Fund A Status After Expiry Friday 19-Dec-08

Last 10x PUT option on C expired worthless and kept all targeted profit.
Net Value = Cash Value = $95,092 (increased from original 1-Sept-08 amount of $50,000). Ahead of plan.
Positions all closed. 100% in cash.

Fund A Status

Was trying to BTO some PUTs on shipping companies. Made a silly mistake and bought FDX instead which do not own ships or operate significant sea freights. Cut lost and closed out. A $700 lesson.
Expecting sea shipment operators and freight ship owners to perform badly over next 3 to 6 months. Had been hearing news that the sea shipments out from China has dropped by 80% to 90% for some of the out-going sea-freight lanes (not verified).