Buy 300 shares of GTX INC (GTXI) at $15.76  (closing last trade price) and sell 3 contracts of GQH FX (Jun$22.50) at $0.80 (closing bid price) expiring on 6/21/2008. Cost is $4,748, and income from sale of the calls is $226 and includes your commissions.  Annualized return if called is 489%.

Comments:

Not called on June 21. Holding waiting for better call premium.  Price at $15.40 and value at $4,845 on June 21 including sale of all calls, up 2.1% Not called on July 19. Price at $16.76 and value at $5,253 , up 10.6% on July 19 including sale of all calls. Sold all shares at $16.76 to close out position.

Buy 300 shares of GTX INC (GTXI) at $15.76  (closing last trade price) and sell 3 contracts of GQH FD (Jun$20.00) at $1.25 (closing bid price) expiring on 6/21/2008. Cost is $4,748, and income from sale of the calls is $361 and includes your commissions.  Annualized return if called is 354%.

Comments:

Not called on June 21. Holding waiting for better call premium.  Price at $15.40 and value at $4,845 on June 21 including sale of all calls, up 2.1%

Not called on July 19. Price at $16.76 and value at $5,389 , up 13.5% on July 19 including sale of all calls. Sold all shares at $16.76 to close out position.

Buy 300 shares of ASCENT SOLAR TECH INC (ASTI) at $14.72  (closing last trade price) and sell 3 contracts of SUH FW (Jun$17.50) at $0.60 (closing bid price) expiring on 6/21/2008. Cost is $4,436, and income from sale of the calls is $166 and includes your commissions.  Annualized return if called is 230%.

Comments:

Exercised get out price at $12.51 on May 30 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,889, down (12.3%).

Buy 100 shares of AUXILIUM PHARMACEUTICALS (AUXL) at $30.40  (closing last trade price) and sell 1 contracts of UQX FG (Jun$35.00) at $1.60 (closing bid price) expiring on 6/21/2008. Cost is $3,060, and income from sale of the calls is $149 and includes your commissions.  Annualized return if called is 201%.

Comments:

Not called on June 21. Will now sell Jul35 at $1.60. Price at $34.96 and value at $3,793 on June 21 including sale of all calls, up 24.0%. Called on July 19 at $35.00. Final value including sale of all calls is $3,777, up 23.4%

Buy 200 shares of CHINA DIG TV HLDG CO LTD (STV) at $17.54  (closing last trade price) and sell 2 contracts of STV FD (Jun$20.00) at $0.75 (closing bid price) expiring on 6/21/2008. Cost is $3,528, and income from sale of the calls is $137 and includes your commissions.  Annualized return if called is 180%.

Comments:

Exercised get out price at $14.91 on June 12 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,096, down (12.2%).

Buy 300 shares of SANGAMO BIOSCIENCES INC (SGMO) at $13.30  (closing last trade price) and sell 3 contracts of UGD FC (Jun$15.00) at $0.50 (closing bid price) expiring on 6/21/2008. Cost is $4,010, and income from sale of the calls is $136 and includes your commissions.  Annualized return if called is 163%.

Comments:

Exercised get out price at $11.31 on May 30 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,499, down (12.7%).

Buy 300 shares of GIANT INTERACTIVE GP ADS (GA) at $15.60  (closing last trade price) and sell 3 contracts of GA FW (Jun$17.50) at $0.60 (closing bid price) expiring on 6/21/2008. Cost is $4,700, and income from sale of the calls is $166 and includes your commissions.  Annualized return if called is 159%.

Comments:

Exercised get out price at $13.26 on May 22 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $4,114, down (12.5%).

Buy 200 shares of CONTINENTAL AIRLINES B (CAL) at $17.96  (closing last trade price) and sell 2 contracts of CAL FD (Jun$20.00) at $0.85 (closing bid price) expiring on 6/21/2008. Cost is $3,612, and income from sale of the calls is $157 and includes your commissions.  Annualized return if called is 157%.

Comments:

Exercised get out price at $15.27 on May 21 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,188, down (11.7%).

Buy 200 shares of SAVIENT PHARMACEUTICALS (SVNT) at $22.69  (closing last trade price) and sell 2 contracts of UVP FE (Jun$25.00) at $1.25 (closing bid price) expiring on 6/21/2008. Cost is $4,558, and income from sale of the calls is $237 and includes your commissions.  Annualized return if called is 155%.

Comments:

Called on June 21 at $25.00. Final value including sale of all calls is $5,217, up 14.5%.

Buy 200 shares of LENNAR CORP CL A (LEN) at $20.01  (closing last trade price) and sell 2 contracts of LEN FX (Jun$22.50) at $0.65 (closing bid price) expiring on 6/21/2008. Cost is $4,022, and income from sale of the calls is $117 and includes your commissions.  Annualized return if called is 154%.

Comments:

Exercised get out price at $17.01 on May 23 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,496, down (13.1%).

Buy 300 shares of THERAVANCE INC (THRX) at $13.43  (closing last trade price) and sell 3 contracts of TQM FC (Jun$15.00) at $0.50 (closing bid price) expiring on 6/21/2008. Cost is $4,049, and income from sale of the calls is $136 and includes your commissions.  Annualized return if called is 151%.

Comments:

Not called on June 21. Will now sell Jul15 at $0.35. Price at $13.49 and value at $4,273 on June 21 including sale of all calls, up 5.5%.Not called on July 19. Price at $14.48 and value at $4,570 , up 12.9% on July 19 including sale of all calls. Sold all shares at $14.48 to close out position.

Buy 100 shares of SUNTECH POWER HOLDINGS (STP) at $46.10  (closing last trade price) and sell 1 contracts of STP FJ (Jun$50.00) at $2.85 (closing bid price) expiring on 6/21/2008. Cost is $4,630, and income from sale of the calls is $274 and includes your commissions.  Annualized return if called is 145%.

Comments:

Exercised get out price at $39.19 on June 4 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $4,176, down (9.8%).

Buy 300 shares of E-HOUSE CHINA HLDGS ADS (EJ) at $16.27  (closing last trade price) and sell 3 contracts of EJ FW (Jun$17.50) at $1.00 (closing bid price) expiring on 6/21/2008. Cost is $4,901, and income from sale of the calls is $286 and includes your commissions.  Annualized return if called is 135%.

Comments:

Exercised get out price at $13.83 on June 4 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $4,405, down (10.1%).

Buy 300 shares of UAL CORP (UAUA) at $13.81  (closing last trade price) and sell 3 contracts of UAL FC (Jun$15.00) at $0.70 (closing bid price) expiring on 6/21/2008. Cost is $4,163, and income from sale of the calls is $196 and includes your commissions.  Annualized return if called is 134%.

Comments:

Exercised get out price at $11.74 on May 20 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,688, down (11.4%).

Buy 100 shares of ARTHROCARE CORPORATION (ARTC) at $45.73  (closing last trade price) and sell 1 contracts of ARU FJ (Jun$50.00) at $1.95 (closing bid price) expiring on 6/21/2008. Cost is $4,593, and income from sale of the calls is $184 and includes your commissions.  Annualized return if called is 134%.

Comments:

Not called on June 21. Will now sell Jul50 at $1.25. Price at $45.81 and value at $4,878 on June 21 including sale of all calls, up 6.2%. Exercised get out price at $38.87 (-15%) on July 2 after buying back calls at $0.05. Final value including sale of all calls is $4,168, down (9.3%)

Buy 200 shares of CONN'S INC (CONN) at $18.24  (closing last trade price) and sell 2 contracts of UOK FD (Jun$20.00) at $0.75 (closing bid price) expiring on 6/21/2008. Cost is $3,668, and income from sale of the calls is $137 and includes your commissions.  Annualized return if called is 133%.

Comments:

Not called on June 21. Will now sell Jul20 at $0.35. Price at $17.70 and value at $3,734 on June 21 including sale of all calls, up 1.8%. Exercised get out price at $15.50 (-15%) on July 1 after buying back calls at $0.05. Final value including sale of all calls is $3,271, down (10.8%)

Buy 100 shares of TERRA INDUSTRIES INC (TRA) at $45.97  (closing last trade price) and sell 1 contracts of TRA FJ (Jun$50.00) at $1.50 (closing bid price) expiring on 6/21/2008. Cost is $4,617, and income from sale of the calls is $139 and includes your commissions.  Annualized return if called is 118%.

Comments:

Exercised get out price at $11.31 on May 30 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,499, down (12.7%).

Buy 200 shares of BLUE COAT SYSTEMS INC (BCSI) at $24.20  (closing last trade price) and sell 2 contracts of IYU FE (Jun$25.00) at $2.10 (closing bid price) expiring on 6/21/2008. Cost is $4,860, and income from sale of the calls is $407 and includes your commissions.  Annualized return if called is 117%.

Comments:

Stock tanked on May 22. Held for 5 trading days hoping for bounce and sold all shares at $17.67 on May 29 after buying back calls at $0.05. Final value including sale of all calls is $3,918, down (19.4%).

Buy 100 shares of SHANDA INTERACTV ENT LTD (SNDA) at $36.96  (closing last trade price) and sell 1 contracts of QKU FH (Jun$40.00) at $1.45 (closing bid price) expiring on 6/21/2008. Cost is $3,716, and income from sale of the calls is $134 and includes your commissions.  Annualized return if called is 117%.

Comments:

Exercised get out price at $31.42 on May 30 after buying back calls at $0.05. Proceeds, including sale of all calls and commission is $3,259, down (12.3%).

Buy 300 shares of MF GLOBAL LTD (MF) at $14.46  (closing last trade price) and sell 3 contracts of MF FC (Jun$15.00) at $1.10 (closing bid price) expiring on 6/21/2008. Cost is $4,358, and income from sale of the calls is $316 and includes your commissions.  Annualized return if called is 110%.

Comments:

Stock tanked on June 19. Price at $6.86 on June 21. Decided to hold. Value including sale of all calls is $2,373, down (45.5%). Price at $6.24 and value at $2,187 , down 49.8% on July 19 including sale of all calls. Sold all shares at $6.24 to close out position.

Income from sale of calls is +$4,137.

All positions closed out on July 19.

Cost of these ten (20) stocks is $84,976. At July 19, 2008 (expiration weekend), this list value is $78,591, down (7.5%).