June 30, 2003 - July 04, 2003

ISE SENTIMENT INDEX (ISEE) FOR   06/23/2003 - 06/27/2003
 Date Index
6/27/2003 218
6/26/2003 114
6/25/2003 227
6/24/2003 181
6/23/2003 205

ECONOMIC EVENTS
Release Date Release Time Indicator Period
06-30-0310:00
Chicago Purchasing Managers Index
June
07-01-0310:00
10:00
Automotive sales
Institute for Supply Management - Manufacturing
June
June
07-02-03 none
07-03-0310:00
8:30
8:30
8:30
8:30
10:00
10:00
Construction Spending
Unemployment Rate
Non-farm Payrolls
Average Hourly Earnings
Initial Jobless Claims
Institute for Supply Management - Services
Factory Orders
May
June
June
June
Latest week.
June
May
07-04-03 none

EXPECTED EARNINGS ANNOUNCEMENTS
Date Symbol

MAJOR MARKET EVENTS
Date Event
7/4/2003 Markets Closed -- Independence Day Holiday
7/17/2003 Last day for trading index options with European style exercise settlement.
7/18/2003 Last day for trading index options with American style settlement and equity options with July expiration.

MARKET BENCHMARKS
Benchmark Symbol Level 21-dma 50-dma 200-dma
Dow Jones Industrial Average INDU 8,989.50 9,091.68 8,780.73 8,374.02
S&P; 500 Index SPX 976.20 987.48 952.09 892.27
S&P; 500 Index Futures SP/3U 973.30 986.87 951.41 892.00
NASDAQ 100 Index NDX 1,205.25 1,214.27 1,164.99 1,040.51
S&P; 100 Index OEX 491.62 497.18 480.62 451.96

ISE MOST ACTIVE CALL SERIES FOR   06/23/2003 - 06/27/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Microsoft Corporation 10 MSQ Aug, 2003 27 56,547
2   Microsoft Corporation 10 MSQ Jul, 2003 25 29,874
3   Microsoft Corporation 10 MSQ Aug, 2003 27 20,554
4   Microsoft Corporation 10 MSQ Aug, 2003 25 20,112
5   Microsoft Corporation 10 MSQ Aug, 2003 27 17,353
6   Microsoft Corporation 10 MSQ Aug, 2003 27 16,298
7   Microsoft Corporation 10 MSQ Aug, 2003 25 16,079
8   Nasdaq-100 Shares 2 QAV Jul, 2003 30 15,711
9   Nasdaq-100 Shares 2 QAV Jul, 2003 32 14,051
10   Nasdaq-100 Shares 2 QAV Jul, 2003 30 12,735

ISE MOST ACTIVE PUT SERIES FOR   06/23/2003 - 06/27/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Johnson & Johnson 3 JNJ Jul, 2003 50 18,668
2   Nasdaq-100 Shares 2 QAV Jul, 2003 30 14,445
3   Johnson & Johnson 3 JNJ Jul, 2003 50 13,230
4   Nasdaq-100 Shares 2 QAV Jul, 2003 28 10,330
5   Nasdaq-100 Shares 2 QAV Jul, 2003 31 9,158
6   Nasdaq-100 Shares 2 QAV Jul, 2003 29 8,708
7   Nasdaq-100 Shares 2 QAV Aug, 2003 28 7,531
8   Nasdaq-100 Shares 2 QAV Jul, 2003 30 6,827
9   Dell Computer Corporation 1 DLQ Jul, 2003 30 6,044
10   Nasdaq-100 Shares 2 QAV Jul, 2003 28 6,021


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