Account 2 Status and Comparison to Mutual Fund Account

This report reflects the status of Account 2 prior to opening of the market 22 Sep 2008 or after calls expired /exercised 19 Sep 2008. The account is compared to a Mutual Fund account. Initial funding for Account 2 was obtained from the Mutual Fund account and us opened1 Jul 2008.

Closed Positions (16 positions)
Total Cost $161,229.86
Total Gain $6,661.45
Net 4.13%, Avg. Monthly 5.24%, Avg. 63.77%
Average Holding Period 24 days

Open Positions (13 positions, 2 have CCs against)
Total Cost $172,029.14
Current Value $ 156,288.00
Income to Date $9,828.72
% Income to Date 5.71% (based on cost), Avg Monthly 3.42%
Average Holding Period 50

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).

1 Jul 19 Jul 15 Aug 19 Sep
Account 2 (OpXpress) – 1.000 0.993 0.998 0.986
CFA Mutual Fund (RJF)– 1.000 0.971 0.980 0.943
Delta Acct 2 to CFA % 0 2.2% 1.8% 4.3%

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 value since I believe the stocks will recover in time.