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May 12, 2003 - May 16, 2003

ISE SENTIMENT INDEX (ISEE) FOR   05/05/2003 - 05/09/2003
 Date Index
5/9/2003 131
5/8/2003 175
5/7/2003 148
5/6/2003 137
5/5/2003 187

ECONOMIC EVENTS
Release Date Release Time Indicator Period
05-12-03 none
05-13-038:30
Trade Balance
Mar.
05-14-038:30
8:30
8:30
8:30
Retail Sales
Retail Sales (excluding automobiles)
Export Prices
Import Prices (excluding oil)
Apr.
Apr.
Apr.
Apr.
05-15-038:30
8:30
8:30
9:15
12:00
Producer Price Index (PPI)
Producer Price Index (ex-food and energy)
Initial Claims for Unemployment
Industrial Production
Philadelphia Fed
Apr.
Aor.
Latest week.
Apr.
May
05-16-038:30
8:30
8:30
8:30
Housing Starts
Building Permits
Consumer Price Index (CPI)
Consumer Price Index (Excluding food and energy)
Apr.
Apr.
Apr.
Apr.

EXPECTED EARNINGS ANNOUNCEMENTS
Date Symbol
5/12/2003WTW
5/13/2003CSC
5/13/2003HC
5/13/2003EP
5/13/2003TRMS
5/13/2003CVC
5/13/2003PCG
5/13/2003SCMR
5/13/2003NTAP
5/13/2003WMB
5/13/2003AMAT
5/13/2003CPN
5/13/2003ENZN
5/13/2003TJX
5/13/2003DE
5/13/2003JCP
5/13/2003SGP
5/13/2003IDCC
5/14/2003BEAS
5/14/2003ANN
5/14/2003L
5/14/2003FD
5/14/2003TIF
5/14/2003INTU
5/14/2003ADI
5/14/2003IGEN
5/14/2003BRCD
5/14/2003ANF
5/14/2003CA
5/15/2003AEOS
5/15/2003DELL
5/15/2003KDE
5/15/2003KSS
5/15/2003HI
5/15/2003TGT
5/15/2003Q
5/15/2003NAV
5/16/2003ADIC
5/16/2003PLMD
5/16/2003WIND

MAJOR MARKET EVENTS
Date Event
5/15/2003 Last day for trading European style index options with May expiration.
5/16/2003 Last day for trading American style Index and equity options with May expiration.

MARKET BENCHMARKS
Benchmark Symbol Level 21-dma 50-dma 200-dma
Dow Jones Industrial Average INDU 8,604.60 8,434.22 8,204.29 8,321.30
S&P; 500 Index SPX 933.40 907.73 876.04 881.32
S&P; 500 Index Futures SP/M3 932.20 907.11 875.27 881.09
NASDAQ 100 Index NDX 1,143.55 1,097.85 1,059.86 999.96
S&P; 100 Index OEX 472.26 460.66 444.75 446.33

ISE MOST ACTIVE CALL SERIES FOR   05/05/2003 - 05/09/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Cisco Systems Inc. 9 CYQ May, 2003 15 21,138
2   Fleet Boston Financial Corp. 7 FBF Jul, 2003 27 15,151
3   EL Paso Corporation 1 EP May, 2003 7 10,445
4   Siebel Systems Inc. 4 SGQ May, 2003 10 9,663
5   Nasdaq-100 Shares 2 QAV May, 2003 28 8,727
6   USA Networks, Inc. 3 QTH May, 2003 32 8,467
7   Juniper Networks, Inc. 5 JUX Jun, 2003 12 8,074
8   Dell Computer Corporation 1 DLQ May, 2003 30 7,967
9   Cisco Systems Inc. 9 CYQ Jun, 2003 17 7,653
10   Microsoft Corporation 10 MSQ May, 2003 27 7,349

ISE MOST ACTIVE PUT SERIES FOR   05/05/2003 - 05/09/2003
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Cisco Systems Inc. 9 CYQ May, 2003 15 11,787
2   Nasdaq-100 Shares 2 QAV May, 2003 27 10,040
3   Microsoft Corporation 10 MSQ Jun, 2003 25 8,854
4   Cisco Systems Inc. 9 CYQ May, 2003 15 8,778
5   Dell Computer Corporation 1 DLQ May, 2003 30 7,580
6   Cisco Systems Inc. 9 CYQ May, 2003 15 7,562
7   Nasdaq-100 Shares 2 QAV May, 2003 27 6,936
8   Electronic Data Systems 4 EDS May, 2003 17 6,055
9   Microsoft Corporation 10 MSQ May, 2003 27 5,607
10   AstraZeneca PLC 5 AZN May, 2003 40 5,581
 


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