ASSUME 10 CONTRACTS PER RECOMMENDATION

2012 CLOSED TRADES

Occidental Petroleum?(OXY)

BTO OXY Feb $97.50 Call? (OXY120218C97.5)

$4.50

1/3/12

350

$5.40

1/18/12

352

20.00%

$900.00

Oil Service HOLDRS (OIH)

BTO Feb $123 Call?(OIH120218C123) STO Feb $128 Call (OIH120218C128)

BTO (OIH120218C123) @ $3.70 STO (OIH120218C128) @ $3.70 Cost $2.35

1/26/12

353

STC (OIH120218C123) @ $4.70 BTC (OIH120218C128) @ $2.20 Net $.15

2/2/12

354

6.38%

$150.00

2011 CLOSED TRADES

Molycorp (MCP)

BTO (MCP111217C40) @ $4.40 PART OF LEG

$4.40

11/4/11

346

347

EXPIRE

12/15/11

UPD #119

-100.00%

-$4,400.00

SPDR Gold Trust (GLD)

STO (GLD111217C170)

$3.20

11/30/11

349

$0.00

12/15/11

UPD #119

100.00%

$3,200.00

Silver Trust iShares

SLV111217C33

$2.58

11/3/11

344

EXPIRE

12/15/11

UPD #119

-100.00%

-$2,580.00

Transocean LTD (RIG)

BTO Dec 47.50 Call (RIG111217C47.50) STO Nov 47.50 Call (RIG111119C47.50)

BTO (RIG111217C47.50) @ $3.70STO (RIG111119C47.50) @ $2.60 Cost $1.10

11/3/11

345

STC (RIG111217C47.50) @ $2.26 BTC (RIG111119C47.50) @ $.48 Net $.68

11/17/11

348

61.81%

$680.00

Molycorp (MCP)

BTO Dec 40 Call (MCP111217C40) STO Dec 45 Call (MCP111217C40)

BTO (MCP111217C40) @ $4.40 STO Dec 45 Call (MCP111217C40) @ $2.21 Cost $2.19

11/4/11

346

347

BTC Dec 45 Call (MCP111217C40) @ $.10

11/17/11

347

PART OF LEG

$2,110.00

SPDR Gold Shares (GLD)

BTO Octr 158 Put (GLD111022P158)? STO Oct 153 Put (GLD111022P153)

BTO (GLD111022P158) @ $5.55? STO (GLD111022P153) @ $3.45 Cost $2.10

9/29/11

339

#341 STC (GLD111022P158) @ $1.41? RU BTO (GLD111119P146) @ $1.40

EXPIRE

11/16/11

U117

-100.00%

-$5,550.00

The Oil Service HOLDR (OIH)

STO Oct 105 Call (OIH111022C105)?BTO?Nov?110?Call (OIH111119C105)

STO(OIH111022C105)?@ $5.20 BTO?(OIH111119C105) @ $5.90 Cost $.70

10/3/11

340

342

BTC(OIH111022C105)?@ $15.40 STC?(OIH111119C105) @ $22.15 Net $6.00

10/21/2011, 10/27/11

342, 343

757.00%

$6,000.00

Streettracks Gold Trust (GLD)

STO Oct 153 Put (GLD111022P153)

$3.43

9/29/11

339

341

$0.00

10/21/11

341

100.00%

$3,450.00

Streettracks Gold Trust (GLD)

October $168 Put

$5.65

9/22/11

338

$8.75

9/22/11

338

54.87%

$3,100.00

The Oil Service HOLDR (OIH)

BTO Sep $120 Put (OIH110917P120) ?STP Sep $115 Put (OIH110917P115)

BTO (OIH110917P120) ?@ $7.15 STP (OIH110917P115) @ $5.10 Cost $2.05

8/22/11

336

STC (OIH110917P120) ?@ $2.32 EXP (OIH110917P115) @ 0 Net $.27

9/16/11

UPD #114 ALRT # 337

13.17%

$270.00

Transocean Limited (RIG)

BTO Jul $70 Call (RIG110716C70)

$2.60

5/31/11

326

EXPIRE

7/15/11

-100.00%

-$2,600.00

United States Oil Units (USO)

REPAIR RU STC Jul $39 Call (USO110716C039)?RU BTO Aug $43 Call (USO110819C43)

REPAIR RU STC (USO110716C039)?@ .28 RU BTO Aug $43 Call (USO110819C43) @ .24

6/8/11

327

0.24

EXPIRE

8/19/11

UPD #112

-100.00%

$240.00

SPDR Gold Shares (GLD)

BTO Aug $173 Call (GLD110820C173)?STO Aug $160 Call? (GLD110820C160)

BTO (GLD110820C152)?@$2.72 STO (GLD110820C157) @ 1.42 Cost $1.30

8/3/11

335

EXPIRE

8/19/11

UPD #112

-100.00%

-$1,300.00

Diamond Trust (DIA)

BTO Aug?122 Put at $2.85?STO August $118 Put?at $1.51

$1.34

7/29/11

333

STC Aug?122 Put at $3.80?BTC August $118 Put?at $1.82 Net $.48

8/1/11

334

35.82%

$480.00

SPDR Gold Shares (GLD)

BTO Aug $152 Call (GLD110820C152)?STO Aug $157 Call? (GLD110820C157)

BTO (GLD110820C152)?@ 4.40 STO (GLD110820C157) @ 1.87 Cost $2.51

7/21/11

331

STC (GLD110820C152)?@ 6.40 BTC (GLD110820C157) @ 3.15 Net $.74

7/25/11

332

29.48%

$740.00

SPDR Gold Shares (GLD)

BTO Aug $154 Call (GLD110820C154)?STO Aug $160 Call? (GLD110820C160)

BTO (GLD110820C154)?at $3.35 STO? (GLD110820C160) for $1.35) @ Cost $2.00

7/13/11

329

STC (GLD110820C154)?at $4.05 BTC? (GLD110820C160) for $1.60) Net $.45

7/18/11

330

22.50%

$450.00

United States Oil Units (USO)

STO Jul $42 Call (USO110716C42)

$0.60

6/8/11

327

328 7/13/11

EXP

7/13/11

328

100.00%

$600.00

SPDR Gold Shares (GLD)

BTO June $151 Call (GLD110618C151)

$3.50

5/3/11

323

EXP

6/17/11

-100.00%

-$3,500.00

Oil Service HOLDRS (OIH)

BTO Jun $147 Call (OIH10618C147) STO Jun $155 Call (OIH10618C155)

BTO (OIH10618C147) @ $5.70?STO (OIH10618C155) @ $2.40

5/12/11

324

STC (OIH10618C147) @ $6.35?BTC (OIH10618C155) @ $2.23 NET $4.08 GAIN .78

5/25/11

325

23.63%

$780.00

Exxon (XOM)

BTO May $85 Call XOM110521C85

$2.18

4/25/11

321

$2.98

4/27/11

322

37.00%

$800.00

Oil Service HOLDRS (OIH)

BTO May $155 Call (OIH11521P155)? STO May $160 Call (OIH11521P160)

BTO (OIH11521P155) @$6.40? STO (OIH11521P160)@$2.45

4/12/11

319

STC (OIH11521P155) @$7.10? BTC (OIH11521P160)@$4.10 NET $3 GAIN $.55

4/20/11

320

22.00%

$550.00

MSCI Brazil (EWZ)

BTO Ap $74 Call (EWZ110416C74) STO Ap $77 Call (EWZ110416C77)

BTO (EWZ110416C74) $2.78 STO (EWZ110416C77) $1.38 COST $1.40

3/1/11

307

STC (EWZ110416C74) $2.40 BTC (EWZ110416C77) $.80 COST $1.60 NET $.2

3/23/11

313

14.00%

$200.00

Streettracks Gold Shares (GLD)

BTO May $140 Call (GLD110521C140)?STO May $145 Call (GLD110521C145)

BTO (GLD110521C140) @ 3.20 STO (GLD110521C145) @ 1.22 COST $1.98

4/5/11

316

BTO (GLD110521C140) @ 3.65 STO (GLD110521C145) @ .83 NET $.84

4/8/11

317

42.42%

$840.00

Apache (APA)

BTO Apr $120 Call (APA110416C120) STO Apr $130 Call (APA110416C130)

BTO (APA110416C120) @ 7.10 STO (APA110416C130) @ 2.30 COST $4.80

2/25/11

305

BTC (APA110416C130) @ .57 STO Apr $125 Call (APA110416C125) for $1.27

STC (APA110416C120) @ .4.55 BTC Apr $125 Call (APA110416C125) for $7.15 NET .4

3/30/11

315

6.59%

$400.00

Oil Service HOLDR (OIH)

BTO Apr $159 Call (OIH110416C159) STO Apr $162 Call (OIH110416C162)

BTO (OIH110416C159) @ $4.90 STO (OIH110416C162) @$3.45 COST $1.45

3/21/11

312

BTO (OIH110416C159) @ $4.90 STO (OIH110416C162) @$3.45 COST $1.45

3/24/11

314

17.25%

$250.00

Freeport McMoran Copper & Gold (FCX)

BTO?Apr $50 Call (FCX110416C50) STO April $55 call (FCX110416C55)

BTO? (FCX110416C50) @ $2.8 STO (FCX110416C55) $.98 Cost $1.82

3/8/11

309

STC? (FCX110416C50) @ $3.75 BTC (FCX110416C55) $2.44 NET $.62

3/17/11

311

34.00%

$620.00

Streettracks Gold Shares (GLD)

BTO Feb GLD $134 Call (GLD110219C134)

BTO (GLD110219C134) @ 2.61

1/18/11

302, REPAIR 304

RU (STC GLD110219C134@ $1.41) TO (GLD110319C137 @ 1.31) NET COST $.11, $ 2.72

$3.15

3/1/11

308

15.81%

$430.00

February USO $38 Call

BTO USO110219C38

$1.78

1/11/11

299

EXPIRE

2/18/11

UPD #103

-100.00%

-$1,780.00

SPDRS Trust Unit (SPY).

BTO Feb $129 SPY?Put (SPY110219P129) STO Feb $125 SPY Put (SPY110219P129)

BTO Feb $129 SPY?Put (SPY110219P129) @ $2.19 STO Feb $125 SPY Put (SPY110219P129) @ $.95 Cost $1.24

1/31/11

303

EXPIRE

2/18/11

UPD #103

-100.00%

-$1,240.00

Halliburton (HAL)

BTO Feb $38 Call (HAL110219C38) STO Feb $41 Call (HAL110219C41)

BTO (HAL110219C38) @ $2.02 STO (HAL110219C41) @ $0.83 Cost $1.19

1/6/11

298

STC (HAL110219C38) @ $2.87 BTC (HAL110219C41) @ $1.27 net $.41

1/12/11

301

34.00%

$410.00

Oil Service HOLDRS (OIH)

BTO Jan $139.10 Call (OIH110122C139.10) STO Jan $142 Call (OIH110122C142)

BTO (OIH110122C139.10) @ $3.40 STO (OIH110122C142) @ $2.09 Cost $1.31

12/22/10

295

STC (OIH110122C139.10) @ $5.20 BTC (OIH110122C142) @ $3.20 net $.69

1/12/11

300

53.00%

$690.00

Key Energy Group (KEG)

BTO Mar $10 Calls (KEG110319C10)?

BTO (KEG110319C10)?@ $1.80

11/11/10

287

CLOSED PUT 294

$3.20

1/3/11

297

240.00%

$1,400.00

2010 CLOSED TRADES

MSCI Brazil Index iShare (EWZ)

BTO Jan $75 Call STO Jan $73 Put

BTO Jan $75 Call @ $2.55 STO Jan $73 Put $1.94 Cost $.61

12/13/10

293

$1.4 (close trade @ mkt)

12/30/10

296

229.00%

$1,400.00

Key Energy Group (KEG)

BTO Mar $10 Calls (KEG110319C10)?STO Dec $12.50 puts (KEG101218P00012500)

BTO (KEG110319C10)?@ $1.80 STO (KEG101218P00012500) @ $1.55 Cost .25

11/11/10

287

Close Put @ $.15

12/17/10

294

780.00%

$1,400.00

Wyerhauser (WY)

BTO Dec $17 calls (WY101218C17)?

BTO (WY101218C17)@ $1.25

11/15/10

288

$1.25

12/17/10

294

$0.00

Oil Service HOLDRs (OIH)

BTO Jan $129.10 Call (OIH110122C12910)

BTO (OIH110122C12910) @ $5.5

11/30/10

292

$8.80

12/1/10

292

60.00%

$3,300.00

Gold ETF (GLD)

BTO NOV $130 GLD Put (GLD101120P130) STO NOV $126 Put (GLD101120P126)

BTO (GLD101120P130) @ 3.35 STO NOV $126 Put (GLD101120P126) $1.90

10/7/10

280

STC (GLD101120P130)@ 1.31 The GLD 101120P126 EXP 0

11/16, 11/19/10

289, 290

-21.00%

-$1,310.00

Valero (VLO)

BTO Nov 18 calls (VLO101120C18) STO Nov $18 puts (VLO101120P18)

BTO (VLO101120C18) @ $0.54 STO (VLO101120P18) @ $0.50. Cost .04

10/26/10

285

$0.50

11/4/10

286

1150.00%

$460.00

Oil Service HOLDRS (OIH)

BTO Nov $115 OIH Calls (OIH101120C115)? STO Nov $120 Calls (OIH101120C120)

BTO (OIH101120C115) @ 3.80? STO (OIH101120C120) @ 1.80 Cost 2.00

10/19/10

283

STC (OIH101120C115) @ 4.5? BTC (OIH101120C120) @ 2.30 Net .30

10/20/10

283

15.00%

$300.00

Anadarko Petroleum Corp (APC)

BTO Nov $57.50 Calls (APC101120C57.5)

$3.15

10/14/10

281

$5.05

10/22/10

284

60.00%

$1,900.00

Gold ETF

BTO Sept $118 GLD Put (GLD100918P118) STO Sept $114 Put (GLD100918P114)

BTO (GLD100918P118) @ $2.78 STO (GLD100918P114) @ $1.17 Cost $1.61

8/9/10

270

EXP

9/17/10

-100.00%

-$1,610.00

Cliff Natural Resources (CLF)

BTO Nov 62.50 Call CLF101120C6250?STO Nov $67.50 Call CLF101120C6750

BTO CLF101120C6250? 4.55 STO CLF101120C6750 2.50

9/28/10

277

STC CLF101120C6250? 6.15 BTC CLF101120C6750 3.80

9/30/10

279

14.60%

$300.00

EOG Resources

BTO Oct $90 calls EOG101016C90

$5.05

9/14/10

274

$7.10

9/30/10

278

42.00%

$2,100.00

S&P 500 Index (SPY)

BTO Oct $114 SPY Puts SPY101016P 114

$2.44

9/22/10

275

$2.89

9/23/10

276

18.44%

$450.00

AK Steel (AKS)

Sept $12.50 Call AKS100918C12.500

$1.31

8/30/10

272

$1.39

9/3/10

273

38.00%

$380.00

Transocean LTD (RIG)

BTO Aug $57.50 Puts (RIG100821P57.5)@ $2.44 STO Aug $55 Puts (RIG100821P55) @ $1.40

$1.04

8/5/10

269

STC Aug $57.50 Puts (RIG100821P57.5)@ $2.63 BTC Aug $55 Puts (RIG100821P55) @ $1.33 Net $.26

8/10/10

271

25.00%

$260.00

Baker Hughers (BHI)

BTO Aug BHI $50 Put (BHI100821P50) STO Aug $47 Put (BHI100821P47)

BTO (BHI100821P50) @ 2.55 STO (BHI100821P47) @1.20 Cost $1.35

7/26/10

267

STC (BHI100821P50) @ 5.6 BTC (BHI100821P47) @3.20 Net $1.05

8/3/10

268

78.00%

$1,050.00

Exxon (XOM)

XOM100619C62.50 RU XOM100717C62.50

$1.55

5/6/10

251, UPD #83

#262 -2.82+.47-1.55=$3.90

$262.00

7/16/10

-100.00%

-$3,900.00

Oil Service HOLDR (OIH)

BTO Aug $96 Call (OIH10082C96) STC Aug $100 Call (OIH10082C100) for $4.15

BTO (OIH10082C96)?$6.15?STC (OIH10082C100) $4.15 Cost $2.00

7/6/10

263

STC (OIH10082C96)?$8.40?BTC (OIH10082C100) $6.00 Net $.40

7/7/10

264

20.00%

$400.00

Oil Service HOLDR (OIH) Jun $94.10 Call

OIH100619C94.10

$4.25

6/3/10

260

$5.20

6/10/10

261

22.00%

$950.00

United State Oil ETF(USO)

USO100717C31

$2.39

5/25/10

257

$3.55

6/2/10

259

50.00%

$1,160.00

MSCI Brazil iShare (EWZ)

EWZ100619C60

$3.55

5/21/10

256

$4.90

6/1/10

258

38.00%

$1,350.00

Chesapeake Energy Corp (CHK)

BTO May $24 Calls (CHK) ?STO May $27 Calls for $0.40

BTO May $24 Calls (CHK) for $1.53?STO May $27 Calls for $0.40 Cost $1.13

4/6/10

247

EXP

5/21/10

U #84

-100.00%

-$1,130.00

Mosaic (MOS)

BTO May $55 Calls?(MOS100522C00055000) STO May $60 Calls (MOS100522C00060000)

BTO May $55 Calls (MOS100522C00055000) @ 2.65 STO (MOS100522C00060000) for $.0.93 COST $1.72

4/14/10

249

EXP

5/21/10

U #84

-100.00%

-$1,720.00

Silver Trust iShares (SLV)

SLV100619P20

$1.21

5/13/10

254

$1.78

5/17/10

255

36.00%

$470.00

Streettracks Gold Shares (GLD

BTO May $116? Calls (GLD100522C00116000)

BTO (GLD100522C00116000) @ $1.79

5/6/10

250

$3.60

5/7/10

253

101.00%

$3,600.00

Diamonds Trust (DIA)

BTO DIA $110 May Put (DIA100522P00110000)?STO DIA $107 May Put (DIA100522P00107000)

BTO DIA (DIA100522P00110000)?@ $1.97 STO DIA (DIA100522P00107000) @ $1.00 COST $.97

4/19/10

250

STC DIA (DIA100522P00110000)?@ $2.95 STO DIA (DIA100522P00107000) @ $1.59 NET $.36

5/5/10

249

37.00%

$360.00

Going Long Calls on a fertilizer stock (TRA)

BTO Sept. 55 calls (TRAIK)

34.93 = $51. Exer 44.10-4.07

7/30/08

80

34.93

ACQ by CF @ $37.95 ($37.15 cash, .9 share CF (sl at mkt)

4/14/10

8.60%

$3,020.00

Oil Service HOLDRS (OIH)

BTO Apr $125 Call (OIH6100417C00125000) STO Apr $130 Call (OIH100417C00130000)

BTO OIH6100417C00125000 @$3.6 STO OIH100417C00130000 @$1.6 Net $2.00

3/18/10

243

STC OIH6100417C00125000 @$2.52 BTC OIH100417C00130000 @$.55 Net -$.03

4/1/10

246

-1.50%

-$30.00

Streettracks Gold Shares (GLD)

BTO Apr. $108 Call (GCZ100417C108) STO APR $110 Call (GCZ100417C110 )

BTO (GCZ100417C108) $1.83? STO (GCZ100417C110 ) $1.00 Cost $.83

3/23/10

244

STC (GCZ100417C108) $2.29? BTC (GCZ100417C110 ) $1.17 Net $.27

3/31/10

245

32.50%

$270.00

Petroleo Brasiliero (PBR)

BTO Feb $45 Call (PMJBI) STO Feb $48 Call (PMJBH)

BTO (PMJBI) @ $2.00 STO (PMJBH) @ $0.80 Cost $1.20

1/14/10

222

BOT PBR $42.63 STO MAR $43 PUT $1.69

STC PBR $45.12 MAR PUT BTC $.3

3/9/10

242

6.29%

$2,680.00

Oil Service HOLDRS (OIH)

BTO Feb $125 Call (OIHBE)

$3.30

1/25/10

225

BOT OIH @ 124.44 STC OIHBE $.2 (LOSS $3.1) STO MAR.125 PUT 3.75

OIH $127.23, BTC MAR $125 PUT $1.49

3/8/10

241

1.56%

$1,950.00

Nucor (NUE)

BTO Mar $43 Calls(NUE100320C00043000)

$1.30

3/2/10

239

STC Mar $43 Calls(NUE100320C00043000) @1.91

3/5/10

240

47.00%

$610.00

Streettracks Gold Shares (GLD)

BTO Mar. $109 Call (GCZ100320C00109000) $2.14? STO Mar $112 Call (GCZ100320C00112000 )

BTO (GCZ100320C00109000) 2.14 STO (GCZ100320C00112000 ) for $0.90 Cost 1.24

3/1/10

237

STC (GCZ100320C00109000) 3.00 BTC (GCZ100320C00112000 ) for $1.41 Net 1.58

3/2/10

238

27.00%

$340.00

Transocean LTD (RIG)

BTO March $85 call (RIG100320C0085000)?

$2.70

18-Feb

235

$3.30

2/22/10

236

22.00%

$600.00

British Petroleum (BP)

BTO Mar. $55 Calls

$1.02

2/4/10

230

1.42 Net $.40

2/16/10

234

39.00%

$400.00

U.S. Steel (X)

BTO March $45 Calls (FBJ100320C00045000) STO Mar $50 Calls (FBJ100320C00050000)

BTO (FBJ100320C00045000) for $3.30 STO (FBJ100320C00050000) for $1.48 Cost $1.82

2/8/10

232

STC (FBJ100320C00045000) for $4.20 BTC (FBJ100320C00050000) for $1.93 Cost $1.82 Net $.45

2/11/10

233

25.00%

$450.00

Williams Companies (WMB)

BTO Jan $20 Puts (WMBMD)

BTO WMBMD for $1.20

11/30/09

208

Sl Shrt 21.50 Sl Feb 20 Cl (WMBBD) $2

Net$ 2.26

2/5/10

231

10.50%

$2,260.00

Newmont Mining (NEM)

BTO NEM Feb $45 Call

$1.70

2/1/10

228

$2.01

2/3/10

229

18.00%

$310.00

Freeport McMoran Copper & Gold (FCX)

BTO Feb. $70 Calls (FHZBN)

$2.85

1/28/10

226

$3.60

2/1/10

227

26.00%

$750.00

Baker Hughes (BHI)

BTO Feb $47 Puts (BIJNE)

BTO (BIJNE) @ $2.70 STO (BIJNA) @ $1.30 Cost $1.40

1/11/10

221

STC (BIJNE) @ $2.90 BTC (BIJNA) @ $1.40 Cost $1.40 NET $.10

1/22/10

224

7.00%

$100.00

Oil Service HOLDRS (OIH)

BTO Feb $130 Puts (OIHNF) STO Feb $125 Puts (OIHNE) for $3.40

BTO (OIHNF) @ $5.55 STO (OIHNE) @ $3.40 Cost $2.15

1/6/10

219

STC (OIHNF) @ $5.75 BTC (OIHNE) @ $3.35 NET $.25

1/21/10

223

12.00%

$250.00

Du Pont E I De Nemours (DD)

BTO Dec. $35 Calls (DXTLG)

$1.05

11/25/09

A 205 U # 75

B DD @ 31.00 =$32 + 1.05 - JAN Put DXTMG Net 2.05)

$34.00

1/8/10

220

9.68%

$3,000.00

Ensco (ESV)

BTO the Feb $40 Calls (ESVBH)

$4.20

1/5/10

216

STO ESVH @ $4.90 Net $.70

1/6/10

218

17.00%

$700.00

Frontier Oil (FTO)

BTO NOV 15 Calls (FTOKC)

BOT FTO Cost basis 14.02(12.22+1.30) + Cost put BTC (FTOMV) + .50

10/15/09

195

Sell FTO @ 13.34 STC (FTOMV) 1.45 Gain .67

1/5/10

217

4.78%

$670.00

2009 CLOSED POSITIONS

Streettracks Gold Shares (GLD).

BTO Jan $110 Put (GCZMF) STO Jan $105 Put (GCZMA)

BTO (GCZMF) @ $3.35 STO (GCZMA) @ $1.25.

12/17/09

214

STC (GCZMF) @ $4.55 BTC (GCZMA) @ $1.80 NET $.65.

12/21/09

215

31.00%

$650.00

Ivanhoe Mines (IVN)

BTO Dec. $12.50 calls (IVNLV)

$1.90

9/29/09

186

$1.95

12/16/09

213

2.60%

$50.00

XTO Energy (XTO)

XTO

Buy Stk $41.60 (41.20+$2.20 (KJVKQ) - STO XKVXO @ $1.60)

11/9/9 11/20/9

201, U68

$47.88

12/14/09

212

15.00%

$6,270.00

StreetTracks Gold Trust (GLD)

BTO Dec $111 Puts (GCZXQ) STO Dec. $108 (GCZXD) for $2.10

BTO (GCZXQ) @ $3.70 STO (GCZXD) @ $2.10 Cost $1.60

11/11/09

202

BTC GCZXD @ $.73 STC GCZXQ @ $2.24

12/4/9, 12/8/9

209 UPD 72

9.40%

$150.00

Transocean LTD (RIG)

BTO Dec $85 Puts (RIGLZ)

$4.30

11/27/09

207

$4.45

12/8/09

210

3.50%

$150.00

Praxair (PX)

BTO the December $85 puts (PXXQ)

$3.40

11/24/09

204

$4.50

11/27/09

206

32.00%

$1,120.00

Call spread First Solar (FSLR)

BTO Nov $155 calls (HJQKK) STO Nov $165 Calls (HJQKM)

BTO (HJQKK) @ $12 STO (HJQKM) @ $7.80 Cost $4.20

10/14/09

193

EXP

11/20/09

68

EXP 0

-$4,200.00

U.S. Steel (X)

BTO Nov. $40 Calls (FBJSBJ) STO Nov. $44 Calls (FBJKV)

10/26/09

196

STC(FBJKH)@ $1.90 BTC (FBJKV) @ $0.15

10/28/9 11/16/9

198, 203

9.38%

$150.00

Call Spread for ETF, OIH

BTO Nov $120 calls (OIHKD) STO Nov $125 calls (OIHKE) $3.0

BTO (OIHKD) @ $5.50 STO (OIHKE) $3.00 Cost $2.50

11/3/09

199

STC (OIHKD) @ $6.20 STO (OIHKE) $3.20 Cost $2.50

11/9/09

200

20.00%

$500.00

Streettracks Gold Shares (GLD).

BTO November $103 Puts(GCZWY) STO Nov $100 Put (GLDWV)

BTO (GCZWY) @ $2.60 STO (GLDWV) @ $1.25 Cost $1.35

10/15/09

194

STC (GCZWY) @ $3.00 STO (GLDWV) @ $1.35 Net $1.65

10/28/09

197

22.00%

$300.00

Suncor Energy (SU) Put Spread

BTO Oct $30 Put (SXHVO) STO Oct $28 Puts (SXHVJ)

BTO (SXHVO) @ $2.00 STO (SXHVJ) $1.10 Cost $.90

9/2/09

181

EXP 0

10/16/09

-100.00%

-$900.00

Diamond Offshore (DO)

BTO Nov. $95 Calls (DOKB) STO Oct $100 Calls (DOJC)

BTO (DOKB) @ $6.30 STO (DOJC) $1.50 Cost $4.80

9/30/09

187

STC (DOKB) @ $8.40 BTC (DOJC) $2.60 Net $5.80

10/8/09

192

21.00%

$1,000.00

Exxon (XOM)

BTO Nov. $65 (XOMKM) STC Nov. $70 Calls (XOMKN)

BTO (XOMKM) @ $3.80 STC (XOMKN) @ $1.15 Cost $2.65

10/5/09

189

STC (XOMKM) @ $4.50 BTC (XOMKN) @ $1.50 NET $3.00

10/6/09

191

13.00%

$350.00

Streettracks Gold Shares (GLD)

BTO GLD Nov. $98 Calls (GLDKT)

$3.10

10/2/09

188

$5.20

10/6/09

190

68.00%

$2,100.00

Calendar Spread on Gold ETF (GLD)

BTO October $93 Calls (GLDJO) STO September $95 Calls (GLDIQ)

BTO (GLDJO) @ $2.70 STO (GLDIQ) @ $0.80

8/27/09

180

STC (GLDJO) @ $6.00 BTC (GLDIQ) @ $3.30

9/8/09

183

42.00%

$800.00

Petrohawk Energy Corp (HK)

BTO $22.50 September Puts (HKUX) STO $20 Sept Puts (HKUD) for $0.45

BTO (HKUX) @ $1.60 STO (HKUD) @ $0.45 Cost $1.15

8/26/09

179

STC (HKUX) @ $1.90 BTC (HKUD) @ $0.55 NET $1.45

9/2/09

182

26.00%

$300.00

Chevron (CVX)

Chevron (CVX) September $70 Calls (CVXIN)

$1.40

8/20/09

177

$2.20

8/24/09

178

57.00%

$800.00

Exxon (XOM) Puts

BTO August $70 puts (XOMTN)

$1.66

7/31/09

173

$2.05

8/11/09

176

23.00%

$390.00

Gold ETF, (GLD)

BTO Aug $92 Calls (GLDHN) STO Aug $95 Calls (GLDHQ)

BTO (GLDHN)@ $3.30 STO (GLDHQ) @ $2.00 Cost $1.30

6/29/09

163

STC (GLDHN)@ $3.20 BTC (GLDHQ) @ $1.40

8/5/09

174

31.00%

$400.00

Repair Strategy Holly Corp.

HOC

$20.55

5/19/9, Buy 6/19/9

152, Buy UPD 48

$21.64

7/27/09

172

5.30%

$1,090.00

Repair Strategy for Southern Co. (SO)

SO

28.10 + cost of option 2.05 Adj. Px $30.10

2/18/9, 5/15/9

129, Update 47

$32.52

7/24/09

171

8.04%

$2,420.00

BJ Services (BJS)

BTO Aug. $12.50 Calls (BJSHV)

$1.55

7/2/09

164

$2.20

7/22/09

170

42.00%

$650.00

First Solar (FSLR) Bear Call Spread

BTO Jul $150 Call (HJQGJ) STO Jul $140 Call (QHBGH)

BTO (HJQGJ) @ $2.10 STO (QHBGH) @ $6.60 Net $4.50

7/10/09

167

BTO (HJQGJ) @ $2.10 STO (QHBGH) @ $6.60 Net $4.50

7/17/09

UPD 56

6.70%

$300.00

Oil Service HOLDR (OIH)

BTO OIH Aug $90 Call (OIHHR)

$6.40

7/9/09

165

$7.95

7/14/09

168

24.00%

$1,550.00

Repair Strategy Treasury Bonds

TLT

ADJ PX 92.53

5/29, 6/19

156, BUY UPD 48

$94.66

6/26/09

162

2.30%

$2,130.00

Energy Select ETF (XLE)

July $45 calls (XLEGS)

$3.10

6/22/09

160

$3.45

6/25/09

161

11.00%

$350.00

Diamond Offshore Drilling (DO)

BTO Jul 90 put (DOSH) STO Jul 85 put (DOSG)

BTO (DOSH) for $5.30 STO (DOSG) for $3.00 Cost $2.30

6/15/09

157

STC (DOSH) for $8.40 BTC (DOSG) for $5.00 Net $3.40

6/22/09

159

48.00%

$1,100.00

Buy Calls in this coal related stock Arch Coal(ACI)

Buy Arch Coal June 17 Calls (AGHFQ)

$2.10

5/29/09

155

$2.40

6/11/09

130

14.00%

$300.00

Steel stocks starting to improve (NU)

June $40 calls(NUEFH)

$2.65

5/18/09

150

$4.30

5/27/09

154

62.00%

$1,650.00

Buying Calls on Integrated Energy Company (SU)

Suncor June 30 Calls (SUFF)

$2.45

5/12/09

148

$3.60

5/26/09

153

47.00%

$1,150.00

Buying Calls In Fertilizer Name (IPI)

June $27 Calls (IPIFO)

$3.30

5/14/09

149

$5.60

5/19/09

151

69.00%

$2,300.00

XOM is getting ready to move to the upside

BTO May 65 Calls (XOMEM) STO May 70 Calls (XOMEN)

BTO (XOMEM) @ $3.20 STO(XOMEN) @ $0.70 Cost $2.50

4/28/09

146

BTC (XOMEM) @ $3.65 BTC (XOMEN) @ $0.50 NET $3.15

5/7/09

147

26.00%

$650.00

An unusal trade for us (SPY)

BTO Apr $83 Put (SZCPE) STO Apr $79 (SZCPA)

BTO (SZCPE) @ $1.94 STO (SZCPA) @ $0.60 cost of $1.34

4/8/09

144

EXPIRED

4/17/09

Update 44

-100.00%

-$1,340.00

GLD Call Spread

BTO Apr $90 Calls (GLDDL) STO Apr $95 Calls (GLDDQ)

BTO (GLDDL) @ $3.60 STO (GLDDQ) @ $1.65 Cost $1.95

3/24/09

138

BTC GLDDQ $.15 EXPIRED GLDDL

4/8/09, 4/17/09

143, UPDATE 44

-100.00%

-$2,100.00

Placing a negative bet oil service, OIH

BTO April 75 Put (OIHPO) STO April 70 Put (OIHPN)

BTO (OIHPO) @ $4.00 STO (OIHPN) @ $2.00 Cost $2.00

4/1/09

141

BTC OIHPN @ .23 EXPIRED OIHPO

4/8/09, 4/17/09

143, UPDATE 44

-100.00%

-$2,230.00

This Integrated Energy Stock Looks Ready to Move (XOM)

BTO Mar $80 Call (XOMCP) STO Mar $85 Call (XOMCQ)

BTO (XOMCP)@ $3.20 STO (XOMCQ) @ $1.20 Cost $2.00

2/9/09

127

EXPIRED

3/20/09

EXPIRED

-100.00%

-$2,000.00

Bullish Bet on Gold (GLD)

BTO Streettracks GoldShare (GLD) Mar $91 Calls (GLDCM)

BTO Mar GLD $91 Calls (GLDCM) for $2.90

3/5/09

133

STC Mar GLD $91 Calls (GLDCM) for $3.20

3/18/09

137

10.00%

$300.00

Buy a Call Spread on Driller (DO)

BTO Apr $60.00 Calls (DODL) STO Apr $65 Calls (DODM) for $2.60

BTO(DODL)@ $4.75 STO(DODM) @ $2.60 Cost $2.15

3/3/09

131

STC(DODL)@ $4.30 BTC (DODM) @ $1.00 Net $1.15

3/17/09

136

53.00%

$1,150.00

Buy a call spread on Freeport McMoran (FCX)

BTO Dec. 25 Call (FCXLE) STO Dec. 30 Call (FCXLF)

EXER COST ADJ $24.75

11/7/08

102

$34.50

3/11/09

UPD 36,112, ALRT 135

43.03%

$10,650.00

Buying a Call Spread in Infrastructure Play (JOYG)

BTO Mar $17.50 Call (JJOCW) STO March $20 Call (JQYCY)

BTO (JJOCW) $2.30 STO (JQYCY) $1.15 Cost $1.35

2/24/09

130

STC (JJOCW) $3.65 BTC (JQYCY) $1.75 Net $1.90

3/11/09

134

65.00%

$750.00

Pullback in gold creates an opportunity (GLD)

BTO Feb $88 Calls (GLDBJ) STO Feb 92 Calls (GLDBN)

BTO (GLDBJ) $3.40 STO (GLDBN) $1.75 Cost $1.65

2/2/09

125

STC (GLDBJ) $5.40 BTC (GLDBN) $2.60 Net $1.15

2/11/09

128

70.00%

$1,150.00

Call Spread Energy ETF (XLE)

BTO Feb $47 Calls (XLEBU ) STO Feb $50 calls (XLEBX)

BTO (XLEBU )for $2.80 STO (XLEBX) for $1.40. Cost $1.40.

1/23/09

123

STC (XLEBU )for $2.73 BTC (XLEBX) for $1.04. Net $.29.

2/5/09

126

21.00%

$290.00

Transportation name on the bearish side (NSC)

BTO Feb $35 Put (NSCNG ) STO Feb $30 Put (NSCNF)

BTO (NSCNG ) at $2.65 STO (NSCNF) at $0.90 Cost $1.75

1/22/09

121

STC (NSCNG ) at $3.10 STO (NSCNF) at $1.10 Net $2.00

1/23/09

122

14.00%

$250.00

Positive bias on energy ETF, OIH

BTO the Febr $75 Calls (?OIDBW) STO Feb $80 calls (OIHBZ)

BTO (?OIDBW) for $6.75 STO (OIHBZ) for $4.55 Cost $2.20

1/12/09

120

STC (?OIDBW) for $8.80 BTC (OIHBZ) for $5.90 Net $2.90

1/26/09

124

32.00%

$700.00

Buying another put spread in the energy patch (XLE)

BTO Feb 50 Put (XLENX) STO Feb 45 Put (XLENS)

BTO (XLENX)?$3.90?STO (XLENS) $1.90 Net $2.00

1/9/09

118

BTC (XLENS) $2.53 STC (XLENX) $5.05 Net $2.52

1/12/09

119

26.00%

$520.00

The move in equipment and drilling stocks is extended (OIH)

BTO Jan 85 Put (OIHMY) STO Jan 80 Put (OIHMZ)

BTO (OIHMY) $4.10 STO (OIHMZ) $ 2.00 Net $2.10

1/7/09

116

BTO (OIHMY) $5.05 STO (OIHMZ) $ 2.54 Net $2.51 Minus Cost

1/8/09

117

20.00%

$410.00

Put On Patterson UTI Energy (PTEN)

January $10 puts (NZQMB)

$1.85

12/1/08

105

EXPIRED

1/16/09

-100.00%

-$1,850.00

2008 CLOSED TRADES

Put spread for oil and gas exploration Devon Energy (DVN)

BTO Dec 60 Puts (DVNXL) STO Dec 55 Puts (DVNXY )

BTO (DVNXL) $4.80 STO (DVNXY ) $2.65 Cost $2.15

12/5/08

107

EXPIRED

12/18/08

-100.00%

-$2,200.00

Haliburton

STO HALXP

$4.00

11/21/08

U 34

$0.58

12/16/08

U 36

86.00%

$3,420.00

Oil Service ETF

BTO Dec $75 Put (OIDXW) STO Dec $70 Put (OIDXN) for $3.55

BTO (OIDXW) for $5.90 STO (OIDXN) for $3.55 Cost $2.35

12/8/08

110

BTC (OIDXN)3.55 STC (OIDXW) 2.6 Net $.43

12/18/08

114

-18.92%

-$430.00

Cold Weather Trade (UNG)

BTO Novr 29 (UNEKC) STO Nov 31 (UNEKE) Calls

BTO Novr 29 (UNEKC) $1.40 STO Nov 31 (UNEKE) Calls for $0.60 Cost $.80

11/7/08

101

EXPIRED

11/21/08

EXPRIED

-100.00%

-$800.00

Haliburton

Buy Calls in this energy service company, HAL

$15.33

10/29/08

99

(BTC HALXP 3.42 NET .58)

12/17/08

U 34, A 113

17.61%

$2,700.00

Oil Trade (USO)

BTO Nov 55 (USOKK) Call at $5.10 STO Nov 60 Call (USOKL)

BTO (USOKK) $5.10 STO Nov 60 Call (USOKL) $2.90 Cost $2.20

10/29/08

98

EXPIRED

11/7/08

100

-100.00%

-$2,200.00

March 2009 $84 Calls for GLD (Gold ETF)

GLDCF

$6.00

8/26/08

CORRECTION UPDATE #25

$12.30

10/8/08

95

105.00%

$6,300.00

Establish XOM Put Oct. $75

XOMVO

$3.00

9/15/08

89

$3.00

10/8/08

94

B E

$0.00

Put Insurance On The Market (SPY)

BTO NOV. 114 PUTS ON SPY (SPYWJ)

$4.00

9/24/08

91

$7.25

10/2/08

93

81.00%

$3,250.00

March 2009 $80 Calls, GLD

GLDCB

$7.50

8/25/08

85

$13.20

10/1/8, #92

92

76.00%

$5,700.00

Going long calls in this energy ETF (OIH)

Oil Service HOLDR (OIH) September Call 155 (OIHIK)

$5.50

9/10/08

87

$9.10

9/12/08

65.00%

$3,600.00

Close spread in 2 transactions FSLR

BTO August 270 Put (HJQTZ) STO Aug. 260 Put (HJQTY) for $17.50

BTO (HJQTZ) $23.00 STO (HJQTY) $17.50 Cost $5.50

7/31/08

78

STC (HJQTZ) $7 (HJQTY) EXPIRE WORTHLESS

7/31/2008 8/15/2008

81, 83

27.00%

$1,500.00

Bearish put spread on the United State Oil Fund ETF(USO)

BTO Aug 103 put(IYSTY) STO Aug 99 put (IYSTU) for a credit of $3.40

BTO (IYSTY) dbt $5.30 STO (IYSTU) crdt of $3.40 Cost $1.90

7/22/08

76

STC (IYSTY) crdt $7.10 BTC (IYSTU) dbt of $4.60 Cost $2.50

7/29/08

79

32.00%

$600.00

Bullish Call Spread, Ensco (ESV)

BTO July 80 call (ESVGP) STO July 85 call ESVGQ

BTO (ESVGP) dbt $4.10 STO (ESVGQ) crdt $1.65 Cost $2.45

6/30/08

67

EXPIRED

7/18/08

-100.00%

-$2,450.00

Establishing a Bearish Put Spread in GLD

BTO Jul. 88 put (XKJRP) STO Jul. 85 put (AARH)

BTO (XKJRP) dbt $3.05 STO (AARH) crdt $1.50 Cost $1.55

6/16/08

64

EXPIRED

7/18/08

-100.00%

-$1,550.00

Bearish Bet on Natural Gas Explorer

STO Short July $60 Call (COGGL)

$1.00

7/15/08

74

$0.00

-100.00%

$1,000.00

Bullish Call Spread: A hedge on the drop in the price of crude Sunoco

BTO Jun 40 Call(SUNFH) STO Jun 45 Call(SUNFI)

BTO(SUNFH)dbt $4.80 STO Jun 45 Call(SUNFI) crdt $1.6 Cost $3.20

5/28/08

61

EXPIRED

-100.00%

-$3,200.00

Buy a call in Anadarko Petroleum (APC)

BTO July $65 Call (APCGM)

$3.65

7/8/08

70

$6.00

7/11/08

73

64.00%

$2,350.00

Bullish call spread in Mosaic (MOS)

BTO Aug. 130 call (MTJHF) STO Aug. 135 call (MTJHG)

BTO (MTJHF) dbt $12.40 STO (MTJHG) crdt $10.00 Cost $2.40

7/8/08

71

STC (MTJHF) cdt $16.00 BTC (MTJHG) dbt $13.00 Net $3.00 Minus Cost

7/9/08

72

25.00%

$600.00

Bearish spread First Solar (FSLR)

BTO Jul 260 Put (HJQSY) STO July 250 Put (HJQSX)

BTO (HJQSY) dbt $15.00 STO (HJQSX) crdt $10.00 Cost $5

7/2/08

#68

STC (HJQSY) dbt $26.10 STO (HJQSX) crdt $19.90 Net $5 Minus Cost

7/3/2008

69

24.00%

$1,200.00

Bearish Bet On Utilities (XLU)

BTO Jun 42 put (XKJRP) STO Jun 39 put (AARH)

BTO (XKJRP) dbt $1.55 STO (AARH)crdt $0.25 Cost $1.30

5/28/08

60

STC (XKJRP) CDT $.76 (AARH)Expire Worthless

6/20/08

65

-57.00%

-$740.00

Making a bearish bet on a materials company, AA

BTO 1 June 42.50 put (AARV) STO 1 June 40 put (AARH)

BTO(AARV) dbt $3.85 STO (AARH) crdt $2.39 Cost $1.46

5/12/08

59

STC(AARV) cdt $3.35 BTC (AARH) dbt $1.65 Net. $1.70 Minus Cost

6/4/08

62

16.43%

$240.00

Bullish Bias- Buy Calls (LUV)

BTO 1 Dec. 12.50 call (LUV LV)

$2.00

10/24/07

17

$13.60

6/4/08

63

8.97%

$1,120.00

Bearish bet on a solar play, Sunpower (SPWR)

BTO May 90 put (QSUQR) STO May 85 put (QSUQQ)

BTO (QSUQR)dbt $6.30 STO (QSUQQ) crdt $4.20 Cost $2.10

4/21/08

54

STC (QSUQR) crdt $8.00 BTC (QSUQQ) DBT $5.25 Net $2.10

4/24/08

58

31.00%

$2,100.00

Bearish bet on oil service stocks, OIH

BTO May $210 put (ODLQB) STO May $200 put (OIHQT)

BTO(ODLQB) dbt $10.20 STO(OIHQT) crdt $5.30 Cost $4.90

4/22/08

55

STC(ODLQB) CRDT $12.90 BTC(OIHQT) DBT $7.10 NET $.90 MINUS COST

4/24/08

57

18.00%

$900.00

Buying Calls in A Takeout Play, (HK)

BTO May 20 Call (HKED)

$2.75

4/21/08

51

$3.60

4/22/08

42.00%

$1,150.00

Bearish Put Spread OIH

BTO April 195 put (OIHPS) STO April 190 put (OIHPR)

(OIHPS)dbt $4.60 (OIHPR) crdt of $2.20 Cost $2.40

4/14/08

52

EXPIRED

4/18/08

-100.00%

-$2,400.00

Opening Bullish Calendar Spread in Rowan Drilling (RDC)

BTO May 40 Call (RDCEH) STO April 42.50 Call (VLODJ)

BTO(RDCEH) dbt $3.10 STO (RDCDV) crdt $0.80 Cost $2.30

4/2/08

49

STC(RDCEH) crdt $3.60 BTC (RDCDV) dbt $0.10 Cost $3.50 Minus Cost

4/18/08

53

52.00%

$1,200.00

Bullish Call Spread Ensco Intl, ESV

BTO Apr. 60 Call (ESVDL) STO Apr. 65 Call (ESVDM)

BTO (ESVDL) dbt $4.60 STO (ESVDM) crdt of $2.00 Cost $2.60

3/11/08

46

STC(ESVDL) crdt $5.40 BTC (ESVDM) dbt of $2.15 Net.$3.25 Minus Cost

4/3/08

50

25.00%

$650.00

Bullish Call Spread in Refining Name,VLO

BTO April 47.50 Call (VLODW) STO Apr 50 Call (VLODJ) for a credit of $2.50

BTO(VLODW)dbt $3.80 STO (VLODJ) crdt of $2.50 Cost $1.30

3/18/08

47

STC(VLODW)crdt $5.70 BTC (VLODJ) dbt of $3.80 Net 1.9 Minus Cost

4/2/08

48

46.00%

$600.00

Bullish Call Spread in Dril-Quip (DRQ)

BTO Mar. 50 Call (DRQCJ) STO Mar. 55 Call (DRQCK)

BTO (DRQCJ) dbt $3.50 STO (DRQCK) crdt $0.90 Cost $2.60

2/27/08

45

EXPIRED

3/20/08

-100.00%

-$2,600.00

Bullish Call Spread Global Industries (GLBL)

BTO Mar. 17.5 Call (GQOCW) STO Mar. 20 Call (GQOCD)

BTO (GQOCW) debit $1.65 STO (GQOCD) credit $0.50 Cost $1.15

2/19/08

42

STC(GQOCW) $2.15 BTC (GQOCD) $.60 Net $1.55 Minus Cost

2/27/08

44

35.00%

$1,150.00

Bullish Call Spread Baker Hughes (BHI)

BTO Mar. 65 Call (BHICM) STO Mar. 70 Call (BHICN)

BTO(BHICM) debit $4.40 STO (BHICN) $1.80 Cost $2.60

2/14/08

41

STC(BHICM) $5.90 BTC (BHICN) $2.50 NET $3.40 Minus Cost

2/26/08

43

31.00%

$800.00

Bearish Bias Bear Put Spread Cleveland Cliffs (CLF)

BTO Feb. 95 put (CLF NS) STO Feb 90 put (CLFNR)

(CLF NS)debit $5.35 (CLFNR) credit $3.15 Cost $2.20

1/25/08

34

EXPIRED

2/15/08

-100.00%

-$2,200.00

Buy Bullish Call Spread in BJ Services (BJS)

BTO Feb. 22.50 Call (BJSBX) STO Feb. 25 Call (BJSBE)

BTO (BJSBX) for $2.40 STO (BJSBE) for $0.85 Cost $155

1/3/08

31

STC(BJSBX)CRDT $2.10 STC(BJSBE) DBT $0.15 Net $195 Minus Cost

2/14/08

40

26.00%

$400.00

Bearish Bias Bear Put Spread Sunpower Corp (SPWR)

BTO Feb, 70 put (QSU ON) STO Feb 65 put (QSU OM)

(QSU ON) debit $9.30 STO(QSU OM) credit $6.70 COST $2.60

1/31/08

37

STC(QSUNN) for $8.50 BTC(QSUNM) for $4.90 Net 3.60 Minus Cost

2/6/08

39

38.00%

$1,000.00

Bullish Bias- Bull Call Spread, SWC

BTO Nov. 10 call (SWC KB) STO Nov. 12.50 call (SWC KV)

BTO (SWC KB) DBT 1.60 STO (SWC KV) CRDT .30 COST $130

10/12/07

14

Buy 100 shares SCW at 9.48 STO SWCAB Cr .8 COST 9.98

2/4/08

38

35.00%

$3,490.00

Bearish Bias Bear Put Spread Oil Service HOLDRS (OIH)

BTO Feb 165 put (OIH NM) STO Feb 160 put (OIH NL)

(OIH NM) debit $7.80 (OIH NL) credit $5.40 Cost $2.40

1/25/08

35

STC(OIHNM) Crdt $8.60 BTC(OIHNL) Dbt $5.90 Net. $2.70 Minus Cost

1/30/08

36

13.00%

$300.00

Bearish Bias Bear Put Spread Barrick Gold (ABX)

BTO Feb.50 put (ABXNJ) STO Feb. 47.50 put (ABXNT)

(ABXNJ) debit $3.25 (ABXNT) credit $2.00 Cost $1.25

1/9/08

17

STC (ABXNJ) CRDT $5.40. BTC Put (ABXNT) DBT $3.70 NET 1.70 MINUS COST

1/18/08

33

36.00%

$450.00

2007 CLOSED TRADES

Bearish Bias-Bear Put Spread SPDR TRUST SERIES (SPY)

BTO Dec. 141 put (SFB XK)STO Dec. 137 put (SYH XG)

BTO 141 (SFB XK)dbt $4.05 STO (SYH XG) crdt $2.51 Cost $154

11/27/07

21

Expire

12/21/07

-100.00%

-$1,540.00

Oil Service Holders Trust (OIH) Bull Call Spread

BTO OIH Aug. $165 Call (OIHHM), STO OIH $175 Call (ODLHP)

OIHHM debit $5.20 ODLHP credit $1.40 NET $3.90

8/7/07

1

$5.15 NET (OIHHM Credit $7.30 ODLHP debit $2.15) MINUS COST

8/7/07

2

32.05%

$1,250.00

Royal Gold STO Sept. Bull Spread

BTO RGLD Sept. $30 Call (MJQIF) STO RGLD Sept. $35 Call (MJQIG)

$1.93 (MQIF) debit (MJQIG) credit $.40 NET $1.43

8/17/07

3

NET $.22 (Credit MQIF $1.90 Debit MJQIG .15) MINUS COST

9/11/07

5

14.00%

$220.00

SLB Spread

Schlumberger,October 90 call, October 100 call

BTO - 8.10 STO 2.70 Net $5.4

8/30/07

4

NET $7.00 (Credit SLBJR $12 Debit SDBJT $5)MINUS COST

9/11/07

6

30.00%

$1,600.00

Gold & Silver Stk Indx

BTO XAU Oct $172.50 Put SWOVO STO Oct. 167.50 SWO VN

Debit SWOVO $7.40 Credit SWOVN $4.90 Debit net $2.50

9/24/07

8

BTC SWOVO Credit $10.40 STC SWOVN $7.40 Credit $3.00 Net $.50

9/26/07

10

20.00%

$500.00

S & P Bearish Bias Bear Put Spread

BTO Sept 149 Put SFBUS STO Sept 146 put SFBUP

BTO SFBUS 2.35 STO SFBUP 1.20 Cost $1.15

9/14/07

7

9/21/07

-100.00%

-$1,150.00

Bearish Bias-Bear Put Spread PGN

BTO Oct. 50 put (PGN VJ), STO Oct. 50 put (PGN VJ)

(PGN VJ) debit $3.40 (PGN VI) $0.35 COST 3.05

9/28/07

11

NET $3.55 (PGN VJ Credit $3.75 PGN VI $0.20) MINUS COST

10/15/07

15

17.00%

$500.00

Bearish Bias-Bear Put Spread - SPY

October 152 Put (SYH VV) October 150 put (SYH VT)

BTO (SYH VV) $2.60 (SYH VT) credit $1.90 Cost .$70

9/24/07

9

NET $.35 (Credit SYHVV $.40 Debit SYHVT $0.05) MINUS COST

10/19/07

16

-50.00%

$350.00

Bullish Bias- Bull Call Spread Eagle Materials

BTO November 35 call (EXP KG) STO November 40 call (EXP KH)

BTO EXPKG DBT $3.90 STO EXPKH CRDT $1.20 COST $2.70

10/5/07

12

NET $3.30 (STC EXPKG CRDT 4.2 BTC EXPKH CRDT .9) MINUS COST

10/31/07

18

22.22%

$600.00

Bearish Bias-Bear Put Spread EXXON MOBIL

BTO November 90 put (XOM WR) STO November 85 put (XOM WQ)

BTO XOMWR DBT $2.60 STO XOMWQ CRDT $1.05 COST $1.55

10/5/07

13

NET $2.30(STC XOMWR CR 3.40 BTC XOMWQ DR 1.10) MINUS COST

11/2/08

19

48.00%

$750.00

Bearish Bias-Bear Put Spread OIL SERVICE HOLDRS TRUST (OIH)

BTO Dec. 180 put (ODL XP) STO Dec. 175 put (ODL XO)

BTO (ODL XP) dbt $6.30 STO (ODL XO) crdt $4.40 Cost $190

11/27/07

22

Spread value $2.50 Minus Cost 1.90

12/18/07

24

31.57%

$500.00

Conoco Phillips (COP)

Buy 1 January 85 Call (COPAQ)

BTO (COPAQ) $2.20

12/18/07

23

.64 (BTO 2.20 STC 2.84)

12/20/07

27

29.00%

$640.00

Buy Bullish Call Spread in Agnico Eagle Mines (AEM)

BTO Jan. 45 Call (AEMAI) STO Jan. 50 Call (AEMAJ)

BTO (AEMAI) $4.40 STO (AEMAJ) $1.80 COST $2.60

12/18/07

25

NET $3.40 (STC (AEMAI) CRDT $6.10 BTC (AEMAJ) DBT $2.70) MINUS COST

12/21/07

29

31.00%

$800.00

Buy Bullish Call Spread in First Solar (FSLR)

BTO Jan. 250 Call (HJQAX) STO Jan. 260 Call (HJQAY)

BTO (HJQAX) DBT $22.30 STO (HJQAY) CRDT $17.90 COST $4.40

12/19/07

26

NET 6 (STC (HJQAX) CDT $34.70 STO (HJQAY) DBT $28.70) MINUS COST

12/24/07

30

36.00%

$1,600.00

TOTAL

4232.36%

$103,330.00

CUMULATIVE %

CUMULATIVE PROFITS'