Two ETFC Dec07 12.00 calls expired.  Why do I own ETFC you may ask?  I ask myself the same thing.  I own this lot at $19.14, way above its last closing price of $3.54.  They were originally 2 Jan08 22.50 puts.  I was looking at rolling them out when they were put to me in Sep. when the price was around 13.00.  EFTC apparently has quite a bit of exposure to the sub-prime mess through a mortgage subsidiary and has suffered greatly because of it.  I am actually optimistic that the problem is not as large as the fear of the problem and that ETFC will recover.  In the mean time I will sell covered calls on the stock and watch that I don’t get called away.  I sold 2 Feb 5 calls on this lot for 40.50 in a taxable account.