December 27, 2004 - December 31, 2004

ISE SENTIMENT INDEX (ISEE) FOR   12/20/2004 - 12/24/2004
 Date Index
12/23/2004 227
12/22/2004 173
12/21/2004 215
12/20/2004 218

ECONOMIC EVENTS
Release Date Release Time Indicator Period
12-27-04 none
12-28-0410:00
Consumer Confidence
Dec.
12-29-0410:00
Existing Home Sales
Nov.
12-30-048:30
10:00
10:00
Initial Jobless Claims
Help Wanted Index
Chicago Purchasing Managers Index
Latest week.
Nov.
Dec.
12-31-04 none

EXPECTED EARNINGS ANNOUNCEMENTS
Date Symbol
12/27/2004NT

MAJOR MARKET EVENTS
Date Event
12/31/2004 Last trading day of the year -- markets are open.

MARKET BENCHMARKS
Benchmark Symbol Level 21-dma 50-dma 200-dma
Dow Jones Industrial Average INDU 10,827.12 10,605.64 10,365.69 10,244.58
S&P; 500 Index SPX 1,210.15 1,150.55 1,146.32 1,122.18
S&P; 500 Index Futures SP1601 1,211.70 1,158.54 1,131.89 1,123.17
NASDAQ 100 Index NDX 1,613.75 1,603.73 1,545.50 1,454.23
S&P; 100 Index OEX 576.60 567.47 555.71 546.12

ISE MOST ACTIVE CALL SERIES FOR   12/20/2004 - 12/24/2004
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Cisco Systems Inc. 9 CYQ Jan, 2005 20 15,667
2   Pfizer Inc. 7 PFE Jan, 2005 25 14,623
3   Sandisk Corp. 2 SWQ Jan, 2005 25 12,729
4   Intel Corporation 6 INQ Jan, 2005 25 11,128
5   Advanced Micro Devices Inc. 8 AMD Jan, 2005 20 10,404
6   Sirius Satellite Radio 1 QXO Jan, 2005 7.5 10,318
7   Applied Materials Inc. 9 ANQ Jan, 2005 17.5 10,207
8   General Motors Corp. 9 VGN Jan, 2007 40 10,090
9   Advanced Micro Devices Inc. 8 AMD Jan, 2005 22.5 9,103
10   Check Point Software Technologies Ltd. 3 KEQ Feb, 2005 22.5 9,034

ISE MOST ACTIVE PUT SERIES FOR   12/20/2004 - 12/24/2004
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Pfizer Inc. 7 PFE Jan, 2005 25 19,560
2   Pfizer Inc. 7 PFE Jan, 2005 25 15,729
3   Dell Computer Corporation 1 DLQ Jan, 2005 37.5 8,098
4   Advanced Micro Devices Inc. 8 AMD Jan, 2005 20 7,945
5   Merck & Co. Inc. 4 MRK Jan, 2005 32.5 7,623
6   Qualcomm Inc. 4 AAO Jan, 2005 42.5 7,514
7   Pfizer Inc. 7 PFE Jan, 2005 25 6,448
8   Network Appliance Inc. 8 NUL Jan, 2005 30 6,225
9   Symantec Corporation 8 SYQ Jan, 2005 25 5,859
10   Apple Computer, Inc. 6 AAQ Jan, 2005 60 5,541


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