some of my background: trading options in one form or another since 1994. using ib since 2000. i will maintain this journal as long as there is interest in it and my account allows it. i will not put new money in if there is a draw down, but i do withdraw by wire monthly. i will fully updated all. if there are any suggestions on how i report p/l and other stuff, please feel free to guide me. i really want to help myself and others succeed. account value:83,355.31 positions: all er2 and short sept 06 615 put -10 @ 3.73 value .70 sept 06 610 put -10 @ 2.86 value .55 sept 06 762.5 call -10 @ 1 value 1.4 sept 06 760 call -10 @ 1.3 value 1.65 sept 06 750 call -10 @ 1.8 value 3.1 obviously as this journal continues the positions will be practically realtime and hopefully good commentary will ensue. i do buy back most positions when i see profit or danger. generally when my shorts are in danger i will first roll out a month and change the strike; you all will probably see. there are no other positions in this account. i look forward to constructive feedback. i never thought the idea of a public journal was a good idea ...until i saw the success and personal growth of optioncoach and cache(and others).. even riskarb, except in his case i am not sure if he is helping himself or if he is really helping us! thanks to all.