Exercised Positions Sep - AIG, SPLS, JPM, XHB

A total of 4 positions were exercised between accounts 1 and 2.

Exercised/Closed Positions Account 2
AIG BTO 1000 shares @2.06 ($2069.95)
STO 10 2.50 Sep 08 @0.20 Income $187.04 Exercised
Exercised 29.33%, Monthly 439.97%, Annual 5352.93%

SPLS BTO 500 shares @23.45 ($11,734.20)
STO 5 22.5 Sep 08 @ 1.90 Income $937.04 Exercised
Exercised 3.77% Net, Monthly 3.77%, Annual 45.92%

JPM BTO 300 shares JPM @ 40.19 Total ($12,066.95)
STO 3 40JPM Aug08 @ 1.99 Income $584.04 Expired
STO 3 40 JPM Sep08 @ 0.95 Income $272.04 Exercised
Exercised net 6.46% - Monthly 3.34%, Annual 40.63%

Exercised/Closed Position Account 1
XHB Net Return 8.25% in 109 days, 2.27% Monthly and 27.2% Annual

PHM - Position Added Account 1

Pulte Homes
PHM BTO 100 shares @17.2699 ($1733.99)
STO 1 17.5 Oct 08 @1.65 Net Income $156.74
RIU 9.04%, RIE 8.98%, Monthly RIE 9.62%, Annual RIE 115.5%

Pulte Homes and Toll Brothers are the 2 strongest (best financial position, cash available) home builders in US. They will probably lead the new home recovery area.

GE Rolled Out

With the high probability that GE would be suspended from short trading by Monday, I decided to roll it out today.

GE BTO 400 shares @ 29.86 ($11,953.95)
STO 4 30 Sep 08 @0.78 Income $267.04 Expired
BTC 4 30 Sep 08 @ 0.01 ($12.95)
STO 4 29 Oct 08 @ 1.06 Income $397.08
Dividend $124 Payable 27 Oct
If Exercised 3.71% Net, Monthly 1.89%, Annual 22.94%

APA Rolled Out and Up

APA was adjusted today because of sudden spike in price. 120 Sep call rolled out and up to 135 Oct call

APA BTO 100 shares @ 143.55
STO 1 135Jul08 @ 10.20 net $1007.04
BTC 1 135Jul08 @ 0.50 net ($62.95)
STO 1 130Jul08 @ 1.00 net $87.04 Expired
STO 1 135 Aug 08 @ 0.90 net $77.04
BTC 1 135 Aug08 @ 0.35 (47.95)
STO 1 125 Aug08 @ 1.00 $87.04 Expired
STO 1 130 Sep 08 @ 0.70 $57.04
BTC 1 130 Sep 08 @ 1.07 ($119.95)
STO 1 135 Sep 08 @ 0.55 $42.04
BTC 1 135 Sep 08 @ 0.80 ($92.95)
STO 1 120 Sep 08 @ 0.75 $62.04 Expired
BTC 1 120 Sep 08 @ 1.3 ($142.95)
STO 1 135 Oct 08 @ 2.4 Income $227.04
Net if Exercised 2.79% - Monthly 0.80% - Annual 9.69%

AIG - Gamble of the Month

Gamble of the month.

AIG BTO 1000 shares @2.06 ($2069.95)
STO 10 2.50 Sep 08 @0.20 Income $187.04
If Exercised 29.33%, Monthly 439.97%, Annual 5352.93%
If Not Exercised 9.04%