Company Name

Stock Symbol

Stock Price

# of shares

Total Cost*

 Option Symbol

 Aug Option Price

Income from sale*

Strike Price

Projected return if Called after one month*

Actual 

$ 

return*

Actual 

% 

Return*

NCS Healthcare

NQWHH

$0.6875

Not called in August. Did not sell Sep7.5 at GTC $0.25. Sold Oct5 at $0.3125.Not called. Holding. Sold all shares at $3.00 to close out position.

Inspire Ins

INSP

$0.4375

Not called in August. Sold Sep12.5 at $0.625. Not called in September. Sold Oct12.5 at $0.375. Not called in October. Bought equal amount of shares at $3.6875 averaging price down to $6.94.  Sold Nov7.5 at $0.25. Not called in November. Sold Dec7.5 at $0.25. Not called in December. Sold Jan7.5 at $0.25. Not called in January. Sold Mar5 at $0.25. Note that we have lowered the strike price. Not called in March. Holding. Sold Jul5 at $0.25. Not called. Holding. Sold all shares at $3.00 to close out position.

Prison Realty Corp

$0.4375

Not called in August. Sold Sep12.5 at $0.5625. Not called in September. Sold Oct12.5 at $0.50. Not called in October.  Sold Nov12.5 at $0.25.Not called in November. Sold Dec12.5 at $0.25. Not called in December. Holding. Sold Feb10 at $0.375. Note that we have lowered the strike price. Not called in February. Bought an equal number of shares at $4.00 averaging down to $7.46875. Sold Mar7.5 at 1/4. Not called. Holding. Sold all shares at $3.00.

SLI Inc.

SLI

$26.25

300

$7,970

$0.9375

$281

30

16%

Not called in August. Sold Sep30 at $1.00. Not called in September. Sold Oct30 at $.50. Not called in October.  Bought similar amount of shares (300) at $11.875 averaging price down to $19.06.  Sold Nov20 at $0.50. Holding. Sold Mar15 at $0.5625. Note that we have lowered the strike price. Not called in March. Sold Apr15 at $1.00. Not called in April. Sold May15 at $0.50. Not called in May. Sold Jun15 at $0.4375. Not called in June. Sold Jul15 at $1.00. Not called July. Sold all shares at $11.563 to close out position.

Rainbow Technologies

RNBO

$11.1875

800

$9,045

RQOHV

$0.5625

$450

12.5

16%

Comments:

Not called in August. Sold Sep12.5 at $1.00. Called in September at $12.50.

Orthodontic Centers

$1.00

Called in August at $15.00.

$0.625

Not called in August. Sold Sep12.5 at $0.25. Not called in September. Sold Oct12.5 at $0.25. Not called in October.  Sold Dec 12.5 at $0.50. Not called in December. Bought a like amount of shares at $4.875 averaging price down to $8.1875. Holding. Sold Mar7.5 at $0.25.Not called in March. Sold Apr5 at $0.5625. Note that we have lowered the strike price. Not called in April. Sold May5 at $0.25. Not called in May. Sold Jun5 at $0.3125. Not called June. Sold Jul5 at $0.50. Called in July at $5.00

Earthgrains

EGR

$1.50

Not called in August.  Sold Sep30 at $0.875. Not called in September. Sold Oct 30 at $0.50. Not called in October.  Sold Nov30 at $0.25. Not called in November. Holding. Sold Mar17.5 at $0.50. Note that we have lowered the strike price Not called in March. Sold Apr17.5 at $0.50. Not called in April. Sold May17.5 at $0.56259. Not called in May. Sold Jun17.5 at $0.50. Called in June at $17.50

Wackenhut Corp

WHC

500

WHCHD

$1.125

$563

20

15%

Not called in August. Sold Sep20 at $1.00. Not called in September. Holding. Bought an equal number of shares at $9.00 averaging down to $13.65625. Sold Mar15 at $0.25. Note that we have lowered the strike price. Not called in March. Sold Apr12.5 at $0.25. Note that we have lowered the strike price. Not called in April. Holding. Sold Jun12.5 at $0.56525. Not called in June. Sold Jul10 at $0.375. Note that we have lowered the strike price. Not called in July. Sold all shares at $8.25 to close out position.

Timberline Software

$1.125

Not called in August. Sold Sep17.5 at $1.50. Called in September at $17.50.

All positions closed out in October with value down ($12,657).