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Bedford
Option Review Trade History

| August
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| SBUX
AUG 50C |
2.75 |
08/02/05 |
1.90 |
08/04/05 |
(850.00) |
| KBH
AUG 85P |
5.60 |
08/03/05 |
10.30 |
08/05/05 |
4700.00 |
| 5
KBH AUG 70P |
3.00 |
08/08/05 |
4.10 |
08/09/05 |
550.00 |
| 5
KBH AUG 70P |
3.00 |
08/08/05 |
4.00 |
08/10/05 |
500.00 |
| 5
FNM JAN 60P |
4.60 |
07/27/05 |
9.00 |
08/12/05 |
2200.00 |
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| July
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| X
JUL 35P |
1.25 |
06/30/05 |
0.60 |
07/06/05 |
(650.00) |
| ESRX
JUL 50C |
1.80 |
07/06/05 |
1.00 |
07/08/05 |
(800.00) |
| OEX
JUL 570P |
2.90 |
07/11/05 |
3.30 |
07/11/05 |
400.00 |
| SPF
JUL 95P |
4.40 |
07/08/05 |
2.95 |
07/11/05 |
(1450.00) |
| HDI
AUG 45C |
6.60 |
07/13/05 |
8.60 |
07/15/05 |
2000.00 |
| 5
ERTS AUG 55C |
4.10 |
07/15/05 |
4.60 |
07/15/05 |
250.00 |
| 5
ERTS AUG 55C |
4.10 |
07/15/05 |
6.00 |
07/19/05 |
950.00 |
| CECO
AUG 35C |
4.00 |
07/19/05 |
3.00 |
07/22/05 |
(1000.00) |
| 5
FNM JAN 60P |
4.60 |
07/27/05 |
4.60 |
07/28/05 |
0.00 |
| SYMC
AUG 20C |
4.20 |
07/19/05 |
2.60 |
07/29/05 |
(1600.00) |
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| June
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| LLY
JUN 55C |
4.70 |
05/23/05 |
3.50 |
06/03/05 |
(1200.00) |
| NEM
JUN 40P |
1.75 |
06/06/05 |
2.70 |
06/07/05 |
950.00 |
| COST
JUN 50P |
4.90 |
05/26/05 |
4.00 |
06/13/05 |
(900.00) |
| AAPL
JUN 40P |
4.10 |
06/09/05 |
4.30 |
06/15/05 |
200.00 |
| 5
GOOG JUN 280P |
3.60 |
06/14/05 |
10.00 |
06/15/05 |
3200.00 |
| ETH
JUN 30C |
3.00 |
06/07/05 |
3.30 |
06/17/05 |
300.00 |
| EBAY
JUL 35C |
3.60 |
06/16/05 |
2.00 |
06/22/05 |
(1600.00) |
| FCX
JUL 35C |
2.45 |
06/21/05 |
3.00 |
06/30/05 |
550.00 |
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| May
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| TXT
MAY 70C |
6.30 |
04/21/05 |
6.30 |
05/04/05 |
0.00 |
| ADBE
MAY 60P |
3.80 |
05/02/05 |
2.10 |
05/09/05 |
(1700.00) |
| ADBE
MAY 60P |
3.20 |
05/10/05 |
1.55 |
05/16/05 |
(1650.00) |
| FNM
JUN 60P |
4.90 |
05/04/05 |
3.20 |
05/23/05 |
(1700.00) |
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| April
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| 5
ZMH APR 80P |
4.30 |
03/31/05 |
5.90 |
04/01/05 |
800.00 |
| 5
ZMH APR 80P |
4.30 |
03/31/05 |
6.00 |
04/04/05 |
850.00 |
| 5
ZMH APR 80P |
2.10 |
04/06/05 |
3.40 |
04/11/05 |
650.00 |
| 5
ZMH APR 80P |
2.85 |
04/06/05 |
3.80 |
04/12/05 |
475.00 |
| FDX
APR 85C |
4.50 |
04/12/05 |
7.00 |
04/12/05 |
2500.00 |
| SEE
MAY 50C |
4.40 |
04/13/05 |
3.20 |
04/20/05 |
(1200.00) |
| 5
BA MAY 55C |
4.60 |
04/25/05 |
5.00 |
04/27/05 |
200.00 |
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| March
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| COST
MAR 50P |
3.90 |
02/17/05 |
5.20 |
03/02/05 |
1300.00 |
| 5
FDX MAR 60P |
4.60 |
02/22/05 |
1.95 |
03/04/05 |
(1325.00) |
| PD
MAR 100C |
6.00 |
03/02/05 |
9.10 |
03/04/05 |
1550.00 |
| APOL
MAR 75C |
2.55 |
03/09/05 |
1.25 |
03/10/05 |
(1300.00) |
| TEK
APR 30P |
2.55 |
03/11/05 |
4.80 |
03/23/05 |
2250.00 |
| 5
AZO APR 85C |
2.40 |
03/14/05 |
1.00 |
03/16/05 |
(700.00) |
| OEX
MAR 565C |
4.70 |
03/17/05 |
3.00 |
03/18/05 |
(1700.00) |
| PHM
APR 70C |
4.80 |
03/21/05 |
5.00 |
03/29/05 |
200.00 |
| SINA
APR 30C |
3.60 |
03/28/05 |
2.10 |
03/29/05 |
(1500.00) |
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| February
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| ZMH
FEB 80P |
2.10 |
01/27/05 |
0.65 |
02/01/05 |
(1450.00) |
| 5
LEH FEB 90C |
2.45 |
02/03/05 |
3.50 |
02/04/05 |
525.00 |
| 5
LEH FEB 90C |
2.45 |
02/03/05 |
3.40 |
02/07/05 |
475.00 |
| 5
ZMH FEB 80C |
5.20 |
02/09/05 |
3.80 |
02/10/05 |
(700.00) |
| 5
ZMH FEB 80C |
5.20 |
02/10/05 |
2.90 |
02/15/05 |
(1150.00) |
| GOOG
FEB 190C |
6.30 |
02/15/05 |
9.10 |
02/16/05 |
1400.00 |
| CREAF
FEB 17.5C |
0.95 |
01/19/05 |
0.00 |
02/18/05 |
(950.00) |
| 5
FDX MAR 60P |
4.60 |
02/22/05 |
2.50 |
02/25/05 |
(1050.00) |
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| January
2005 |
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| OPTION |
BUY |
DATE |
SELL |
DATE |
GAIN/(LOSS) |
| GS
JAN 105C |
1.55 |
12/29/04 |
1.65 |
01/03/05 |
100.00 |
| 5
GS JAN 100C |
4.80 |
01/06/05 |
4.80 |
01/10/05 |
0.00 |
| 5
APOL JAN 75C |
8.50 |
01/04/05 |
5.20 |
01/13/05 |
(1650.00) |
| 5
EBAY JAN 105C |
2.80 |
01/12/05 |
3.20 |
01/17/05 |
200.00 |
| ERTS
JAN 60C |
2.25 |
01/18/05 |
1.10 |
01/19/05 |
(1150.00) |
| 5
BDK FEB 85P |
4.60 |
01/26/05 |
5.80 |
01/26/05 |
600.00 |
| 5
BDK FEB 85P |
4.60 |
01/26/05 |
4.70 |
01/28/05 |
50.00 |
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