05/21/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.8%	0.1%	16.2%	52.3%

June 2007 Positions

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.5%	1.3%	18.5%	53.8%

May 2007 Review

05/2007 return: 5.7%

It took two months' gain (April and May) to make up one month's loss (March).

Nevertheless, it's good to be back.

:-D

05/18/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.3%	2.3%	18.7%	49.9%

05/14/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

2.7%	1.1%	12.6%	60.2%

05/09/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.3%	0.0%	28.1%	132.2%

05/07/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.6%	0.0%	17.5%	92.9%

05/02/2007

10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

3.6%	0.0%	20.1%	66.9%