The Saxon Institute

Thursday, January 24, 2008

1.24.08 4.15 Settlement

Trade Date:
1/24/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L

-2	Open				1342.00	SA2
-3	10:04			1345.250	1352.75	SE3
-2	10:12	BF1	1347.25				-$100.00
-1	10:14	BF2	1340.00				$262.50
0	10:20	BF3	1339.25				$287.50
1	12:40	BE1	1338.25
0	12:56				1345.00	SF	$337.50
-1	2:07				1452.25	SE1
0	12:57	BF	1347.25				$250.00
-1	3:40				1452.75	SE1
-1	4:15	Close	1352.00				$37.50


					7.96%		$1,075.00

Summary

Gain today of $1075.00, for a gain of 7.96%.

Our market activity was initiated from the BE side (one time) and the SE side (two times): six trades were filled, two were filled from the overnight position, another one is being carried overnight.

We concluded the session (SE1 at 1352.75).

BF1 1342.25
BS1 1367.25

SE1 Filled

Filled	1352.75	SE1
Position:	-1	Price	1352.750

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF	1348.25		1359.75	SE2

BF Filled

Filled	1347.25	BF
Position:	0	Price

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1339.25		1352.75	SE1

SE1 Filled

Filled	1352.25	SE1
Position:	-1	Price	1352.250

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1357.25		1358.75	SE2

SF Filled

Filled	1345.00	SF1
Position:	0	Price

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1338.25		1352.25	SE1

BE1 Filled

Filled	1338.25	BE1
Position:	1	Price	1338.250

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1331.00		1345.00	SF1

New BE1 and SE1

Working Orders:
	Buy	Sell
Type	Price	Price	Type
BE1	1338.25	1352.25	SE1

BF3 Filled

Filled	1339.25	BF3
Position:	0	Price

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1335.25		1353.75	SE1

BF2 Filled

Filled	1340.00	BF2
Position:	-1	Price	1345.250	SA2

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF3	1339.25		1353.75	SE3

BF1 Filled

Filled	1347.25	BF1
Position:	-2	Price	1345.250	SA2

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1340.00		1353.75	SE3

SE3 Filled

Filled	1352.75	SE3
Position:	-3	Price	1345.250	SA3

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1347.25
BS3	1366.75

Good Morning

We came is today Short 2 contracts. Overnight we were not Filled on the BF2 or BS2, so at this time they are canceled.

For the open:

Position:	-2	Price	1341.500	Close

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1336.25		1352.75	SE3

Wednesday, January 23, 2008

1.23.08 Settlement 4.15

Trade Date:
1/23/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L

-1	9:58				1291.75	SE1
-2	10:04			1295.250	1298.75	SE2
-3	10:17			1299.750	1306.75	SE3
-2	10:22	BF1	1300.25				-$25.00
-1	10:41	BF2	1294.25				$275.00
0	11:34	BF3	1290.50				$462.50
1	11:46	BE1	1285.25
0	12:22				1291.00	SF1	$237.50
1	12:32	BE1	1285.25
2	12:39	BE2	1278.50	1281.875
3	12:49	BE3	1271.25	1278.333
2	12:55				1279.75	SF1	$70.85
1	12:55				1284.75	SF2	$321.00
0	1:22				1288.75	SF3	$520.85
1	1:31	BE1	1282.25
0	1:36				1288.75	SF1	$325.00
-1	1:50				1296.75	SE1
-2	2:14			1299.750	1302.75	SE2
-1	2:54	BF1	1294.25				$275.00
-2	2:59				1302.75	SE2
-3	3:04				1309.75	SE3
0	3:24	BS	1325.00				-$3,127.00
-1	3:44				1331.75	SE1
-2	3:49			1335.250	1338.75	SE2

-2	4:15	Close	1342.00				-$675.00

					-9.921%		-$1,339.30

Summary

Loss today of $1339.30, for a loss of 9.921%.

Our market activity was initiated from the BE side (four times) and the SE side (nine times): eight trades were filled, three were closed by stops, and two are being carried overnight.

We concluded the session (SE12 at 1335.25).

BF12 1315.25
BS12 1355.25