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July 2004

  Purchase Purchase Option    Sell   Sell

Days In     

Option

Stocks

   Price

Put/Call

   Date Bought   Price  Date Trade   Sold Profit/Loss
UTSI 28.30 Put 7/5/04 $290 15.00 8/12/04 38 $2400 800% Profit
ERICY 29.48 Put 7/5/04 $220 23.50 8/12/04 38 $880 300% Profit
PDLI 18.84 Put 7/5/04 $190 15.00 7/22/04 17 $570 200% Profit
MVL 17.49 Put 7/7/04 $170 13.00 7/29/04 22 $510 200% Profit
VRX 18.43 Put 7/7/04 $235 17.00 7/27/04 20 $350 50% Profit
PLCM 20.57 Put 7/7/04 $160 17.00 8/13/04 37 $240 50% Profit
NTE 23.16 Call 7/8/04 $145 22.00 7/9/04 1 $105 30% Loss
SUN 67.29 Call 7/8/04 $125 65.00 8/4/04 27 $90 30% Loss
JBHT 36.04 Put 7/9/04 $145 32.00 7/9/04 1 $290 100% Profit
GP 34.00 Put 7/9/04 $105 32.00 8/8/04 28 $155 50% Profit
UIS 10.87 Put 7/12/04 $90 10.00 8/17/04 36 $125 40% Profit
ZMH 85.21 Put 7/12/04 $220 65.00 7/29/04 17 $1100 400% Profit
TXU 38.77 Put 7/12/04 $140 40.50 8/11/04 30 $100 30% Loss
CNCT 22.77 Call 7/13/04 $230 28.00 8/17/04 35 $920 300% Profit
NCR 51.81 Call 7/13/04 $310 48.00 7/22/04 9 $210 30% Loss
ELAB 30.54 Put 7/13/04 $235 25.00 7/22/04 9 $705 200% Profit
HUM 17.31 Call 7/14/04 $135 19.00 8/18/04 35 $200 50% Profit
COL 35.01 Call 7/14/04 $180 38.00 10/4/04 82 $235 30% Profit
STT 44.95 Put 7/14/04 $135 42.00 7/27/04 13 $270 100% Profit
RHAT 15.73 Put 7/14/04 $135 12.00 9/1/04 48 $200 50% Profit
ADTN 25.56 Put 7/14/04 $265 20.00 10/6/04 83 $400 50% Profit
CC 13.47 Call 7/15/04 $175 15.50 9/29/04 76 $220 30% Profit
GD 98.45 Put 7/15/04 $130 94.00 8/13/04 29 $165 30% Profit
STX 12.50 Put