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To: Les H who wrote (16400)	10/15/2008 10:01:02 PM
From: Les H	2 Recommendations Read Replies (1) \| Respond to of 29609

Effect of Options Expiration Week since December 31, 2007 Change in SPX value is close of Friday minus the previous Friday close. SPX change SPX change SPX change week before week of week after January 14-18 -10.61 -75.83 + 5.42 February 11-15 -64.13 +18.70 + 3.12 March 17-21 -5.23 +41.37 -14.29 April 14-18 -37.57 +57.50 + 7.51 May 12-16 -25.62 +37.07 -49.42 June 16-20 -0.65 -42.10 -39.55 July 14-18 -23.41 +21.19 -2.92 August 11-15 +36.00 +1.88 -6.00 September 15-19 +9.38 +3.38 -42.06 October 13-17 -200.00 +8.62 --------------------------------------------------------- total -321.15 +71.78 -138.19 Closing price of SPX on December 31 = 1468.36 Closing price of SPX on October 14 = 907.84 (-560.52)