2007-05-16 JW Trading Activity :

It was a little painful adding all these positions over the past few days. As SFBER's expiration approaches, I'm happy to close it at a good price. However, model indicated to open another position today so I sort of rolled the position into June 148 Call. Hope they will work out in the next few days.

Closed position: SFBER - SPY May 148 Call @ 3.60, +60%
2007-05 month to date return : 4.63%
2007 year to date return : 21.61%
vs. 2007 year to date SPY (S&P500) return : 7.05%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.18
Trailing 12 Month Model Alpha (Annualized) : 53.14%

Initiated long position with SFBFR - SPY June 148 CALL @ 5.10.

Open position: 4