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WATCH LIST - AUGUST 8-17-06

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DATE: AUGUST 8-17-06
AUGUST WATCH LIST


THE OPTION WRITER

STOCK

PRICE

ON WATCH LIST IF:

WATCH LIST PRICE

SID

31.65

below >>

28.00

BRLI

21.98

below >>

21.50

AMAG

31.05

below >>

31.50

GM

30.56

below >>

31.50

CAL

24.17

below >>

25.00

AMR

21.02

below >>

22.00

BOOM

31.89

below >>

31.50

TEN

24.24

below >>

23.00



WATCH LIST COMMENTARY: CHANGES

WATCH LIST: AMAG goes back on the WATCH LIST as CAL, AMR and GM remain there as well, but still have some breathing room as we enter tomorrow.


WATCH LIST: ACTION


CAL - gave back a little today, although CAL remains on our WATCH LIST of $25.00. We have about $1..67 of protection going into tomorrow. Oil prices will remain the key tomorrow.

AMR - gives back $0.09 closes down to $21.02, also still on WATCH list , but has a $1.02 of protection going into Friday.

GM- bounces slightly to $30.99 which is still below the $31.50 WATCH LIST Price and drops slightly to $30.56 thus remains on the WATCH LIST list, However, being $3.06 out of the money, GM looks pretty good going into tomorrow


THE OTHER ISSUES are looking pretty good for tomorrow


BOOM ( $1.89 out of the money )

TEN ( $1.74 out of the money)

BRLI ( $1.98 out of the money)

SID ( $6.65 out of the money )

IF WE MAKE IT THROUGH TOMORROW ( and there is a better then good chance we should). We get to keep all our premiums this month.

CURRENT ISSUES on WATCH LIST: 8-17-06

AMAG CAL AMR GM

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