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Tuesday, September 2, 2008

Sep 2 Options Writing Trades Update

The benchmark Nikkei ended down 224.71 points to 12,609.47, after gaining as much as to 12,920.52. For most of the day, the market moved in a narrow range. It showed little reaction to Prime minister Fukuda's abrupt resignation as investors were still grappling with its implication. I am looking to write the Dec's call options this or next week. Nov's put still looks attractive.

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