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Monday, June 23, 2008

Jun 23 Options Writing Trades Update

Asian stocks tumbled Monday. The Nikkei lost 84 pts & closed at 13857 but was off its low of 13667 or -275 pts from previous close. According to some analysts, Japan's business outlook remains steady with growth in Asia.... its not good in the US but its bottoming out plus the yen is weak. But of course, sudden oil spikes & poor exports performance could change all these. Nonetheless, volatility is expected in today's markets.

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