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CORRECTED WATCH LIST - September MCM - 9-14-06

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WATCH LIST COMMENTARY: IR, RYL and WBMD all go on WATCH LIST
with one (1) day to go. SBUX still $0.50 in the money and ^SOXX will be
exercised for Cash settlement in the morning as soon as all
the components open on Friday.

^SOXX - Will be assigned on Friday morning, based on component openings and
and will be settled on a cash basis for a NET DEBIT of $5.00.
You should have received a blog tonight trvommrndinh an October 425/420 put spread for 20 contracts.

IR - Sneaks onto the WATCH LIST with one day remaining. It is still over $1.39 points out of the money .

RYL - Just will not go away, on the WATCH LIST again, still $0.66 out of the money
but the big $3.75 up day, on Tuesday still is fresh in my mind. Hold your breath.

WBMD - I thought we were over this one too, but it is is determined to try and make a run on Friday We do have almost a $1.00 of protection ( $0.93, going into tomorrow. Another nail bitter.

SBUX - closes $0.53 in the money going into expiration Friday.
If the stock closes over $32.50 ( more like $32.55) close out position
at close. If the stock pulls back you need do nothing, if not
be prepared to close out the short position (your Sept $32.50 Call)
at close.

Everything else not on the WATCH LIST is on schedule to expire

REMINDER: If any of the WATCH list issues closes above the strike price, be sure
to close out those position at close tomorrow.

Current Issues on the WATCH LIST as of: 9/14/2006

^SOXX
SBUX
RYL
WBMD
IR


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