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FINAL OPTION WRITER PORTFOLIO RESULTS FOR AUGUST 2007

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I never linger over profitable months, and the same is true of a bad month. This is unquestionably, was the worst month in the history of the Option Writer. The global credit worries didn't do much to help the market. And don't get to excited about the rate cut, that only leaves the door potentially open for inflation later on the road. Didn't the Feds say that inflation was their main priority? Any way the Option writer was down $ $9.270 for August . It was our first real loss in over a year (not counting the $50 loss in January.)

Anyway here is how we ended up. Please note the portfolio is here and will be posted in the portfolio section until Monday. On Monday, the September positions will be posted

FINAL AUGUST 2007 RESULTS BELOW

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