NSC - New Position

A new CSP position was established today on Norfolk Southern Corporation (NSC). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	11
Fair Value Estimate	$90.00
Target Buy Price	$63.00
Target Margin of Safety	30.00%
Actual Buy Price	$62.50
Actual Margin of Safety	30.56%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/26/2012	NSC	CSP Margin Used	CSP 100 NSC @ 62.50		($6,250.00)
9/26/2012	NSC	Initial Put Option	STO 1 Oct12 62.50 Put @ 0.62			$61.94

Position Summary

Cost Basis	($6,250.00)
Income Generated	$61.94
Percent Income Generated	0.99%
Annualized Income Generated	15.73%
Net Profit If Assigned	$61.94
Percent Return If Assigned	0.99%
Annualized Return If Assigned	15.73%
Days Held to Expiration	23 days

SU - New Position

A new CSP position was established today on Suncor Energy (SU). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	7
Fair Value Estimate	$52.00
Target Buy Price	$36.40
Target Margin of Safety	30.00%
Actual Buy Price	$31.00
Actual Margin of Safety	40.38%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/25/2012	SU	CSP Margin Used	CSP 100 SU @ 31.00		($3,100.00)
9/25/2012	SU	Initial Put Option	STO 1 Oct12 31.00 Put @ 0.28			$27.94

Position Summary

Cost Basis	($3,100.00)
Income Generated	$27.94
Percent Income Generated	0.90%
Annualized Income Generated	13.71%
Net Profit If Assigned	$27.94
Percent Return If Assigned	0.90%
Annualized Return If Assigned	13.71%
Days Held to Expiration	24 days

STRA - New Position

A new CSP position was established today on Strayer Education Inc (STRA). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	8
Fair Value Estimate	$110.00
Target Buy Price	$66.00
Target Margin of Safety	40.00%
Actual Buy Price	$50.00
Actual Margin of Safety	54.55%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/25/2012	STRA	CSP Margin Used	CSP 100 STRA @ 50.00		($5,000.00)
9/25/2012	STRA	Initial Put Option	STO 1 Oct12 50.00 Put @ 0.43			$42.94

Position Summary

Cost Basis	($5,000.00)
Income Generated	$42.94
Percent Income Generated	0.86%
Annualized Income Generated	13.06%
Net Profit If Assigned	$42.94
Percent Return If Assigned	0.86%
Annualized Return If Assigned	13.06%
Days Held to Expiration	24 days

EXPD - New Position

A new CSP position was established today on Expeditors International (EXPD). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	18
Fair Value Estimate	$51.00
Target Buy Price	$35.70
Target Margin of Safety	30.00%
Actual Buy Price	$35.00
Actual Margin of Safety	31.37%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/25/2012	EXPD	CSP Margin Used	CSP 100 EXPD @ 35.00		($3,500.00)
9/25/2012	EXPD	Initial Put Option	STO 1 Oct12 35.00 Put @ 0.40			$39.52

Position Summary

Cost Basis	($3,500.00)
Income Generated	$39.52
Percent Income Generated	1.13%
Annualized Income Generated	17.17%
Net Profit If Assigned	$39.52
Percent Return If Assigned	1.13%
Annualized Return If Assigned	17.17%
Days Held to Expiration	24 days

CSX - New Position

A new CSP position was established today on CSX Corporation (CSX). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	8
Fair Value Estimate	$31.00
Target Buy Price	$21.70
Target Margin of Safety	30.00%
Actual Buy Price	$20.00
Actual Margin of Safety	35.48%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/25/2012	CSX	CSP Margin Used	CSP 200 CSX @ 20.00		($4,000.00)
9/25/2012	CSX	Initial Put Option	STO 2 Oct12 20.00 Put @ 0.21			$42.48

Position Summary

Cost Basis	($4,000.00)
Income Generated	$42.48
Percent Income Generated	1.06%
Annualized Income Generated	16.15%
Net Profit If Assigned	$42.48
Percent Return If Assigned	1.06%
Annualized Return If Assigned	16.15%
Days Held to Expiration	24 days

TBT - Closed

The ProShares UltraShort 20+ Year Treasury (TBT) Sep12 16.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,200.00
Net Profit	$115.57
Percent Return	3.61%
Annualized Return	10.14%
Days Held to Expiration	130 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/14/2012	TBT	CSP Margin Used	CSP 200 TBT @ 16.00		($3,200.00)
5/14/2012	TBT	Continued Trade	STO 2 Jun12 16.00 Put @ 0.23	Exercised		$46.55
6/15/2012	TBT	CSP Margin Returned	CSP 200 TBT @ -16.00		$3,200.00
6/15/2012	TBT	Stock Assigned	EX 2 Jun12 16.00 Put @ -16.00	Called	($3,200.00)
7/27/2012	TBT	Continued Trade	STO 2 Sep12 16.00 Call @ 0.35	Exercised		$69.09
9/21/2012	TBT	Stock Called	EX 2 Sep12 16.00 Call @ 16.00			$3,199.93
9/21/2012	TBT		Net Cost/Profit-Loss		($3,200.00)	$115.57
DTE	130		Percent Profit-Loss/Annualized		3.61%	10.14%

STRA - Closed

The Strayer Education Inc (STRA) Sep12 55.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,500.00
Net Profit	$103.94
Percent Return	1.89%
Annualized Return	13.27%
Days Held to Expiration	52 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/31/2012	STRA	CSP Margin Used	CSP 100 STRA @ 55.00		($5,500.00)
7/31/2012	STRA	Initial Put Option	STO 1 Sep12 55.00 Put @ 1.04	Expired		$103.94
9/21/2012	STRA	CSP Margin Returned	CSP 100 STRA @ -55.00			$5,500.00
9/21/2012	STRA		Net Cost/Profit-Loss		($5,500.00)	$103.94
DTE	52		Percent Profit-Loss/Annualized		1.89%	13.27%

NVS - Closed

The Novartis (NVS) Sep12 60.00 Call was exercised and the position was closed. All prices include IB commissions.

Note: This was the second position on NVS.

Position Summary

Cost Basis	$5,500.00
Net Profit	$692.05
Percent Return	12.58%
Annualized Return	21.66%
Days Held to Expiration	212 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
2/22/2012	NVS	CSP Margin Used	CSP 100 NVS @ 55.00		($5,500.00)
2/22/2012	NVS	Initial Put Option	STO 1 Mar12 55.00 Put @ 0.79	Exercised		$78.97
3/16/2012	NVS	CSP Margin Returned	CSP 100 NVS @ -55.00		$5,500.00
3/16/2012	NVS	Stock Assigned	EX 1 Mar12 55.00 Put @ -55.00	Called	($5,500.00)
3/19/2012	NVS	Continued Trade	STO 1 May12 57.50 Call @ 0.59	Expired		$58.97
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54	Exercised		$54.25
9/21/2012	NVS	Stock Called	EX 1 Sep12 60.00 Call @ 60.00			$5,999.87
9/21/2012	NVS		Net Cost/Profit-Loss		($5,500.00)	$692.05
DTE	212		Percent Profit-Loss/Annualized		12.58%	21.66%

NVS - Closed

The Novartis (NVS) Sep12 60.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,250.00
Net Profit	$972.80
Percent Return	18.53%
Annualized Return	28.18%
Days Held to Expiration	240 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	NVS	CSP Margin Used	CSP 100 NVS @ 52.50		($5,250.00)
1/25/2012	NVS	Initial Put Option	STO 1 Mar12 52.50 Put @ 1.18	Expired		$117.97
3/22/2012	NVS	Continued Trade	STO 1 May12 52.50 Put @ 0.51	Exercised		$50.72
5/18/2012	NVS	CSP Margin Returned	CSP 100 NVS @ -52.50		$5,250.00
5/18/2012	NVS	Stock Assigned	EX 1 May12 52.50 Put @ -52.50	Called	($5,250.00)
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54	Exercised		$54.25
9/21/2012	NVS	Stock Called	EX 1 Sep12 60.00 Call @ 60.00			$5,999.87
9/21/2012	NVS		Net Cost/Profit-Loss		($5,250.00)	$972.80
DTE	240		Percent Profit-Loss/Annualized		18.53%	28.18%

LOW - Closed

The Lowes Companies Inc (LOW) Sep12 23.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,600.00
Net Profit	$86.79
Percent Return	1.89%
Annualized Return	13.24%
Days Held to Expiration	52 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/31/2012	LOW	CSP Margin Used	CSP 200 LOW @ 23.00		($4,600.00)
7/31/2012	LOW	Initial Put Option	STO 2 Sep12 23.00 Put @ 0.43	Expired		$86.79
9/21/2012	LOW	CSP Margin Returned	CSP 200 LOW @ -23.00			$4,600.00
9/21/2012	LOW		Net Cost/Profit-Loss		($4,600.00)	$86.79
DTE	52		Percent Profit-Loss/Annualized		1.89%	13.24%