Jul 7 Options Writing Trades Update

Alas, the Nikkei stock average climbed 0.9 percent on Monday on a softer yen and gains in other Asian markets, breaking its longest losing streak in more than half a century. I wrote the N225 Oct 16500 Calls for 15 pts. With this thin volume, the market can easily make a quick upward move with only some investors unwinding their short positions. According to some analysts, there is no compelling reason in terms of fundamentals to buy stocks now. The market bias is still one of sluggish/bearish to sideways movement, but this is just my view.