SPY -- Roll Position Down

The SPY position was rolled down:

Description	Total	aXIRR	aROI
Buy 1000 SPY @ $86.81	-$86,810.00
Sell 10 SPY 12/31 $87 Call @ $1.62	$1,600.05	288.9%	134.6%
Buyback 10 12/31 $87 Call @ $3.10	-$3,119.95	356.2%	150.5%
Sell 10 SPY Jan 2009 $90 @ $2.70	$2,680.05	135.5%	86.5%
Buyback 10 SPY Jan 2009 $90 @ $0.79	-$809.95	50.0%	40.4%
Sell 10 SPY Jan 2009 $88 @ $1.56	$1,540.05	73.5%	55.1%
Sell at end of period	$86,950.00	50.4%	40.6%