to a "mini bar" with my brother in law Kyoichi. It was one of those joints that can seat no more than 10 people around the counter drinking & eating oden. You have to know the owner & the company to feel comfortable. It was a brand new experience for me. For the Japanese men & women who "don't like" to go home too early yet, its a nice place to seek solace from the stress of day, unwind & enjoy the company of like minded professional chit-chatting about any topics that come to mind.
Wednesday was an ugly session for Wall Street, with the Dow dropping more than 200 points as financial stocks fell on renewed write-down concerns. Oil prices surged 4.0% and commodities advanced 2.7%, which fueled increased concerns over global inflation and interest rate increases. Asian markets was a sea of red Thursday. I wrote the N225 Sep 10000 Put option for 60 pts.