September 1, 2004  Sell to close your WebEx Communications September 20 call option (UWB + ID, $0.60) for a loss of 57 percent on the trade.  Read More

SELL to Close January 70 Oil Service HOLDRS OIH call option (OIH+AN, at the market) for a gain of 90% on the trade.  We recommend exiting your call position on the Oil Service HOLDRS that is currently trades at $8.40, with 90% gain on a trade (we recommended the trade on 8/17/04, at the market price of $4.40).  Read More

BUY to Open October 50 Call Option on ERTS (EZQ+JJ, limit $1.70 or better)  We think that today's sell-off in the shares of ERTS is giving aggressive traders an opportunity to benefit from what we expect to be temporary weakness on a stock. With holiday season ahead, we expect the price to recover and ERTS call option holders to benefit. Read More

BUY TO CLOSE EZQ+UJ (limit 1.80 or better) to EXIT your ERTS September 50 Put EZQ+UJ position   About three weeks ago, we recommend selling a put option on Electronic Arts ERTS. Read More

BUY to Open January 70 Oil Service HOLDRS OIH call option (OIH+AN, at the market)  We recommend the purchase of a call option on the Oil Service HOLDRS.  Read More

EXIT your September 650 AMEX Oil Index XOI CALL ( SELL TO CLOSE XCY+IJ, limit 12.8 or better)  Read More

BUY to Open December 25 Call Option on TEVA (TVQ+LE, limit $4.20 or better) We think that today's sell-off in the shares of TEVA Pharmaceutical Industries LTD is overdone.  We expect the market to recognize the value of TEVA's business, handing TEVA call option holders a nice profit in the process. Read More

BUY to Open September 650 AMEX Oil Index XOI CALL (XCY+IJ, limit 10 or better) We recommend the purchase of a Call on the AMEX Oil Index.  Read More

SELL TO OPEN EBAY September 75 Put XBA+UO (limit 3.70 or better) Yesterday after the market closed EBAY reported its quarterly numbers. Although they posted good performance, the guidance was slightly lower than the street expected. Read More

EXIT YOUR EBAY September 75 Put POSITION to close (symbol: XBA+UO) The subscribers that followed our recommendation for EBAY September 75 Put Option and sold it to open a position on 07/22/04 are advised to close out that position.  Read More