CECO - Adjustment

The following adjustment was made today on CECO:

22-Dec-06 - Buy Back & Roll Out/Up - BTC 3 Jan07 25.00 Call @ -1.09 -
22-Dec-06 - Continued Trade - STO 3 Jul07 30.00 Call @ 1.49 -

The Jan07 25 call was an interim trade (i.e. below the cost basis) which would have resulted in a loss if called. Since the call went ITM this afternoon I decided to buy it back and roll it out to Jul07 and up to the 30 strike. Now this position will result in a profit if called. CECO was down as much as 54% at one point in this trade and I used dollar cost averaging twice to lower the cost basis.

Current Position Summary:

Stock Investment: $8,924.01
Income Generated: $1,075.25
Percent Income Generated: 12.05%
Net Profit If Called: $1,151.24
Percent Return If Called: 12.90%
Annualized Return If Called: 7.04%
Days to Expiration: 669 days

Trade History:

19-Sep-05 - Initial Stock Position - BTO 100 CECO @ 38.64 -
19-Sep-05 - Initial Call Option - STO 1 Oct05 40.00 Call @ 1.04 - Closed
05-Oct-05 - Continued Trade - BTC 1 Oct05 40.00 Call @ -0.11 -
08-Nov-05 - Continued Trade - STO 1 Dec05 40.00 Call @ 0.29 - Expired
23-Jan-06 - Interim Trade - STO 1 Feb06 35.00 Call @ 0.30 - Expired
21-Feb-06 - Continued Trade - STO 1 Apr06 40.00 Call @ 0.19 - Expired
24-Apr-06 - Continued Trade - STO 1 Jul06 40.00 Call @ 1.91 - Closed
30-Jun-06 - Buy Back - BTC 1 Jul06 40.00 Call @ -0.06 -
30-Jun-06 - Dollar Cost Averaging - BTO 100 CECO @ 29.82 -
30-Jun-06 - Combined Cost Basis - $6,846.01 200 @ 34.23 -
30-Jun-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.71 - Closed
18-Sep-06 - Buy Back - BTC 2 Jan07 35.00 Call @ -0.11 -
18-Sep-06 - Dollar Cost Averaging - BTO 100 CECO @ 20.78 -
18-Sep-06 - Combined Cost Basis - $8,924.01 300 @ 29.75 -
18-Sep-06 - Interim Trade - STO 3 Jan07 25.00 Call @ 0.92 - Closed
22-Dec-06 - Buy Back & Roll Out/Up - BTC 3 Jan07 25.00 Call @ -1.09 -
22-Dec-06 - Continued Trade - STO 3 Jul07 30.00 Call @ 1.49 -