1.30.08 4.15 Settlement

Trade Date:
1/30/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-2	Open			1362.000
0	overnight	BF12	1358.25				$375.00
					2.78%		$375.00

Summary:

A Gain today of $375 at 2.78%.

Our market activity began with a carry over position (SE12: 1362.00). Both were filled overnight at a profit.

We concluded the session Flat.

Position Flat ...No working orders at this Time

Position:	0	Price
Working Orders:
	Buy		Sell
Type	Price		Price	Type

New BE1 and SE1

Position:	0	Price
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1351.25		1365.75	SE1

Good Morning

We were filled over night on our BF12; 1358.25.

We begin the day Flat.

1.29.08 4.15 Settlement

Trade Date:
1/29/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-3	Open			1354.500
-2	9:49	BF1	1259.25				-$237.50
-1	1:02	BF2	1252.25				$112.50
-2	3:24			1360.375	1366.25	SE2
-2	Close		1362.00				-$162.50
					-2.13%		-$287.50

Summary:

A Loss today of $287.50 at -2.13%.

Our market activity began with a carry over position (SE123: 1348.25). One was concluded at a loss. An intra-day trade was completed from the SE side for a profit of $112.50. A two lot position (SE12: 1360.375) is being carried overnight.

We concluded the session (SE12 at 1360.375).

BF1 and BF2 1358.25
BS 1387.00

SE2 Fillled

Filled	1366.25	SE2
Position:	-2	Price	1360.375
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1360.25		1342.75	SE3

BF3 Raised

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF3	1352.25		1366.25	SE3

BF2 Filled

Filled	1352.25	BF2
Position:	-1	Price	1354.500	previous close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF3	1345.25		1366.25	SE2

BF1 Filled New SE3 and BS123 Canceled

Filled	1359.25	BF1
Position:	-2	Price	1354.500	previous close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1352.25		1366.25	SE3

New BF1 and BS123

Position:	-3	Price	1354.500	Previous Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1359.25
BS123	1374.75

Good Morning

No trades were executed overnight. We remain short 3 contracts and all bids and offers are canceled at this time.

1.28.08 4.15 Settlement

Trade Date:
1/28/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
3	Open			1334.000
2	10:22				1334.75	SF1	$37.50
1	10:49				1341.75	SF2	$387.50
0	10:56				1341.75	SF3	$387.50
-1	10:59				1342.75	SE1
-2	1:06			1344.750	1346.75	SE2
-1	3:14	BF1	1341.25				$175.00
-2	3:33			1345.500	1346.75	SE2
-3	3:43			1348.250	1353.75	SE2
-3	4:15	Close	1354.50				-$937.50
					0.37%		$50.00

Summary:

A Gain today of $50.00 at .37%.

Our market activity began with a series (3) of BFs that filled the BE123 that was carried over the weekend, it was concluded profitably. An intra-day trade was completed from the SE side for a profit of $175. A three lot position (SE123: 1348.25) is being carried overnight.

We concluded the session (SE123 at 1348.25).

BF1 1345.25,BF2 1335.25, BF3 1325.25
BS123 1380.00

New BF1

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1348.00
BS123	1360.00

BE3 Filled

Filled	1353.75	SE3
Position:	-3	Price	1348.250	SA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1345.25
BS123	1360.00

SE2 Filled

Filled	1346.75	SE2
Position:	-2	Price	1345.500	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1340.25		1353.75	SE3

BF1 Filled

Filled	1341.25	BF1
Position:	-1	Price	1344.250
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1337.00		1346.75	SE2

SE2 Filled

Filled	134675	SE2
Position:	-2	Price	1344.750
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1441.25		1353.75	SE3

New SE2

Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1336.25		1346.75	SE2

SE1 Filled

Filled	1342.75	SE1
Position:	-1	Price	1342.750
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1336.25		1349.75	SE2

SF3 Filled

Filled	1341.75	SF3
Position:	0	Price
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1328.25		1342.75	SE1