Dec 31 Options Writing Trades Update

My current market outlook for the next 4 months remains sluggish to bearish. So I will continue to sell Calls into Apr. I may start to look at Feb's put but will be extremely cautious here. Having said this, no one has a crystal ball & knows for sure where the market is heading. My trading strategy remains.....Think along the lines of where the market may not be going, sell calls or puts....do not over trade, stick to the cut loss limits when the trades go against me. Stay in the game.

Here's wishing one and all a Happy & Prosperous New Year. Happy Trading!

Merry Christmas & a Happy New Year

This week, trading will most likely be lack lustre due to the holidays. In fact, the market has not really made any signifcant moves for the past 2 weeks. I am starting to look at the N225 Feb puts (5500 & below) & the Apr calls. Here's wishing one & all a Merry Christmas & a Happy New Year! May 2009 be a year of spectacular trading income!

Dec 17 Options Writing Trades Update

Japan's Nikkei average climbed 0.5 percent on Wednesday, supported by gains in bank stocks a day after the Federal Reserve slashed borrowing costs to all-time lows. I wrote additional N225 Mar 12500 Call options for 25 pts.

Dec 15 Options Writing Trades Update

The benchmark Nikkei rose 428 points Monday, nearly erasing all of the 5.56 percent loss marked on Friday, on hopes of a renewed lifeline for the auto industry. I wrote additional N225 Mar 12500 call option for 30 pts.

Dec 11 Options Writing Trades Update

The benchmark Nikkei .N225 gained 60.31 points to 8,720.55 for a four-day winning streak, however not enough to create interest & volatility in the options. We need those big moves to enter positions more favorably.

Dec 10 Options Writing Trades Update

The Nikkei average gained more than 3 percent on Wednesday after a tentative deal was reached on a plan to rescue the battered U.S. auto industry, boosting exporters such as Honda Motor Co. I wrote the N225 Feb 13000 Call Options for 20 pts.

Dec 9 Options Writing Trades Update

I wrote the N225 Mar 12500 call options for 30 pts.

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.

Nov 28 Options Writing Trades Update

US market was closed last night for the Thanksgiving holidays & as a result, Asian markets are relatively directionless Friday. If however , we have a good showing on Wall Street in the subsequent trading sessions when it reopens, Asia market will take their cue from Wall Street & follow suit. As such, it may present good opportunity to take another stab at the N225 Feb 13000 & above call options next week.

Nov 25 Options Writing Trades Update

Asian markets surge Tuesday following Wall Street's overnight rally after the U.S. government rescued Citigroup. I wrote additional Feb N225 13500 Call option for 30 pts. The Nikkei is currently up 1.5% or 315 pts.