Sep 26 Options Writing Trades Update

The benchmark Nikkei shed 113.37 points to 11,893.16, its lowest close since Sept 18. Trade remained on the light side throughout the week, with investors sidelined as negotiations about the $700 billion bailout plan fell into disarray after a contentious White House meeting. Nonetheless, the market biasness appears more towards the bill being passed with some sort of bail-out plan imminent. As such, we can see that the N225 Dec Calls are still pretty much holding their grounds much to my dismal. In the short term, its likely that there may be some relief rally, but then reality may set in thenafter as the economic conditions are very weak. I hope the reading is right of course. In any case, I dipped my toes back into the market today by selling some N225 Oct 10000 Puts for 20 pts.