Oct 29 Options Writing Trades Update

Stocks in Europe and Asia extended a global rally Wednesday as rate-cut hopes bolstered investors. Japan's Nikkei average climbed 7.7 percent in volatile trade. BOJ appears to be joining the bandwagon for considering rates cut too. Even if the BOJ did cut rates, that wouldn't improve economic fundamentals, leaving the market still at the mercy of supply and demand, and currency moves. Its more likely a technical rebound given that the market has oversold big time. I am not about to go back to the puts yet. Not yet.