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Sunday, November 30, 2008

Dec 1 Options Writing Trades Update

There was no rally to be seen on the 1st trading of the month. It simply lacks the carry through & fizzles out as the Nikkei lost 1.4% against a backdrop of thin trading volume. US Employment data is scheduled to be released on Friday & the fate of the big 3 car makers remains unknown leaving investors to stay on the sidelines. I am looking to pick up some opportunistic puts(buy) positions. Dec 6000 Puts & above.

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