Account 2 Status and Comparison to Mutual Fund Account

This report reflects the status of Account 2 prior to opening of the market 18 Aug 2008 or after calls expired /exercised 15 Aug 2008. The account is compared to a Mutual Fund account. Initial funding for Account 2 was obtained from the Mutual Fund account.

Closed Positions (13 positions)
Total Cost $130,589.31
Total Gain $4,380.54
Net 3.35%, Avg. Monthly 4.29%, Avg. Annual 52.19%
Average Holding Period 23 days

Open Positions (7 positions, 3 have CCs against)
Total Cost $109,641.04
Current Value $ 98,111.00
Income to Date $6,116.07
% Income to Date 5.58% (based on cost)
Average Holding Period 34

Normalized Comparison with CFA managed Mutual Fund Account. Both accounts were normalized to 1.00 after the account was split into Account 2 and CFA Mutual Fund (RJF).

Account 2 (OpXpress) – Normalized Position – 0.998
CFA Mutual Fund (RJF)– Normalized Position - 0.980

Stock buys were mostly made using CSE Advanced Charting techniques. However, I limit chooses to known stocks that I consider high quality. To date no TSS or special management techniques have been used in this account. My goal is not as aggressive as CSE pitches. My goal is a 2-3% cash flow per month and to try and minimize risk of account value decreasing by selling ITM calls (the majority of the time). To date, I have done better than the CFA/Broker. I am not overly concerned about account 2 value since I believe the stocks will recover in time.

12 Positions Exercised/Assigned Today

EXERCISED AUG 08
ACCOUNT 1
CSCO BTO 100 shares CSCO ($2,216.76)
STO 1 22 Aug 08 @ 0.88 Income Net $79.74 Exercised
Net 2.07% - Monthly 2.83%, Annual 33.9%

LDK
STO 1 45 Aug08 @ 0.85 net $76.74
BTC 1 45 Aug 08 @0.42 ($33.25)
STO 1 40 Aug 08 @0.55 net $46.74
If exercised net 3.45% - monthly 1.23%, annual 14.8%
Note: transactions before Aug not shown – Holding period 84 days

ACCOUNT 2
UNH
BTO 400 shares UNH @23.37 ($10,957.95)
STO 4 27.5 Aug08 @ 1.05 Income 407.04 Exercised
Net 3.98% - Monthly 5.69%, Annual 69.17%

GE BTO 400 shares GE @ 28.05 Total ($11,229.91)
STO 4 28GE Aug 08 @ 0.79 Income $303.04 Exercised
Net 2.32% - Monthly 2.90% , Annual 35.23%

RIMM BTO 100 shares @ 123.29
STO 1 115Jul08 @10.00 net $987.04 Expired
STO 1 120 Aug 08 @ 4.00 net $87.04 Exercised
Net 8.28% Monthly 5.78% - Annual 70.32%

SWHC BTO 1000 shares @ 5.09 ($5107.00)
STO 10 5 Sep08 @ Income $537.04 Exercised
Net 8.22% - Monthly 5.74%, Annual 69.82%

RRGB BTO 300 shares @ 29.20 ($8,769.93)
STO 3 25Sep08 @ Income $1457.00 Exercised
Net 2.02% - Monthly 1.64%, Annual 19.92%

SPLS BTO 500 shares @22.41 ($11,214.95)
STO 5 Aug08 @ 0.85 Income $412.04 Exercised
Net 3.87% - Monthly 5.81%, Annual 70.32%

WM BTO 1000 shares @ 4.03 ($4,039.95)
STO 10 3Aug08 @ 1.46 Income $1447.04 Exercised
Net 9.75% - Monthly 14.63%, Annual 178.0%

KO BTO 200 shares @ 51.51 ($10,311.95)
STO 2 50 Aug08 @ 2.00 Income $387.04 Exercised
Net 0.60%, Monthly 1.06%, Annual 12.93%

CVS BTO 300 shares @38.27 ($11,490.95)
STO 3 37.50Aug08 @ 1.85 Income $542.04 Exercised
Net 2.51%, Monthly 4.42%, Annual 53.83%

Busy Studying Positions That Could be Assigned

I am busy figuring out what to do with positions that could be exercised/assigned. Currently Account 1 has between 1 and 3 positions and Account 2 has between 9 and 12 positions that could be assigned. I have started the process to determine if I want to roll out any positions. I am also busy evaluations stocks to open positions in next week.

More Gold AUY Added Position

I increased my gold position at today price for AUY

AUY BTO 500 shares @ 9.52 ($4,769.45)
STO 5 10 AUY Aug 08 @ 0.15 Income $62.04
If Exercised Net 5.86 %, Monthly 43.97%, Annual 534.92%

COST Adjustment

Sold Sep calls today after buying back Aug 67.5 call a few days ago

COST BTO 200 shares @72.85
STO 2 72.5Jul08 @ 1.85 net $377.04 Expired
STO 2 72.5 Aug08 @ 2.30 net 447.04
BTC 2 72.5 Aug08 @0.15 ($42.95)
STO 2 67.5 Aug08@0.75 net $137.04
BTC 2 67.5 Aug 08 @ 0.25 ($62.95)
STO 2 72.5 Sep 08 @0.70 net $127.04
Net if Exercised 6.32 %, Monthly 2.46%, Annual 29.95%