Sep 4 Options Writing Trades Update

The Nikkei index slipped 1.1 % on Thursday as further signs of a slowing global economy from the euro zone to Japan hit sectors, such as technology, that rely on exports. I will be more cautious on taking on the Puts for Dec. Dec's calls are also not ideal right now in that the 15500 calls premiums aren't that attractive Vs the risk & if we were to move further to the 15000 calls, it increases the risks. So it is tough to trade on days like this. We will have to see some major moves first before dipping our toes in.