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July 2006

  Purchase Purchase Option    Sell   Sell

Days In     

Option

Stocks

   Price

Put/Call

   Date Bought   Price  Date Trade   Sold Profit/Loss
BVF 15.52 Put 7/1/06 $85 11.00 8/2/06 32 $340 300% Profit
HLTH 12.41 Call 7/3/06 $140 12.00 7/14/06 11 $110 20% Loss
FTO 32.40 Call 7/3/06 $225 34.00 7/13/06 10 $420 90% Profit
CPO 30.60 Call 7/3/06 $230 33.00 8/2/06 30 $345 50% Profit
SWFT 33.53 Call 7/5/06 $260 32.00 7/7/06 2 $185 30% Loss
RIO 24.43 Call 7/5/06 $150 23.00 7/12/06 7 $90 40% loss
VZ 34.92 Call 7/6/06 $50 37.00 9/27/06 82 $75 50% Profit
PFE 27.05 Call 7/6/06 $20 28.00 9/12/06 67 $30 50% Profit
NBR 33.90 Call 7/6/06 $200 32.00 7/13/06 7 $140 30% Loss
AHG 18.75 Call 7/6/06 $70 21.00 9/15/06 69 $105 50% Profit
RAI 118.95 Call 7/7/06 $460 128.00 7/27/06 20 $920 100% Profit
DLP 31.62 Call 7/7/06 $80 40.00 8/17/06 40 $320 300% Profit
MGM 39.98 Call 7/7/06 $70 38.00 7/10/06 3 $40 40% Loss
RJF 29.09 Put 7/10/06 $225 27.00 7/17/06 7 $500 120% Profit
LIFC 29.20 Put 7/10/06 $165 28.50 7/17/06 7 $210 30% Profit
JEC 75.97 Put 7/10/06 $275 74.75 7/25/06 15 $330 20% Profit
OKE 35.88 Call 7/11/06 $250 39.00 8/11/06 30 $500 100% Profit
GYI 55.34 Put 7/11/06 $350 45.00 7/28/06 17 $1050 200% Profit
PBG 33.96 Call 7/12/06 $80 35.00 8/31/06 50 $90 10% Profit
EYE 52.04 Call 7/12/06 $225 50.00 7/14/06 2 $160 30% Loss
EOP 37.87 Call 7/13/06 $95 37.00 8/14/06 31 $75 20% Loss
A 28.50 Put 7/13/06 $120 28.00 8/4/06 22 $95 20% Loss
RL 49.64 Put 7/13/06 $310 46.00 7/18/06 5 $465 50% Profit
RHI 36.57 Put