Sep 8 Options Writing Trades Update

Monday saw "Strong" forces at play here that triggered a welcome rebound of the Nikkei, up a whopping 3.4%, erasing last Friday's losses by way of the U.S. government's bailout of mortgage finance companies Fannie Mae & Freddie Mac. It must be pretty desperate as the announcement came out over the weekends with folks working overtime. One cannot help but to feel that there were some over-arching agenda to shore up the slumping housing market and to ward off more global financial market turbulence but the question is what is it? How long can this last? Till after the presidential election in Nov? Your guess are as good as mine.