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WATCH LIST - Option Writer 8-14-06

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DATE: AUGUST 8-14-06

AUGUST WATCH LIST

THE OPTION WRITER

STOCK

PRICE

ON WATCH LIST IF:

WATCH LIST PRICE

SID

30.29

below >>

28.00

BRLI

21.61

below >>

21.50

AMAG

31.46

below >>

31.50

GM

30.20

below >>

31.50

CAL

22.51

below >>

25.00

AMR

19.26

below >>

22.00

BOOM

30.34

below >>

31.50

TEN

22.60

below >>

23.00

WATCH LIST COMMENTARY:

WATCH LIST: TEN & CAL come above the STRIKE PRICE and slightly out of the money. AMR recovers some, but still remains below the strike price

BOOM - drops again below our WATCH LIST price of $31.50 with close at $30.34

AMAG - up slightly barely misses closes above our WATCH LIST price of $31.50 with close at $31.46

CAL - Easing oil prices and the middle cease fire helps CAL get above our short put price, eventhough it remains under our WATCH LIST of $25.00. Let's hope for the oil prices to stable just a few more days

AMR - closes up to $19.26,added by the middle ease and probably more by sliding oil prices. Still helping for a stand at least in the mid $19 area. Of course the stock still is on the WATCH LIST, and with oil prices the wild card, it is going to seem like a long trek until the Friday expiration.

TEN - bounces today closing at $22.63, still on our WATCH LIST, but at least staying above our strike price.

GM- conitnues its descent to $30.20 which is below $31.50 WATCH LIST Price

and remains on the list. Analyst seem to be favoring Ford (F) a little more at this time.

CURRENT ISSUES on WATCH LIST: 8-14-06

GM

AMR

TEN

CAL

BOOM

AMAG

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