Purchased More Proshares Short QQQ (PSQ)

January 14, 2009

So far I am on the right side of the trade with my additional purchase yesterday of Proshares Short QQQ (PSQ). I have sold covered calls (Feb-09, $80) on my units based on the following:

ccall

For privacy reasons, I do not disclose the number of shares I hold so I always base the analysis on 500 shares.

FJP

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