About two weeks ago was option expiration weekend. Since then I have made a few orders but only one has been executed. The order that was executed was a call option against my DWA position. This call option doesn't expire until September. I chose to sell this option because this seems to be one of those summers where the expression "sell in May and go away..." seems accurate. I am choosing to hold on to DWA through the summer despite the continued bearish movement. I truly believe it to be extremely oversold for it's actual performance as a company. I believe that after the summer it should prove to have done relatively well business-wise in this economy. If I had more cash in reserve I would sell more cash-secured puts against it with the intention of getting put into it while everyone seems to be fearful of it. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

DWA - Dreamworks Animation SKG, INC