Jul 11 Options Writing Trades Update

The Nikkei share average edged down 0.2 percent on Friday. Before ending lower, the market had climbed in the afternoon on a New York Times report that the U.S. government may place Fannie Mae and/or Freddie Mac under conservatorship if problems at the government-sponsored entities worsen. But caution is in the air as U.S banks will be announcing earnings next week. As such, there may be more opportunity next week for options writing on volatility. I am looking at the N225 Sep 9500 Puts & the Oct 16000 Calls. Meanwhile, the N225 Jul options positions expires worthless today to close out another successful month.