September 15, 2003 - September 19, 2003

ISE SENTIMENT INDEX (ISEE) FOR   09/08/2003 - 09/12/2003
 Date Index
9/12/2003 176
9/11/2003 140
9/10/2003 172
9/9/2003 177
9/8/2003 212

ECONOMIC EVENTS
Release Date Release Time Indicator Period
09-15-038:30
8:30
9:15
9:15
Business Inventories
Current Account
Industrial Production
Capacity Utilization
July
2Q
Aug.
Aug.
09-16-038:30
8:30
Consumer Price Index (CPI)
CPI Core Rate (excludes food and energy)
Aug.
Aug.
09-17-038:30
8:30
Housing Starts
Building Permits
Aug.
Aug.
09-18-038:30
10:00
12:00
2:00
Initial Jobless Claims
Leading Economic Indicators
Philadelphia Fed Index
FOMC Minutes
Latest week.
Aug.
Sep.
Aug.
09-19-03 none

EXPECTED EARNINGS ANNOUNCEMENTS
Date Symbol
9/16/2003GIS
9/16/2003KR
9/16/2003LEN
9/16/2003KBH
9/17/2003CC
9/17/2003BBY
9/17/2003FDX
9/18/2003RSTN
9/18/2003CCL
9/18/2003AGE
9/18/2003NKE
9/18/2003CAG
9/18/2003BSC
9/18/2003JBL
9/18/2003PALM
9/18/2003COMS
9/18/2003RHAT
9/19/2003JDEC
9/19/2003KMX

MAJOR MARKET EVENTS
Date Event
9/16/2003 Federal Open Market Committee (FOMC) meets.
9/18/2003 Last day for trading Sep. index options with European exercise/settlement style.
9/19/2003 Last day for trading equity and remaining index options with Sept. expiration.

MARKET BENCHMARKS
Benchmark Symbol Level 21-dma 50-dma 200-dma
Dow Jones Industrial Average INDU 9,459.76 9,421.62 9,269.92 8,649.94
S&P; 500 Index SPX 1,016.40 1,006.64 996.22 924.99
S&P; 500 Index Futures SP/3U 1,018.10 1,008.10 996.02 924.83
NASDAQ 100 Index NDX 1,350.80 1,321.69 1,286.31 1,128.61
S&P; 100 Index OEX 511.38 505.09 501.05 467.66

ISE MOST ACTIVE CALL SERIES FOR   09/08/2003 - 09/12/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Cisco Systems Inc. 9 CYQ Oct, 2003 20 28,809
2   Peoplesoft, Inc. 3 PQO Oct, 2003 20 27,417
3   Peoplesoft, Inc. 3 PQO Oct, 2003 20 25,531
4   Cisco Systems Inc. 9 CYQ Oct, 2003 20 22,488
5   Nextel Communications Inc. 10 FQC Oct, 2003 20 17,888
6   Hewlett-Packard Company 9 HHY Oct, 2003 20 12,464
7   Hewlett-Packard Company 9 HHY Oct, 2003 20 11,651
8   Nasdaq-100 Shares 2 QAV Dec, 2003 34 11,282
9   NVIDIA Corporation 2 UVA Oct, 2003 20 10,025
10   Hughes Electronics Corp. 5 GGW Dec, 2003 12.5 10,010

ISE MOST ACTIVE PUT SERIES FOR   09/08/2003 - 09/12/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Halliburton Company 4 WHW Jan, 2006 10 11,040
2   Nasdaq-100 Shares 2 QAV Sep, 2003 33 10,752
3   Semiconductor HOLDRs 4 SMH Oct, 2003 37.5 10,584
4   Applied Materials Inc. 9 ANQ Sep, 2003 20 10,350
5   Applied Materials Inc. 9 ANQ Sep, 2003 20 9,609
6   Cisco Systems Inc. 9 CYQ Sep, 2003 20 8,768
7   Oracle Corporation 5 ORQ Sep, 2003 14 8,489
8   Nasdaq-100 Shares 2 QAV Sep, 2003 33 7,880
9   Microsoft Corporation 10 MSQ Sep, 2003 27.5 7,784
10   Semiconductor HOLDRs 4 SMH Sep, 2003 37.5 7,395


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