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Friday, August 15, 2008

Aug 15 Options Writing Trades Update

The Nikkei average rose 0.5 percent in holiday-thinned trade on Friday but overall, still a lower week compared to the last. Looking ahead, next week, the Nikkei might trade higher at least in the early part of the week with trading activity resuming as folks return from their holidays, as yen softens, as oil continues to trend lower and after Wall Street broke its recent losing streak at last night's close...& looks set to repeat the same positive outcome on Friday. That said, the market still lacks a catalyst & it may be trading in a range for a little while still. I am looking to add a few more call positions to complete Nov's income set up when opportunity presents.

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