Options Estimation Model for 2006 - Including Broker and Subscription Fees

Number of Closed Trades in 2006 =

45

45

45

45

0.9

Trades per week

Number of contracts per trade  =

1

2

5

10

Avg. Premium Cost per trade =

$624.80

$1,249.60

$3,124.00

$6,248.00

Total Premiums =

$28,116

$56,232

$140,580

$281,160

Avg % Profit per Trade X Total Premiums =

$4,537.52

$9,075.03

$22,687.58

$45,375.16

16.1%

Average profit

Broker Commission (Etrade) =

-$966.60

-$1,034.10

-$1,236.60

-$1,574.10

Subscription Cost to date =

-$5.00

-$5.00

-$5.00

-$5.00

Average Profit After Expenses =

$3,565.92

$8,035.93

$21,445.98

$43,796.06

6.1

Average days

Stock

Buy Date

Buy Price

Sell Date

Sell Price

P/L(%)

Option

NTY

12/27

7.50

1/3

6.30

-16.0%

NTYCG MAR 35.00 CALL

BHI

1/3

8.50

1/9

7.00

-17.6%

BHINO FEB 75.00 PUT

LUV

1/16

0.45

1/17

0.30

Strangle

LUVCW MAR 17.50 CALL

LUV

1/16

0.25

1/23

0.40

13.3%

LUVOC MAR 15.00 PUT

INTC

1/10

0.60

1/17

0.25

Strangle

NQBX FEB 22.50 CALL

INTC

1/10

0.20

1/24

0.20

-29.2%

NQND FEB 20.00 PUT

WFR

1/28

5.80

1/31

4.30

-25.9%

WFRCJ MAR 50.00 CALL

NTY

1/26

6.60

2/5

9.30

40.9%

NTYCI MAR 45.00 CALL

SPG

2/4

3.60

2/7

5.60

55.6%

SPGDD APR 120.00 CALL

GGP

2/14

7.20

2/20

7.70

6.9%

GGPGL JUL 60.00 CALL

SLM

2/25

3.90

2/28

3.50

-10.3%

SLMSI JUL 45.00 PUT

MYGN

3/5

3.10

3/10

2.40

-22.6%

GSQHG AUG 35.00 CALL

CTX

3/5

6.20

3/7

5.30

-14.5%

CTXSJ JUL 50.00 PUT

BZH

3/13

7.60

3/15

7.00

-7.9%

BZHQH MAY 40.00 PUT

PEG

3/11

6.70

3/26

8.60

28.4%

PEGFO JUN 75.00 CALL

RS

4/2

6.50

4/10

6.80

4.6%

RSFI JUN 45.00 CALL

KBH

4/11

5.10

4/12

4.90

-3.9%

JUL 45.00 P KBHSI.X

X

4/16

7.20

4/17

6.80

-5.6%

XGB JUL 110.00 CALL

CP

4/25

5.60

5/3

5.10

-8.9%

CPFL JUN 60.00 CALL

VLO

5/1

6.90

5/4

8.37

21.3%

ZPYIN SEP 70.00 CALL

HET

3/11

2.25

5/8

2.25

0.0%

HETHQ AUG 85.00 CALL

VLO

5/6

7.41

5/8

7.69

3.8%

ZPYIN SEP 70.00 CALL

ESI

5/15

8.20

5/16

9.70

18.3%

ESIGT JUL 100.00 CALL

ECA

5/12

4.70

5/22

4.03

-14.3%

ECAGL JUL 60.00 CALL

MRO

5/12

8.00

5/30

9.40

17.5%

MROGC JUL 115.00 CALL

PKX

6/4

4.70

6/7

3.80

-19.1%

PKXHF AUG 130.00 CALL

AAPL

6/25

9.80

6/26

8.40

-14.3%

APVJF OCT 130.00 CALL

MRO

6/21

3.41

6/26

2.80

-17.9%

MROJM OCT 65.00 CALL

JOE

6/11

8.20

6/28

8.80

7.3%

JOEUK SEP 55.00 PUT

MDR

7/2

8.60

7/6

10.77

25.2%

MDRHP AUG 80.00 CALL

KBH

7/10

8.10

7/12

8.90

9.9%

KBHTI AUG 45.00 PUT

KBH

7/18

9.90

7/24

12.90

30.3%

KBHVI OCT 45.00 PUT

CIT

7/24

5.70

7/24

6.20

8.8%

CITVJ OCT 50.00 PUT

PLCE

7/30

5.60

8/2

6.60

17.9%

TUYUH SEP 40.00 PUT

GRMN

8/8

5.00

8/10

5.50

10.0%

RZJIA SEP 105.00 CALL

CHL

8/27

5.30

8/31

9.70

83.0%

CHLJL OCT 60.00 CALL

SII

9/1

5.10

9/6

6.20

21.6%

SIKJM OCT 65.00 CALL

LFG

9/10

5.60

9/12

7.00

25.0%

LFGXI DEC 45.00 PUT

FCX

9/18

8.00

9/19

13.30

66.3%

FCXKT DEC 100.00 CALL

BG

9/24

7.49

9/28

9.80

30.8%

BGAA JAN 105.00 CALL

POT

10/2

7.80

10/10

9.20

17.9%

PYPKB DEC 110.00 CALL

FCX

10/8

6.40

10/10

12.10

89.1%

FCXKB NOV 110.00 CALL

LFC

10/11

11.10

10/17

16.00

44.1%

LFCAT JAN 100.00 CALL

ABK

10/20

6.80

10/25

12.50

83.8%

ABKMK DEC 55.00 PUT

APOL

10/30

5.90

11/1

8.10

37.3%

OAQAO JAN 75.00 CALL

FNM

11/19

5.70

11/20

12.60

121.1%

FNMMH JAN 40.00 PUT

CNX

12/18

6.50

12/22

8.30

27.7%

CNXDN APR 70.00 CALL