January 12, 2004 - January 16, 2004

ISE SENTIMENT INDEX (ISEE) FOR   01/05/2004 - 01/09/2004
 Date Index
1/9/2004 186
1/8/2004 220
1/7/2004 222
1/6/2004 236
1/5/2004 167

ECONOMIC EVENTS
Release Date Release Time Indicator Period
01-12-04 none
01-13-048:30
8:30
Export Prices (excluding agriculture)
Import Prices (excluding oil)
Dec.
Dec.
01-14-048:30
8:30
8:30
2:00
Producer Price Index (PPI)
PPI Core Rate (excludes food and energy)
Balance of Trade Report
Fed's Beige Book Report
Dec.
Dec.
Nov.

01-15-048:30
8:30
8:30
8:30
8:30
8:30
12:00
3:00
Consumer Price Index (CPI)
CPI Core Rate (excludes food and energy)
Initial Jobless Claims
NYS Empire State Index
Retail Sales
Retail Sales (excluding automobiles)
Philadelphia Fed Activity Index
Treasury Budget Statement
Dec.
Dec.
Latest week.
Jan.
Dec.
Dec.
Jan.
Dec.
01-16-048:30
9:15
9:15
Business Inventories
Industrial Production
Capacity Utilization
Nov.
Dec.
Dec.

EXPECTED EARNINGS ANNOUNCEMENTS
Date Symbol
1/13/2004RMBS
1/14/2004LLTC
1/14/2004DNA
1/14/2004INTC
1/14/2004TER
1/15/2004BAC
1/15/2004GMH
1/15/2004FITB
1/15/2004FNM
1/15/2004SUNW
1/15/2004WB
1/15/2004ADP
1/15/2004CREE
1/15/2004DAL
1/15/2004AAPL
1/15/2004FBF
1/15/2004SYMC
1/15/2004YHOO
1/15/2004QLGC
1/15/2004RDC
1/15/2004CAL
1/15/2004CMA
1/15/2004KMI
1/15/2004KMP
1/16/2004FCS
1/16/2004FRX
1/16/2004KEY
1/16/2004ABT
1/16/2004ANDW
1/16/2004IBM
1/16/2004ACF
1/16/2004EBAY
1/16/2004JNPR
1/16/2004SLM
1/16/2004SFA
1/16/2004AMD
1/16/2004UTX
1/16/2004GE

MAJOR MARKET EVENTS
Date Event
1/15/2004 Last day for trading Index options with European style exercise/settlement expiring January 2004.
1/16/2004 Last day for trading equity and Index options with American exercise/settlement expiring in January 2004.
1/19/2004 Markets Closed -- Martin Luther King Jr. Holiday (observed).
1/27/2004 Federal Open Market Committee Meeting - Day 1
1/28/2004 Federal Open Market Committee Meeting - Day 2

MARKET BENCHMARKS
Benchmark Symbol Level 21-dma 50-dma 200-dma
Dow Jones Industrial Average INDU 10,458.89 10,309.96 10,013.24 9,305.95
S&P; 500 Index SPX 1,121.85 1,097.51 1,072.08 1,000.23
S&P; 500 Index Futures SP/4H 1,119.90 1,096.59 1,071.25 999.39
NASDAQ 100 Index NDX 1,520.45 1,451.56 1,430.43 1,288.22
S&P; 100 Index OEX 556.54 544.42 530.63 501.19

ISE MOST ACTIVE CALL SERIES FOR   01/05/2004 - 01/09/2004
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Microsoft Corporation 10 MSQ Jan, 2004 27.5 26,171
2   Nokia Corporation 10 NAY Jan, 2004 20 16,809
3   Nasdaq-100 Shares 2 QQQ Jan, 2004 36 14,451
4   Sun Microsystems Inc. 2 SUQ Jan, 2004 5 14,388
5   Nortel Networks Corporation 5 NT Jan, 2004 5 13,358
6   Microsoft Corporation 10 MSQ Jan, 2004 27.5 11,172
7   Oracle Corporation 5 ORQ Jan, 2004 14 11,144
8   Intel Corporation 6 INQ Jan, 2004 30 10,386
9   Lucent Technologies Inc. 5 LU Apr, 2004 4 10,249
10   Micron Technology Inc. 4 MU Jan, 2004 15 10,166

ISE MOST ACTIVE PUT SERIES FOR   01/05/2004 - 01/09/2004
 Rank   Issuer   Bin   Option Symbol   Expiration   Strike   Volume 
1   Nasdaq-100 Shares 2 QQQ Jan, 2004 37 13,994
2   Nasdaq-100 Shares 2 QQQ Jan, 2004 38 12,484
3   Nasdaq-100 Shares 2 QQQ Jan, 2004 37 10,907
4   Nasdaq-100 Shares 2 QQQ Jan, 2004 38 9,921
5   International Paper Co. 9 IP Jan, 2004 45 9,850
6   Nasdaq-100 Shares 2 QQQ Jan, 2004 37 9,367
7   Nasdaq-100 Shares 2 QAV Jun, 2004 34 8,551
8   Nasdaq-100 Shares 2 QQQ Jan, 2004 36 8,292
9   Cisco Systems Inc. 9 CYQ Jan, 2004 25 8,114
10   Nasdaq-100 Shares 2 QQQ Jan, 2004 38 8,095


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