Sep 30 Options Writing Trades Update

The Nikkei average slid 4.1 percent to hit a three-year closing low on Tuesday after U.S. lawmakers rejected a $700 billion bailout plan which caught Wall Street off guard. The benchmark Nikkei shed 483.75 points to 11,259.86, the lowest finish since June 2005. It earlier lost nearly 5 percent. In fact most Asian markets came off their day's low reflecting optimism that Congress may still act this week to approve an economic rescue plan. Wall Street rebounded Tuesday but whether it can pull through the day remains in question. We are now in a critical moment to say the least.