Execution Date Action Description Quantity Description Price Commission Reg Fees Total Cost

5/26/2010 9:59 Sell To Open 20 CREE Jun10 65 Put $3.02 $20.00 $0.33 $6,019.67
5/26/2010 9:59 Buy To Open 20 CREE Jun10 60 Put ($1.52) $20.00 $0.22 ($3,060.22)
Net Credit: $1.50 $2,959.45

Trade Execution All information is intended for educational
purposes only and should not be considered
STO June 65 Put as a recommendation to buy or sell any
security, and in no way should be considered
BTO June 60 Put investment advice. Options involve risk and
are not suitable for all investors. All rights and
Limit Order - 1.50 credit obligations of options instruments should be
fully understood before entering any trade.
May 26, Initiated a 65/60 bull put. This is an adjustment from a May 70/65 bull put. Credit received $1.50; Risk $3.50; ROI =
43%. Expectation is that share value will be above 65 at June expiration.
PE - Max Reward, all options expire worthless.
SE- If long option is broken, review DD to determine if the move is fundamental in nature. If move is accelerated and due to
a fundamental event, look to add another set of long options NTM with at least two weeks of time value to create a ratio
spread that optimizes the current trend. If move is slow to stagnant, I will look to roll the trade out to July at a credit. If I
can find confirmed resistance, I will add a Bear Call to cap the trade to reduce my risk and increase my profit potential as we
approach June Expiration.