Applied Materials Update

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The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201

Thursday, July 20, 2006

Email – #160

** Applied Materials Update

We hit our trailing stop on the Applied Materials (Nasdaq: AMAT) August $16 call, ANQ HQ, during today’s trading. If you haven’t already done so, close out this position tomorrow. Hold your other positions.

Good trading,

Steve

If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com, or contact Pillar One Advisors Ron McCoy, Gunn Allen at 800.720.6576 or Neil Fern, RMB Group at 800.831.3114.

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