Buy more China Mob +dec07 45 Put written

Stock = (CHL-N) China Mobile (Hong Kong) ADR's
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 80
Price = $46.24
Gross = $3,699.20dr
Net = $3,754.69dr


Contract = (CHL-N) China Mobile (Hong Kong) ADR's dec07 45 Put
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 1
Price = $3.2
Gross = $320.00cr
Net = $310.00cr
Trade Date = 25 May 2007

Most efficient way to sell options is to sell
contract 3 months out.

Idea here is to allow for possible fall over
summer/sept followed by rise