the first category on calendar items proposed for continuance, item on this week's calendar for continuance is item one, case number 2011.1407d for 2935-37 pierce street. a mandatory discretionary review and building permit application has been withdrawn. this matter is no longer before you for your consideration. commissioners, further on your calendar, item 11, 2011.1050dd for 2807 clay street. the project representative has informed me -- there is a letter in the files that they have reached a settlement. but the dr requester has not withdrawn the dr in writing. we need -- they are asking for one week continuance so they can get that letter. so the request is for continuance through october 3rd, i believe -- 4th. okay. commissioners, with that i'm not aware of any other item on your calendar proposed for continuance. >> any public comment on the two items, 1 and 11 on today's calendar? >> just a moment. let me turn the mic on. >> members of the commission, president fong, the dr requesters have not withdrawn. the request for discretionary review as the project sponsor is not in san franc

the calendar shows continuous to november 82012. items two and b case for 1550 bryant street and proposed for continuance. next is for polk street proposed for continuous for november 15, 2012. item number four case amendments to the planning code to establish the divisadero neighborhood commerical district proposed for continuous. item five case amendments to the planning code to establish the fillmore street neighborhood commerical district and proposed for continuous. and commissioners, the first item on your kltd consent calendar, the first two actually for south venice avenue and propose for continuous and item number seven case for 601 venice proposed for continuous. i will ask you to take action on all of those items but bear with me. there are more items for continuous but these are the regular calendar and i will ask that you delay action on these until the call of the item. with that said the first item 13 for westportal avenue. there is a proposal to continue this item to avenue 29, 2012. it's my understanding that -- the

the first category on calendar is the consent calendar. item 1 and 2 makeup the consent calendar. those items are considered to be routine. could you take your equipment outside or turn it off? thank you. there will be -- these items will be acted on by a single roll call vote of the commission. there will be no separate discussion of these items unless a member of the commission, the public or staff so request. in that event, the matter or matters will be removed from consent and considered as a separate item at this or a future hearing. i have been informed by a member of the public that item 1 will be pulled from consent. but just for the record, i'll read them both. item 1 is case no. 2012.109 7c for 201 folsom street (a.k.a. 314 main street) as conditional use authorization to modify the performance period condition of motion no. 166 07 230er case no. 2000.107 3c to extend the period one year from the date of expiration of the previous extension of a mixed use project consisting of two residential towers of height of 350 and 400 feet above an 80-foot podium up to 725 dwelling

how much are the calendars? >> the calendars are $19.95.have stories in here as well from some of the cancer patients and doctors. >> you use the money to? >> we raise money to basically financially help women who are going through breast and gyn related cancers. we pay for just about anything they need throughout their cancer journey. >> critters for the cure, as it says it's the unspoken needs that really need the help financially and we thank critters for the cure for doing that. sully, good to see you. kiwi, calendar boy, hey, you did it, buddy. you're a star. we'll be right back. stay with us for more 9news now. >>> welcome back. 6:53. your weather first. still dealing with dense fog especially south and west of town. south and east not nearly as bad. we'll be 80 by lurch time. i expect sun-- lunch time. i expect sunshine mixing in by then. conditions this afternoon becoming mostly cloudy, highs in the mid-80s. >> back to summer again. thanks. >>> wednesday, october 3. here's a check on the news before you go. the manual accused of hol

we are on item 5, for the consent calendar. >> i'll entertain a motion. it's been moved and seconded, all those in favor? >> aye. >> none opposed, it's approved. >> no, public comment. >> we do have public comment. >> item 5b will be heard after the consent calendar, is there any public comment on any other item on the consent calendar, richard? >> hello again, richard fong speaking, i was looking at the lake merced, it looks beautiful, everything looks fine on, after reading the article in the newspaper about there's not going to be any other boat docking facility possibilities or something like that, something about the watershed 1/15th or something, i'm not sure, that was in the newspaper article, so there's a little problem that i'm looking at. it can be a very large problem because of the water issue. currently, puc hasn't yet come together on how to do the recycled water again at golden gate park nor to do with other watering of the golf course, so when i look at it, is it ever going to be lake merced being used as a storage area for fresh water, fo

further on your calendars, commissioner, under your regular calendar, item 13 for case 20111050dd at807 is being proposed to continuous for september 20 in order to allow for a settlement. and that is i have. >> president fong: is there any public comment on the items proposed for continuance? seeing none, commissioner antonini. >> commissioner antonini: move to continue items 1, 2, 3, 4 -- 1, 2, and 4 to the dates on the calendar but 3 will be to october 25, 2012. then, also, item 13 to september 20, 2012. >> second. >> president fong: on that motion, commission i can't, aye, commission bored en, eye. commission lilis, eye. commissioner moore, eye, commissioner fong, aye. that passes unanimously. which places you under the consent calendar, considered to be routine by the planning commission and will be acted upon by a single roll call vote of the commission. there will be no separate discussion of these items unless a member of the commission or staff makes such a request in which it will be considered as a separate item at this or a future item. case no. 5 at 1098 harrison street

there actually are several kinds of calendars. there are ones that are a cycle of 260 days, there's a cycle of 365 days, which is like a year. and then there is this grand calendar of infinite time-- it's a linear system. we see that the calendar is a reflection of their cosmology. it's the world order, very much like any calendar system. it's anchored in the stars. it's anchored in the planets. but for the maya it's beyond that. it's really a reflection of the way they structured the order of the universe. (narrator) a new vision of the maya began to emerge. (david stuart) scholars got from this, this idea that the maya were obsessed with time and that's really all they wanted to record. but they weren't just recording time, of course, they were using it to express all of these other things. they wanted to anchor their history, their kings and their wars and records of these things in cosmology. so this image of the stargazing maya, the priest astronomers obsessed with time, this is a bit of a false image. (narrator) in 1946, the

and will be heard under the general calendar following the consent calendar. let me make a couple of brief comments as part of my report, one, the park alliance is having their party for the parks on friday night at anglar's large and this is their annual fundraising effort, they support the parks in many ways, i encourage everybody to attend. the alliance issued their playground report card last week and i'm happy to say that the last report card we had showed 30 playgrounds in the system that were sub par, this year, it's down to 16, and if we can get the bond passed in november, i think we'll have 0 sub par playgrounds in the future, but i want to congratulate the staff and the general manager on the management of the system to bring with limited resources 15 or 14 more parks in the line under those circumstances. i also want to congratulate the staff because the first phase of the america's cup, the smaller boats had their first event and i think it went off in a grand manner in no small due to the recreation park department's preparation down at the marin

and since then that has been on the events calendar for a revisit on november 13. now, jerry calligan who could not be here today, but he is here in one sense in that he did make a recording of the may 8th meeting, commission meeting, and i'd like to quote one of the commissioners who stated, "not happy with the m-o-u, want to put a tight timeline on things, come back in six months with a real plan and budget numbers, need real progress in the next six months." the commissioner repeated several moments later, "a six-month timeline is specific deliverables, so, why the delay"? the issue of who is really in charge of the lake that is owned by the san francisco puc needs to be resolved sooner rather than later. the fact that rec and park department has not come back with specific deliverables within the past six months disqualifies them from future participation in any management role at lake merced. rec and park department promises more than they can deliver. we ask you to reschedule the next lake merced update to november 13 and arrange for a serious commission work

roll call. >> thank you. >> on the consent calendar. ms. -- (calling roll). >> [inaudible] as part of the consent calendar and secondly the lowell exterior painting and to the group and for advocating for that and thirdly i want to congratulate facilities in this consent calendar out of the $2 million in approvals 81% are minority or women owned businesses. >> thank you. >> [inaudible] >> that was aye commissioner? norton. wynns. mr. yee. seven aye's. >> thank you. item p consent calendar resolution for board and discussion and action. k1. commissioner mendoza. >> all right thank you. so i actually pulled both of these items. surprise. because they are retroactive. i am sorry to keep you here on this, but these two things are the kinds of things that make don't make a lot of sense to me, so for both items the school schedule require the work to start or the information was not finalized in time for the meeting and started august 1 and now september 25 so these kinds are the things that worry me particularly as the budget chair and for s

but i chose october/november of 41 put calendar when the stock was basically about $42. and so what i did was i sold the october 41 put at 50 cents, and i used the proceeds to buy the november 41 put for a dollar. and so what i'm doing here is trying to take advantage of the difference between october vol, basically four points over november. and like i said, i think the stock's going to trade within that implied loop. that's why i targeted this 41 strike. so what i need to happen to make money on this trade, by october expiration, which is basically two fridays from now, i want the stock to be 41 or higher than my october 41 puts that i'm short, expire worthless. then i effectively own these november 41 puts for 50 cents, half of what they're trading for right now. and at that point i want to own november. i think november's going to be cheap, and i think november could be more volatile with the election. and then as we turn toward fiscal cliff sort of issues, at that point i'll hopefully look to spread these in a put spread. >> you know, one of the things that's intere

consent calendar? is there a motion and a second on a consent calendar? >> motion. >> second. >> any items withdrawn or who is speaking for the superintendent? deputy mayor? deputy, mayor... >> thank you president lee. >> i respectfully decline. i don't believe that there are any items to correct or withdraw. >> any items removed by the board? >> any items severed by the board for discussion and vote tonight? >> roll call? >> vote, will take place under a section 0. item h? superintendent's proposal. moved and seconded on september,... this is 1, 29-sp1, revision to board policy, bp, 1342, uniform complaint procedures. it was moved and seconded on september 25th. and it has already gone through the committee and has forwarded back to the board with a positive recommendation and so a reading by the super indent tent or mr. davis. >> good evening, commissioners, what you have before you, is superintendent's propassal 129-25 sp1, second reading, revision to board policy, 1342, uniform complaint procedures and requested action is that the board of education o

a sense of when we will calendar it? >> end of october, beginning of november? >> if you would like to schedule it so that it is on the calendar, we will make every effort to make that date and we can always move off of that if we can't make it. >> thank you. >> okay, for general order, 5.01. chief tamioka and i met with director hicks and marian on a policy recommendation that occ had for a change to 5.01. we had that meeting a few months back. and in the last couple of days, we received e-mail from the occ with some recommended language. i have not had an opportunity to sit down with the chief although, he has some ideas on some questions for that. that we want to go over with the city attorney, but more importantly than just that one word language. i think that we agree that 5.01 on the use of force has more than just this minor change that needs to be made to it. because, they are looking at changing a word, but we are also looking at addressing the entire policy. we don't want to just change one word and not address

>> on the consent calendar? >> yes. >> miss ly. >> yes. >> miss wong. >> yes. >> miss fewer. >> yes. >> miss maufus. >> yes. >> miss mendoza and murase. >> yes. >> miss wynns. >> aye. >> and mr. yee. >> aye. >> item p, consent calendar resolutions severed for board discussion and immediate action, i think was one, commissioner maufus? thank you, president yee. thank you, i just had a question and this is very similar to the questions that i always ask, this description of services coordination of academic intervention and volunteer support for struggling students, could i get more detail on that? thank you. >> thank you, commissioner. this is margaret khu, assistant superintendent. >> and so greten elementary school has a reading intervention program that is supported by the pta and parent volunteers. and so they do school-wide sst to identify the needs of all students and then they do quarterly ssds to focus on students who are struggling in reading. and so the teachers in an sst team identify the reading needs

(voting) >> the items continued to nov. 8 as proposed on the calendar. commissioners, you're now on commissioners questions in matters. >> first i congratulate the oakland athletics and san francisco giants for winning their respective divisions and may be too early to start talking about bay bridge or bart series, it would be a thrill. i am thrilled that the oakland a's, in record-breaking style come from 13 games back to win the division; i hope it will keep their team in open forever. the oakland a's have won four world series san francisco giants to date have only won one. they may need to have any facility perhaps baseball only, most teams have that in the country. perhaps that is something that can be worked out between the oakland a's and the city of oakland. a personal note, despite the fact that i have rather bright pink clothing, i am happy to announce that my son and daughter-in-law are expecting a boy in march; my granddaughter will have a little brother. finally more importantly, i did meet with project sponsor a couple of weeks ago in regar

with out of the money calendars the math is not working in your favor like without of the money calendarsdan and i disagree on this trade as much as we disagreed on any trade over the last three years. he is long that 115 put now and if something horrible happens -- >> i think it was good debate but i don't like a binary trade into an earnings event. i have a situation where i can recoup what i have lost by selling a lower strike put. i'm still in the game. i think there is going to be down side volatility in the space. around the election it will be the perfect sort of timing for this trade. >> a reminder as we head to the break here, if you want updates on our trades like the fantastic trades you're hearing today, be sure to follow us on twitter at cnbc options. dan posts regular updates of his trades on twitter. at risk reversal. pineally, if you are on facebook you can stay posted on our trades throughout the week at facebook.com/optionsaction. i hope you got all that. coming up next the final call from the options pits. and you don't want to miss it with thinkorswim by td ameritrade.

call calendars could be a way to go. it's selling and buying nove. because it's 20 points under october. that could be one thing to consider also. >> i think the important thing to take away here. it's had a big run. mike is not getting greedy. it reduces the whole thing by almost 40%. that makes all the sense in the world. >> you did sound reluctant. you wouldn't want to buy the stock so you would do this. but at the end of the day, do you feel bullish about e-bay? >> i would be bullish enough -- that i would be willing to make a call spread to make that bet. to the point dan was making, it's not only rich relative to itself. it trades around 19 times earnings. the only reason that's expanded is because we've seen larger top line revenue growth. there are analysts that forecast it will decline in 18 months. that's the give and take we're trying to work with. >> let's look at the stocks versus options. want to buy ebay, pretty good one. 100 shares would set you back $4,800. mike's call spread cost just under $100. can triple your monday by the end of

we're trying to coordinate better with your advance calendar. mr. moran and i talked about moving the meeting. i don't think there will be a big objection. we don't want to be seen as a stop light. but a way to gain input from the community. we have one vacancy that has been vacant for 18 months, the mayor's large water appointment and it's been difficult. we put a few people forward. i think there are a lot of conflicts in anyone who has any business before the cpuc or the sfpuc is oftentimes conflicted out. we have a couple people that might fill that vacancy. i made a couple changes. we formed a new subcommittee, which is going to be headed by alex landsburg. he's going to not meet every month, but have a quarterly meeting and kind of look at those issues that are very important to the community. replacing, he was the wastewater subcommittee chair and he's being replaced by javier pruit hill, who is a recent appointee and the water commit, david pillpel will be heading the water committee. i'm sure you will have lots of procedural comments that w

but in the meantime we're going to explain the put calendar. we've done calendars of course, so let's crack open the play book and see how this thing works. in this strat jir you use the money to buy a longer data put. this is a bearish strategy. it does require timing though. below the strike of the longer dated put that you're long by the second expiration. so, dan, walk us through the trade. >> sure. so i did this today. here's the thing. i'm going to do this trade in earnest. like you said, i have to thread the needle and get the strikes right. i chose october/november, when the stock was basically 4 x $2. so what i did was i sold the october 41 put at 50 cents and i used the proceeds to buy the november 41 put for a dollar. and so what i'm doing here is trying to take advantage of the difference between october call, basically four points over november. what i need to happen to make money on this trade, be i october expiration, which is basically two fridays from now, i want the stock to be higher. then i effectively own these november 41

any other comments on the consent calendar? chair will entertain a motion. >> so moved. >> moved and? seconded. all those in favor -- is there any further debate? all those in favor signify by saying aye. >> aye. >> opposed? all right, the ayes have it. the report is accepted. and now we move to regular business, item number 10. >> item number 10, discussion and possible action to adopt the revised san francisco public utilities commission rules of order. >> you're on the docket. >> david again. i just want to speak in you is port. these are good clean ups and thank you for picking up the audio recording item that i suggested last time. >> you're most welcome. any other comments? commissioner moran. >> simply that we considered this at the last meeting and given that these were the rules in order for the entire commission, we wanted to make sure that both the full commission and the new president and vice president advised these are the rules we operate by. i think we haven't made significant changes here. it's really just upda

and it is calendared, i guess, or in the process of calendaring? >> it's not calendared yet. >> it's one of the biggest issues that's come up over the years. so, we want to really understand what the proposal is and how it works for us. secondly, i just have questions on the companion piece to prop c legislation which you spoke about regarding the increase and inclusionary floor from 5 to 10 units. the board passed it. is there an ability to change their position, is that what the action was? or they continued it? >> no, they pass it had and finally adopted. it includes a provision that would allow them to study the impact of removing inclusionary requirement on buildings with 5 to 9 residential units. and if their study showed that it should be reinstated, the board would have the capacity to reinstate that requirement, but it would take another legislative action of the board, which you would get the opportunity to review. >> okay. and would there be any time frame on this reconsideration or just open-ended any time they feel like it? because par

october is just on the calendar. but i bring this up, in a few days i'm sure you will hear that history could repeat itself. this kind of thinking, some of you might sell stocks because we have an anniversary. i want you to make decisions based on the fundamentals of the companies that you own. and then the impressionist factors. the feds attempt to jump start the u.s. economy by any means necessary. think about how many people might have sold in october last year. why doesn't this calendar style of investing interest me as a method to make money? simple. every year there is a way to make money. let me give you some concrete examples of why this is a lazy force that is nothing but a lovy blanket. first, when most of these numbers or patterns were created, the u.s. was in control of its own destiny. our financial system is connected with europe. do you think any of the historical data takes on that tectonic shift that we have to deal with? no, do you think i would be ringing a gong five years ago? this is kind of a re

dan's put calendar costs $140.he put that he was short expired meaning he has won the first leg of the trade and he is long the second put at a discount and needs goldman to fall below 113.60 by the second expiration. where is goldman going and that is the question for you. >> we started talking about this at the beginning of the show. a lot of banks and brokers put up decent results. the stocks acting well in a pretty good market. what i was trying to play for was selling that implied move in october. what i wanted to happen happened although the spread did lose 1/3 of its value. i think we will see further weakness next week and look for a lower strike put. >> let's stay with goldman and the financials and shoot it over to the master. carter, i believe that is you. what do you see in the charts? >> moving from a 52-week low of 90 you stall out when you first approach. we would short goldman here with dan and play for lower prices. >> mike? >> i'm inclined to agree. he was making a great point before. the financia