MCO - Adjustment

The following adjustment was made today on Moody's Corp (MCO). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/29/2009	MCO	Continued Trade	STO 2 Nov09 24.00 Put @ 1.14			$228.60

Current Position Summary

CSP Margin Used	$10,649.00
Income Generated	$3,159.80
Percent Income Generated	29.67%
Annualized Income Generated	12.36%
Net Profit If Expired	-$2,689.20
Percent Return If Expired	-25.25%
Annualized Return If Expired	-10.52%
Days Held to Expiration	876 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/28/2007	MCO	Initial Stock Position	BTO 100 MCO @ 62.41	Called	($6,241.00)
6/28/2007	MCO	Initial Call Option	STO 1 Jul07 60.00 Call @ 3.49	Expired		$349.00
7/25/2007	MCO	Continued Trade	STO 1 Aug07 60.00 Call @ 1.54	Expired		$154.00
8/20/2007	MCO	Interim Trade	STO 1 Sep07 55.00 Call @ 0.89	Expired		$89.00
9/10/2007	MCO	Dividend Received	DIV 100 Dividend @ 0.08			$8.00
9/24/2007	MCO	Interim Trade	STO 1 Oct07 55.00 Call @ 0.24	Expired		$24.00
10/25/2007	MCO	Second Stock Position	BTO 100 MCO @ 44.08	Called	($4,408.00)
10/25/2007	MCO	Combined Cost Basis	$10,649.00 200 @ 53.25
10/25/2007	MCO	Continued Trade	STO 2 Dec07 55.00 Call @ 0.29	Expired		$58.60
12/10/2007	MCO	Dividend Received	DIV 200 Dividend @ 0.08			$16.00
1/24/2008	MCO	Interim Trade	STO 2 Feb08 40.00 Call @ 0.89	Expired		$178.60
2/21/2008	MCO	Interim Trade	STO 2 Mar08 45.00 Call @ 0.24	Expired		$48.60
3/10/2008	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
3/25/2008	MCO	Interim Trade	STO 2 May08 45.00 Call @ 0.54	Expired		$108.60
5/16/2008	MCO	Buy Back & Roll Out/Up	BTC 2 May08 45.00 Call @ -0.11			($21.40)
5/22/2008	MCO	Interim Trade	STO 2 Jul08 40.00 Call @ 0.94	Expired		$188.60
6/10/2008	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
7/30/2008	MCO	Interim Trade	STO 1 Aug08 40.00 Call @ 0.54	Closed		$54.00
7/30/2008	MCO	Interim Trade	STO 1 Sep08 40.00 Call @ 1.04	Closed		$104.00
8/15/2008	MCO	Buy Back and Roll Out	BTC 1 Aug08 40.00 Call @ -0.26			($26.00)
8/15/2008	MCO	Interim Trade	STO 1 Sep08 40.00 Call @ 2.00	Closed		$200.00
9/10/2008	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
9/12/2008	MCO	Buy Back & Roll Out	BTC 2 Sep08 40.00 Call @ -0.71			($141.40)
9/12/2008	MCO	Interim Trade	STO 2 Oct08 40.00 Call @ 1.69	Expired		$338.60
10/20/2008	MCO	Interim Trade	STO 2 Nov08 30.00 Call @ 0.56	Expired		$111.00
11/24/2008	MCO	Interim Trade	STO 2 Jan09 25.00 Call @ 1.19	Expired		$238.60
12/10/2008	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
1/22/2009	MCO	Interim Trade	STO 2 Feb09 25.00 Call @ 0.64	Expired		$128.60
2/24/2009	MCO	Interim Trade	STO 2 Apr09 22.50 Call @ 0.81	Closed		$161.20
3/10/2009	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
4/13/2009	MCO	Buy Back & Roll Out/Up	BTC 2 Apr09 22.50 Call @ -3.19			($638.80)
4/13/2009	MCO	Interim Trade	STO 2 Aug09 25.00 Call @ 3.89	Closed		$778.60
6/10/2009	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
8/11/2009	MCO	Buy Back & Roll Out	BTC 2 Aug09 25.00 Call @ -0.71			($141.40)
8/11/2009	MCO	Interim Trade	STO 2 Sep09 25.00 Call @ 1.39	Expired		$278.60
9/10/2009	MCO	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
9/22/2009	MCO	Interim Trade	STO 2 Oct09 24.00 Call @ 0.72	Exercised		$144.00
10/16/2009	MCO	Option Exercised	EX 2 Oct09 24.00 Call @ 24.00		$4,800.00
10/29/2009	MCO	CSP Margin Used	CSP 200 MCO @ 24.00		($4,800.00)
10/29/2009	MCO	Combined Cost Basis	$10,649.00 200 @ 53.25
10/29/2009	MCO	Continued Trade	STO 2 Nov09 24.00 Put @ 1.14			$228.60
11/20/2009	MCO		Totals		($10,649.00)	$3,159.80
DTE	876		Percent Income/Annualized		29.67%	12.36%

MHP - Adjustment

The following adjustment was made today on McGraw-Hill (MHP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/26/2009	MHP	Continued Trade	STO 1 Dec09 25.00 Put @ 0.49			$49.00

Current Position Summary

CSP Margin Used	$4,527.00
Income Generated	$740.40
Percent Income Generated	16.36%
Annualized Income Generated	10.33%
Net Profit If Expired	-$1,286.60
Percent Return If Expired	-28.42%
Annualized Return If Expired	-17.95%
Days Held to Expiration	578 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2008	MHP	Initial Stock Position	BTO 100 MHP @ 45.27	Called	($4,527.00)
5/19/2008	MHP	Initial Call Option	STO 1 Jun08 45.00 Call @ 1.64	Expired		$164.00
6/11/2008	MHP	Dividend Received	DIV 100 Dividend @ 0.22			$22.00
7/7/2008	MHP	Continued Trade	STO 1 Aug08 45.00 Call @ 0.34	Expired		$34.00
8/22/2008	MHP	Continued Trade	STO 1 Sep08 45.00 Call @ 0.51	Closed		$51.00
9/10/2008	MHP	Dividend Received	DIV 100 Dividend @ 0.22			$22.00
9/23/2008	MHP	Continued Trade	STO 1 Nov08 45.00 Call @ 0.79	Closed		$79.00
10/20/2008	MHP	Buy Back and Roll Down	BTC 1 Nov08 45.00 Call @ -0.21	Closed		($21.00)
10/20/2008	MHP	Interim Trade	STO 1 Nov08 35.00 Call @ 0.29	Expired		$29.00
11/24/2008	MHP	Interim Trade	STO 1 Jan09 30.00 Call @ 0.87	Expired		$87.00
12/10/2008	MHP	Dividend Received	DIV 100 Dividend @ 0.22			$22.00
1/27/2009	MHP	Interim Trade	STO 1 Feb09 22.50 Call @ 0.35	Closed		$35.30
2/9/2009	MHP	Buy Back and Roll Out/Up	BTC 1 Feb09 22.50 Call @ -3.30			($329.70)
2/9/2009	MHP	Interim Trade	STO 1 Mar09 25.00 Call @ 1.89	Expired		$189.30
3/11/2009	MHP	Dividend Received	DIV 100 Dividend @ 0.23			$22.50
3/24/2009	MHP	Interim Trade	STO 1 May09 25.00 Call @ 1.16	Closed		$116.30
4/29/2009	MHP	Buy Back and Roll Out	BTC 1 May09 25.00 Call @ -5.11			($511.00)
4/29/2009	MHP	Interim Trade	STO 1 Jun09 25.00 Call @ 5.39	Closed		$539.00
5/21/2009	MHP	Buy Back and Roll Out	BTC 1 Jun09 25.00 Call @ -5.79			($579.00)
5/21/2009	MHP	Interim Trade	STO 1 Aug09 25.00 Call @ 6.31	Closed		$631.00
6/10/2009	MHP	Dividend Received	DIV 100 Dividend @ 0.23			$22.50
8/11/2009	MHP	Buy Back and Roll Out	BTC 1 Aug09 25.00 Call @ -4.70			($470.00)
8/11/2009	MHP	Interim Trade	STO 1 Sep09 25.00 Call @ 4.40	Closed		$440.00
9/10/2009	MHP	Dividend Received	DIV 100 Dividend @ 0.23			$22.50
9/18/2009	MHP	Buy Back and Roll Out	BTC 1 Sep09 25.00 Call @ -1.80			($180.00)
9/18/2009	MHP	Interim Trade	STO 1 Oct09 25.00 Call @ 2.54	Exercised		$253.70
10/16/2009	MHP	Option Exercised	EX 1 Oct09 25.00 Call @ 25.00		$2,500.00
10/26/2009	MHP	CSP Margin Used	CSP 100 MHP @ 25.00		($2,500.00)
10/26/2009	MHP	Combined Cost Basis	$4,527.00 100 @ 45.27
10/26/2009	MHP	Continued Trade	STO 1 Dec09 25.00 Put @ 0.49			$49.00
12/18/2009	MHP		Totals		($4,527.00)	$740.40
DTE	578		Percent Income/Annualized		16.36%	10.33%

Continuous Positions

I updated my trading plan today with a new strategy for long term positions. For each underlying company, I will maintain a single continuous position, alternating between Covered Calls (CC) and Cash Secured Puts (CSP). Positions will only be closed when the company no longer meets my requirements.

There were several reasons for this change.

1) It provides an easier method for tracking how well a particular underlying company is performing. I used to track closed positions, but then I lost sight of how each company was performing. Going back to look at each individual closed position for a company was time consuming, since the data needed to be merged. By keeping the position open until I no longer want to hold the company, I can easily see at a glance how the company is performing in my portfolio, or how former companies have performed.

2) It provides more flexibility when making adjustments. When a CC is ITM, rather than buy it back to avoid assignment, I can just let it get assigned, and then sell a CSP at the same strike. I book a credit for the proceeds of the sale, and use that money to secure the put (debit). At times, this is a better alternative than rolling out a CC at the same strike or higher strike for very little, if any, time value. It also requires less capital than averaging down or up. Letting the stock get called and selling the same strike CSP doesn't change the cost basis. Selling a higher strike CSP requires some additional capital but not as much as buying additional shares of stock.

3) Having a small, manageable portfolio of a few good companies, and/or ETF's, and continually writing CC's and CSP's on them greatly simplifies my approach and reduces the amount of time needed to manage the portfolio, since I don't need to constantly search for companies every month.

Over the past couple of months, I've allowed most of my CC positions to be called away and have sold CSP's. When those CSP's are assigned, I'll revert back to selling CC's.

In addition, I've modified the reporting for each position to be in table format, which uses a double-sided accounting method for tracking the stock investment and income generated. Hopefully this format makes it easier for my readers see how each position has performed.

LLY - Adjustment

The following adjustment was made today on Eli Lilly (LLY). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/23/2009	LLY	Continued Trade	STO 1 Nov09 34.00 Put @ 0.99			$99.00

Current Position Summary

CSP Margin Used	$5,003.00
Income Generated	$1,119.30
Percent Income Generated	22.37%
Annualized Income Generated	14.40%
Net Profit If Expired	-$483.70
Percent Return If Expired	-9.67%
Annualized Return If Expired	-6.22%
Days Held to Expiration	567 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/2/2008	LLY	Initial Stock Position	BTO 100 LLY @ 49.71	Called	($4,971.00)
5/2/2008	LLY	Initial Call Option	STO 1 Jun08 50.00 Call @ 1.29	Expired		$129.00
6/10/2008	LLY	Dividend Received	DIV 100 Dividend @ 0.47			$47.00
7/7/2008	LLY	Continued Trade	STO 1 Aug08 50.00 Call @ 0.29	Expired		$29.00
8/22/2008	LLY	Continued Trade	STO 1 Sep08 50.00 Call @ 0.32	Expired		$32.00
9/10/2008	LLY	Dividend Received	DIV 100 Dividend @ 0.47			$47.00
9/23/2008	LLY	Continued Trade	STO 1 Oct08 50.00 Call @ 0.40	Expired		$40.00
10/20/2008	LLY	Interim Trade	STO 1 Nov08 40.00 Call @ 0.19	Expired		$19.00
11/24/2008	LLY	Interim Trade	STO 1 Jan09 40.00 Call @ 0.39	Expired		$39.00
12/10/2008	LLY	Dividend Received	DIV 100 Dividend @ 0.47			$47.00
1/29/2009	LLY	Interim Trade	STO 1 Mar09 40.00 Call @ 0.90	Expired		$90.30
3/10/2009	LLY	Dividend Received	DIV 100 Dividend @ 0.49			$49.00
3/24/2009	LLY	Interim Trade	STO 1 Apr09 35.00 Call @ 0.74	Expired		$74.00
4/21/2009	LLY	Interim Trade	STO 1 May09 35.00 Call @ 0.49	Exercised		$49.00
5/12/2009	LLY	Option Exercised	EX 1 May09 35.00 Call @ 35.00		$3,500.00
5/13/2009	LLY	Repurchase Stock Position	BTO 100 LLY @ 35.32	Called	($3,532.00)
5/13/2009	LLY	Combined Cost Basis	$5,003.00 100 @ 50.03
5/13/2009	LLY	Interim Trade	STO 1 Jun09 35.00 Call @ 1.59	Expired		$159.00
6/24/2009	LLY	Interim Trade	STO 1 Jul09 35.00 Call @ 0.29	Expired		$29.00
7/23/2009	LLY	Interim Trade	STO 1 Aug09 35.00 Call @ 0.49	Closed		$49.00
8/12/2009	LLY	Buy Back and Roll Out	BTC 1 Aug09 35.00 Call @ -0.11			($11.00)
8/12/2009	LLY	Interim Trade	STO 1 Sep09 35.00 Call @ 0.35	Expired		$35.00
9/10/2009	LLY	Dividend Received	DIV 100 Dividend @ 0.49			$49.00
9/22/2009	LLY	Interim Trade	STO 1 Oct09 34.00 Call @ 0.19	Exercised		$19.00
10/16/2009	LLY	Option Exercised	EX 1 Oct09 34.00 Call @ 34.00		$3,400.00
10/23/2009	LLY	CSP Margin Used	CSP 100 LLY @ 34.00		($3,400.00)
10/23/2009	LLY	Combined Cost Basis	$5,003.00 100 @ 50.03
10/23/2009	LLY	Continued Trade	STO 1 Nov09 34.00 Put @ 0.99			$99.00
11/20/2009	LLY		Totals		($5,003.00)	$1,119.30
DTE	567		Percent Income/Annualized		22.37%	14.40%

DOV - Adjustment

The following adjustment was made today on Dover Corp (DOV). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/23/2009	DOV	Continued Trade	STO 1 Dec09 35.00 Put @ 0.51			$50.70

Current Position Summary

CSP Margin Used	$5,921.00
Income Generated	$805.70
Percent Income Generated	13.61%
Annualized Income Generated	8.59%
Net Profit If Expired	-$1,615.30
Percent Return If Expired	-27.28%
Annualized Return If Expired	-17.23%
Days Held to Expiration	578 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2008	DOV	Initial Stock Position	BTO 100 DOV @ 54.21		($5,421.00)
5/19/2008	DOV	Initial Call Option	STO 1 Jun08 55.00 Call @ 1.15	Expired		$115.00
6/15/2008	DOV	Dividend Received	DIV 100 Dividend @ 0.20			$20.00
7/7/2008	DOV	Continued Trade	STO 1 Sep08 55.00 Call @ 0.47	Expired		$47.00
9/15/2008	DOV	Dividend Received	DIV 100 Dividend @ 0.25			$25.00
9/23/2008	DOV	Interim Trade	STO 1 Dec08 50.00 Call @ 0.78	Expired		$78.00
12/15/2008	DOV	Dividend Received	DIV 100 Dividend @ 0.25			$25.00
12/22/2008	DOV	Interim Trade	STO 1 Jan09 35.00 Call @ 0.29	Expired		$29.00
1/28/2009	DOV	Interim Trade	STO 1 Mar09 35.00 Call @ 0.79	Expired		$79.00
3/15/2009	DOV	Dividend Received	DIV 100 Dividend @ 0.25			$25.00
3/24/2009	DOV	Interim Trade	STO 1 May09 30.00 Call @ 0.79	Closed		$79.00
5/4/2009	DOV	Buy Back and Roll Out	BTC 1 May09 30.00 Call @ -2.48			($248.00)
5/4/2009	DOV	Interim Trade	STO 1 Jun09 30.00 Call @ 3.09	Closed		$309.00
6/15/2009	DOV	Dividend Received	DIV 100 Dividend @ 0.25			$25.00
6/18/2009	DOV	Buy Back and Roll Out	BTC 1 Jun09 30.00 Call @ -3.81			($381.00)
6/18/2009	DOV	Interim Trade	STO 1 Sep09 30.00 Call @ 4.89	Exercised		$489.00
8/27/2009	DOV	Option Exercised	EX 1 Sep09 30.00 Call @ 30.00		$3,000.00
9/2/2009	DOV	CSP Margin Used	CSP 100 DOV @ 30.00		($3,000.00)
9/2/2009	DOV	Combined Cost Basis	$5,421.00 100 @ 54.21
9/2/2009	DOV	Continued Trade	STO 1 Oct09 30.00 Put @ 0.39	Expired		$39.00
10/16/2009	DOV	CSP Margin Returned	CSP 100 DOV @ -30.00		$3,000.00
10/23/2009	DOV	CSP Margin Used	CSP 100 DOV @ 35.00		($3,500.00)
10/23/2009	DOV	Combined Cost Basis	$5,921.00 100 @ 59.21
10/23/2009	DOV	Continued Trade	STO 1 Dec09 35.00 Put @ 0.51			$50.70
12/18/2009	DOV		Totals		($5,921.00)	$805.70
DTE	578		Percent Income/Annualized		13.61%	8.59%

AXP - Adjustment

The following adjustment was made today on American Express (AXP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/23/2009	AXP	Continued Trade	STO 2 Nov09 33.00 Put @ 0.50			$100.60

Current Position Summary

CSP Margin Used	$12,600.00
Income Generated	$2,860.80
Percent Income Generated	22.70%
Annualized Income Generated	11.46%
Net Profit If Expired	-$3,139.20
Percent Return If Expired	-24.91%
Annualized Return If Expired	-12.58%
Days Held to Expiration	723 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/28/2007	AXP	Initial Stock Position	BTO 100 AXP @ 56.74	Called	($5,674.00)
11/28/2007	AXP	Initial Call Option	STO 1 Dec07 55.00 Call @ 3.21	Expired		$321.00
1/7/2008	AXP	Continued Trade	STO 1 Feb08 55.00 Call @ 0.69	Expired		$69.00
2/8/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
2/21/2008	AXP	Interim Trade	STO 1 Apr08 50.00 Call @ 0.89	Expired		$89.00
4/25/2008	AXP	Interim Trade	STO 1 May08 50.00 Call @ 0.30	Expired		$30.00
5/9/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
5/19/2008	AXP	Interim Trade	STO 1 Jul08 50.00 Call @ 2.65	Expired		$265.00
7/23/2008	AXP	Interim Trade	STO 1 Aug08 42.50 Call @ 0.60	Expired		$60.00
8/8/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
8/22/2008	AXP	Interim Trade	STO 1 Sep08 42.50 Call @ 0.28	Closed		$28.00
9/12/2008	AXP	Buy Back & Roll Out	BTC 1 Sep08 42.50 Call @ -0.16			($16.00)
9/12/2008	AXP	Interim Trade	STO 1 Oct08 42.50 Call @ 0.79	Expired		$79.00
9/23/2008	AXP	Second Stock Position	BTO 100 AXP @ 37.26	Called	($3,726.00)
9/23/2008	AXP	Combined Cost Basis	$9,400.00 200 @ 47.00
9/23/2008	AXP	Initial Call Option	STO 1 Oct08 35.00 Call @ 3.67	Expired		$367.00
10/20/2008	AXP	Interim Trade	STO 2 Nov08 27.50 Call @ 1.22	Expired		$244.60
11/10/2008	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
11/24/2008	AXP	Interim Trade	STO 2 Dec08 25.00 Call @ 0.54	Expired		$108.60
12/22/2008	AXP	Interim Trade	STO 2 Jan09 22.50 Call @ 0.31	Expired		$61.20
1/27/2009	AXP	Interim Trade	STO 2 Feb09 17.50 Call @ 0.66	Expired		$131.20
2/10/2009	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
2/24/2009	AXP	Interim Trade	STO 2 Mar09 15.00 Call @ 0.34	Expired		$68.60
3/24/2009	AXP	Interim Trade	STO 2 May09 17.50 Call @ 0.84	Closed		$168.60
5/4/2009	AXP	Buy Back and Roll Out	BTC 2 May09 17.50 Call @ -8.90			($1,779.40)
5/4/2009	AXP	Interim Trade	STO 2 Jun09 17.00 Call @ 9.49	Exercised		$1,898.60
5/8/2009	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
6/19/2009	AXP	Option Exercised	EX 2 Jun09 17.00 Call @ 17.00		$3,400.00
6/19/2009	AXP	CSP Margin Used	CSP 200 AXP @ 21.00	Closed	($4,200.00)
6/19/2009	AXP	Initial Put Position	STO 2 Jul09 21.00 Put @ 0.29	Closed		$58.60
7/17/2009	AXP	Buy Back and Roll Out/Up	BTC 2 Jul09 21.00 Put @ -0.06			($11.00)
7/17/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -21.00		$4,200.00
7/17/2009	AXP	CSP Margin Used	CSP 200 AXP @ 25.00		($5,000.00)
7/17/2009	AXP	Continued Trade	STO 2 Aug09 25.00 Put @ 0.70	Expired		$140.60
8/21/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -25.00		$5,000.00
9/2/2009	AXP	CSP Margin Used	CSP 200 AXP @ 29.00		($5,800.00)
9/2/2009	AXP	Combined Cost Basis	$11,800.00 200 @ 59.00
9/2/2009	AXP	Continued Trade	STO 2 Oct09 29.00 Put @ 1.08	Expired		$216.00
10/16/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -29.00		$5,800.00
10/23/2009	AXP	CSP Margin Used	CSP 200 AXP @ 33.00		($6,600.00)
10/23/2009	AXP	Combined Cost Basis	$12,600.00 200 @ 63.00
10/23/2009	AXP	Continued Trade	STO 2 Nov09 33.00 Put @ 0.50			$100.60
11/20/2009	AXP		Totals		($12,600.00)	$2,860.80
DTE	723		Percent Income/Annualized		22.7%	11.46%

SYK - New Position

A new position was established today on Stryker Corp (SYK). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/22/2009	SYK	CSP Margin Used	CSP 100 SYK @ 49.00		($4,900.00)
10/22/2009	SYK	Initial Put Option	STO 1 Nov09 49.00 Put @ 1.16			$115.70

Position Summary

CSP Margin Used	$4,900.00
Income Generated	$115.70
Percent Income Generated	2.36%
Annualized Income Generated	29.72%
Net Profit If Expired	$115.70
Percent Return If Expired	2.36%
Annualized Return If Expired	29.72%
Days Held to Expiration	29 days

MON - New Position

A new position was established today on Monsanto (MON). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/22/2009	MON	CSP Margin Used	CSP 100 MON @ 75.00		($7,500.00)
10/22/2009	MON	Initial Put Option	STO 1 Nov09 75.00 Put @ 1.95			$195.00

Position Summary

CSP Margin Used	$7,500.00
Income Generated	$195.00
Percent Income Generated	2.60%
Annualized Income Generated	32.72%
Net Profit If Expired	$195.00
Percent Return If Expired	2.60%
Annualized Return If Expired	32.72%
Days Held to Expiration	29 days

PG - New Position

A new position was established today on Procter and Gamble (PG). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/22/2009	PG	CSP Margin Used	CSP 100 PG @ 57.50		($5,750.00)
10/22/2009	PG	Initial Put Option	STO 1 Nov09 57.50 Put @ 1.14			$114.00

Position Summary

CSP Margin Used	$5,750.00
Income Generated	$114.00
Percent Income Generated	1.98%
Annualized Income Generated	24.95%
Net Profit If Expired	$114.00
Percent Return If Expired	1.98%
Annualized Return If Expired	24.95%
Days Held to Expiration	29 days

EXP - Adjustment

The following adjustment was made today on Eagle Materials Inc (EXP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/22/2009	EXP	Continued Trade	STO 2 Dec09 25.00 Put @ 0.74			$148.60

Current Position Summary

CSP Margin Used	$10,856.00
Income Generated	$2,806.35
Percent Income Generated	25.85%
Annualized Income Generated	7.07%
Net Profit If Expired	-$3,049.65
Percent Return If Expired	-28.09%
Annualized Return If Expired	-7.69%
Days Held to Expiration	1334 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
4/24/2006	EXP	Initial Stock Position	BTO 100 EXP @ 70.60	Called	($7,060.00)
4/24/2006	EXP	Initial Call Option	STO 1 May06 65.00 Call @ 8.29	Expired		$829.00
5/22/2006	EXP	Continued Trade	STO 1 Oct06 60.00 Call @ 2.39			$239.25
7/20/2006	EXP	Dividend Received	DIV 100 Dividend @ 0.18			$17.50
7/25/2006	EXP	Interim Trade	STO 1 Jan07 50.00 Call @ 2.19	Closed		$219.25
7/25/2006	EXP	Buy Back & Roll Out/Down	BTC 1 Oct06 60.00 Call @ -0.21	Closed		($20.75)
10/23/2006	EXP	Interim Trade	STO 1 Jan07 40.00 Call @ 1.34	Closed		$134.25
10/23/2006	EXP	Buy Back & Roll Down	BTC 1 Jan07 50.00 Call @ -0.26			($25.75)
11/2/2006	EXP	Dividend Received	DIV 100 Dividend @ 0.18			$17.50
12/19/2006	EXP	Buy Back & Roll Out/Up	BTC 1 Jan07 40.00 Call @ -3.41			($340.75)
12/19/2006	EXP	Interim Trade	STO 1 Jul07 45.00 Call @ 4.39	Closed		$439.25
7/5/2007	EXP	Interim Trade	STO 1 Jan08 55.00 Call @ 3.29	Closed		$329.00
7/5/2007	EXP	Buy Back & Roll Out/Up	BTC 1 Jul07 45.00 Call @ -5.41			($541.00)
7/20/2007	EXP	Dividend Received	DIV 100 Dividend @ 0.20			$20.00
10/24/2007	EXP	Buy Back & Roll Down	BTC 1 Jan08 55.00 Call @ -0.16			($16.00)
10/24/2007	EXP	Second Stock Position	BTO 100 EXP @ 37.96	Called	($3,796.00)
10/24/2007	EXP	Combined Cost Basis	$10,856.00 200 @ 54.28
10/24/2007	EXP	Interim Trade	STO 2 Jan08 45.00 Call @ 0.69	Expired		$138.60
11/5/2007	EXP	Dividend Received	DIV 100 Dividend @ 0.20			$20.00
1/21/2008	EXP	Dividend Received	DIV 200 Dividend @ 0.20			$40.00
1/24/2008	EXP	Interim Trade	STO 2 Feb08 35.00 Call @ 1.29	Expired		$258.60
2/21/2008	EXP	Interim Trade	STO 2 Apr08 40.00 Call @ 0.84	Expired		$168.60
4/18/2008	EXP	Dividend Received	DIV 200 Dividend @ 0.20			$40.00
4/23/2008	EXP	Interim Trade	STO 2 Jul08 40.00 Call @ 0.99	Expired		$198.60
7/22/2008	EXP	Interim Trade	STO 1 Oct08 30.00 Call @ 0.54	Expired		$54.00
7/23/2008	EXP	Interim Trade	STO 1 Sep08 30.00 Call @ 0.34	Closed		$34.00
7/24/2008	EXP	Dividend Received	DIV 200 Dividend @ 0.20			$40.00
9/12/2008	EXP	Buy Back & Roll Out	BTC 1 Sep08 30.00 Call @ -0.36			($36.00)
9/12/2008	EXP	Interim Trade	STO 1 Oct08 30.00 Call @ 1.09	Expired		$109.00
10/20/2008	EXP	Interim Trade	STO 2 Nov08 20.00 Call @ 0.64	Expired		$128.60
11/6/2008	EXP	Dividend Received	DIV 200 Dividend @ 0.20			$40.00
11/24/2008	EXP	Interim Trade	STO 2 Dec08 20.00 Call @ 0.34	Expired		$68.60
12/22/2008	EXP	Interim Trade	STO 2 Feb09 22.50 Call @ 0.64	Expired		$128.60
1/23/2009	EXP	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
2/24/2009	EXP	Interim Trade	STO 2 Apr09 20.00 Call @ 0.54	Closed		$108.60
3/25/2009	EXP	Buy Back and Roll Up	BTC 2 Apr09 20.00 Call @ -5.21			($1,041.40)
3/25/2009	EXP	Interim Trade	STO 2 Oct09 25.00 Call @ 3.99	Exercised		$798.60
4/30/2009	EXP	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
7/23/2009	EXP	Dividend Received	DIV 200 Dividend @ 0.10			$20.00
10/16/2009	EXP	Option Exercised	EX 2 Oct09 25.00 Call @ 25.00		$5,000.00
10/22/2009	EXP	CSP Margin Used	CSP 200 EXP @ 25.00		($5,000.00)
10/22/2009	EXP	Combined Cost Basis	$10,856.00 200 @ 54.28
10/22/2009	EXP	Continued Trade	STO 2 Dec09 25.00 Put @ 0.74			$148.60
12/18/2009	EXP		Totals		($10,856.00)	$2,806.35
DTE	1334		Percent Income/Annualized		25.85%	7.07%

UTX - Adjustment

The following adjustment was made today on United Technologies (UTX). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/21/2009	UTX	Continued Trade	STO 1 Nov09 65.00 Put @ 1.23			$122.70

Current Position Summary

CSP Margin Used	$9,024.00
Income Generated	$876.10
Percent Income Generated	9.71%
Annualized Income Generated	6.24%
Net Profit If Expired	-$1,647.90
Percent Return If Expired	-18.26%
Annualized Return If Expired	-11.73%
Days Held to Expiration	568 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/2/2008	UTX	Initial Stock Position	BTO 100 UTX @ 75.24	Called	($7,524.00)
5/2/2008	UTX	Initial Call Option	STO 1 Jun08 75.00 Call @ 2.37	Expired		$237.00
6/10/2008	UTX	Dividend Received	DIV 100 Dividend @ 0.32			$32.00
7/7/2008	UTX	Interim Trade	STO 1 Aug08 70.00 Call @ 0.26	Expired		$26.00
8/22/2008	UTX	Interim Trade	STO 1 Sep08 70.00 Call @ 0.35	Closed		$35.00
9/10/2008	UTX	Dividend Received	DIV 100 Dividend @ 0.32			$32.00
9/12/2008	UTX	Buy Back & Roll Out	BTC 1 Sep08 70.00 Call @ -0.06			($6.00)
9/12/2008	UTX	Interim Trade	STO 1 Oct08 70.00 Call @ 0.69	Expired		$69.00
10/20/2008	UTX	Interim Trade	STO 1 Nov08 60.00 Call @ 0.39	Expired		$39.00
11/24/2008	UTX	Interim Trade	STO 1 Dec08 55.00 Call @ 0.79	Expired		$79.00
12/10/2008	UTX	Dividend Received	DIV 100 Dividend @ 0.39			$38.50
12/22/2008	UTX	Interim Trade	STO 1 Feb09 60.00 Call @ 0.60	Closed		$60.00
1/23/2009	UTX	Buy Back and Roll Down	BTC 1 Feb09 60.00 Call @ -0.06			($6.00)
1/23/2009	UTX	Interim Trade	STO 1 Feb09 50.00 Call @ 0.90	Expired		$90.30
2/24/2009	UTX	Interim Trade	STO 1 Mar09 45.00 Call @ 0.88	Expired		$88.00
3/10/2009	UTX	Dividend Received	DIV 100 Dividend @ 0.39			$38.50
3/24/2009	UTX	Interim Trade	STO 1 Apr09 45.00 Call @ 1.20	Closed		$120.30
4/16/2009	UTX	Buy Back and Roll Out	BTC 1 Apr09 45.00 Call @ -2.90			($290.00)
4/16/2009	UTX	Interim Trade	STO 1 May09 45.00 Call @ 3.89	Closed		$389.00
5/4/2009	UTX	Buy Back and Roll Out	BTC 1 May09 45.00 Call @ -6.20			($620.00)
5/4/2009	UTX	Interim Trade	STO 1 Jun09 45.00 Call @ 6.40	Closed		$640.00
6/10/2009	UTX	Dividend Received	DIV 100 Dividend @ 0.39			$38.50
6/18/2009	UTX	Buy Back and Roll Out	BTC 1 Jun09 45.00 Call @ -10.21			($1,021.00)
6/18/2009	UTX	Interim Trade	STO 1 Aug09 45.00 Call @ 10.39	Closed		$1,039.00
8/11/2009	UTX	Buy Back and Roll Out/Up	BTC 1 Aug09 45.00 Call @ -10.91			($1,090.70)
8/11/2009	UTX	Interim Trade	STO 1 Sep09 50.00 Call @ 5.90	Exercised		$590.30
8/18/2009	UTX	Option Exercised	EX 1 Sep09 50.00 Call @ 50.00		$5,000.00
9/2/2009	UTX	CSP Margin Used	CSP 100 UTX @ 55.00		($5,500.00)
9/2/2009	UTX	Combined Cost Basis	$-230.00 100 @ -2.30
9/2/2009	UTX	Continued Trade	STO 1 Oct09 55.00 Put @ 1.06	Expired		$105.70
10/16/2009	UTX	CSP Margin Returned	CSP 100 UTX @ -55.00		$5,500.00
10/21/2009	UTX	CSP Margin Used	CSP 100 UTX @ 65.00		($6,500.00)
10/21/2009	UTX	Combined Cost Basis	$-330.00 100 @ -3.30
10/21/2009	UTX	Continued Trade	STO 1 Nov09 65.00 Put @ 1.23			$122.70
11/21/2009	UTX		Totals		($9,024.00)	$876.10
DTE	568		Percent Income/Annualized		9.71%	6.24%

PFCB - Adjustment

The following adjustment was made today on P.F Chang's (PFCB). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/21/2009	PFCB	Continued Trade	STO 1 Nov09 30.00 Put @ 0.91			$91.00

Current Position Summary

CSP Margin Used	$4,078.00
Income Generated	$992.30
Percent Income Generated	24.33%
Annualized Income Generated	10.78%
Net Profit If Expired	$85.70
Percent Return If Expired	-2.10%
Annualized Return If Expired	-0.93%
Days Held to Expiration	824 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/20/2007	PFCB	Initial Stock Position	BTO 100 PFCB @ 35.78	Called	($3,578.00)
8/20/2007	PFCB	Initial Call Option	STO 1 Sep07 35.00 Call @ 2.30	Expired		$230.00
9/24/2007	PFCB	Continued Trade	STO 1 Oct07 35.00 Call @ 0.39	Expired		$39.00
10/25/2007	PFCB	Continued Trade	STO 1 Jan08 35.00 Call @ 0.22	Expired		$22.00
1/24/2008	PFCB	Interim Trade	STO 1 Feb08 30.00 Call @ 0.65	Expired		$65.00
2/21/2008	PFCB	Interim Trade	STO 1 Mar08 30.00 Call @ 0.74	Expired		$74.00
3/25/2008	PFCB	Continued Trade	STO 1 Apr08 35.00 Call @ 0.34	Expired		$34.00
4/24/2008	PFCB	Continued Trade	STO 1 Jun08 35.00 Call @ 0.49	Expired		$49.00
7/24/2008	PFCB	Interim Trade	STO 1 Sep08 30.00 Call @ 0.63	Closed		$63.00
9/12/2008	PFCB	Buy Back & Roll Out	BTC 1 Sep08 30.00 Call @ -0.06			($6.00)
9/12/2008	PFCB	Interim Trade	STO 1 Oct08 30.00 Call @ 0.09	Expired		$9.00
10/20/2008	PFCB	Interim Trade	STO 1 Nov08 22.50 Call @ 0.34	Expired		$34.00
11/24/2008	PFCB	Interim Trade	STO 1 Dec08 20.00 Call @ 0.34	Closed		$34.00
12/10/2008	PFCB	Buy Back and Roll Out/Up	BTC 1 Dec08 20.00 Call @ -3.11			($311.00)
12/10/2008	PFCB	Interim Trade	STO 1 Apr09 25.00 Call @ 2.89	Closed		$289.30
4/14/2009	PFCB	Buy Back and Roll Out	BTC 1 Apr09 25.00 Call @ -2.55			($255.00)
4/14/2009	PFCB	Interim Trade	STO 1 May09 25.00 Call @ 3.49	Closed		$349.00
5/4/2009	PFCB	Buy Back and Roll Out	BTC 1 May09 25.00 Call @ -6.89			($689.00)
5/4/2009	PFCB	Interim Trade	STO 1 Jun09 25.00 Call @ 7.37	Exercised		$737.00
6/19/2009	PFCB	Option Exercised	EX 1 Jun09 25.00 Call @ 25.00		$2,500.00
6/19/2009	PFCB	Cash to Secure Put	CSP 100 PFCB @ 25.00		($2,500.00)
6/19/2009	PFCB	Continued Trade	STO 1 Oct 25.00 Put @ 1.34	Expired		$134.00
10/16/2009	PFCB	CSP Margin Returned	CSP 100 PFCB @ -25.00		$2,500.00
10/21/2009	PFCB	CSP Margin Used	CSP 100 PFCB @ 30.00		($3,000.00)
10/21/2009	PFCB	Combined Cost Basis	$3,947.67 100 @ 39.48
10/21/2009	PFCB	Continued Trade	STO 1 Nov09 30.00 Put @ 0.91			$91.00
11/21/2009	PFCB		Totals		($4,078.00)	$992.30
DTE	824		Percent Income/Annualized		24.33%	10.78%

KO - Adjustment

The following adjustment was made on today on Coca Cola Company (KO). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/21/2009	KO	Continued Trade	STO 1 Dec09 52.50 Put @ 0.79			$79.00

Current Position Summary

CSP Margin Used	$5,522.00
Income Generated	$779.50
Percent Income Generated	14.12%
Annualized Income Generated	11.45%
Net Profit If Expired	$507.50
Percent Return If Expired	9.19%
Annualized Return If Expired	7.45%
Days Held to Expiration	450 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/24/2008	KO	Initial Stock Position	BTO 100 KO @ 50.22	Called	($5,022.00)
9/24/2008	KO	Initial Call Option	STO 1 Oct08 50.00 Call @ 1.59	Expired		$159.00
10/20/2008	KO	Interim Trade	STO 1 Nov08 50.00 Call @ 0.79	Expired		$79.00
11/24/2008	KO	Interim Trade	STO 1 Dec08 50.00 Call @ 0.48	Expired		$48.00
12/15/2008	KO	Dividend Received	DIV 100 Dividend @ 0.38			$38.00
12/22/2008	KO	Interim Trade	STO 1 Jan09 47.50 Call @ 0.55	Expired		$55.00
1/22/2009	KO	Interim Trade	STO 1 Mar09 47.50 Call @ 0.63	Expired		$63.00
3/24/2009	KO	Interim Trade	STO 1 Apr09 45.00 Call @ 0.80	Expired		$80.00
4/1/2009	KO	Dividend Received	DIV 100 Dividend @ 0.41			$41.00
4/17/2009	KO	Buy Back and Roll Out	BTC 1 Apr09 45.00 Call @ -0.21			($21.00)
4/17/2009	KO	Interim Trade	STO 1 May09 45.00 Call @ 1.40	Closed		$140.00
5/15/2009	KO	Buy Back and Roll Out	BTC 1 May09 45.00 Call @ -0.06			($6.00)
5/15/2009	KO	Interim Trade	STO 1 Jun09 45.00 Call @ 0.99	Closed		$99.00
6/8/2009	KO	Buy Back and Roll Out	BTC 1 Jun09 45.00 Call @ -4.31			($431.00)
6/8/2009	KO	Interim Trade	STO 1 Jul09 47.50 Call @ 2.24	Closed		$224.30
7/1/2009	KO	Dividend Received	DIV 100 Dividend @ 0.41			$41.00
7/17/2009	KO	Buy Back and Roll Out	BTC 1 Jul09 47.50 Call @ -2.66			($265.70)
7/17/2009	KO	Continued Trade	STO 1 Aug09 47.50 Call @ 2.99	Closed		$299.30
8/11/2009	KO	Buy Back and Roll Out	BTC 1 Aug09 47.50 Call @ -1.76			($175.70)
8/11/2009	KO	Continued Trade	STO 1 Sep09 47.50 Call @ 2.09	Exercised		$209.30
9/10/2009	KO	Option Exercised	EX 1 Sep09 47.50 Call @ 47.50		$4,750.00
9/18/2009	KO	CSP Margin Used	CSP 100 KO @ 50.00		($5,000.00)
9/18/2009	KO	Combined Cost Basis	$5,272.00 100 @ 52.72
9/18/2009	KO	Continued Trade	STO 1 Oct09 50.00 Put @ 0.24	Expired		$24.00
10/16/2009	KO	CSP Margin Returned	CSP 100 KO @ -50.00		$5,000.00
10/21/2009	KO	CSP Margin Used	CSP 100 KO @ 52.50		($5,250.00)
10/21/2009	KO	Combined Cost Basis	$5,876.90 100 @ 58.77
10/21/2009	KO	Continued Trade	STO 1 Dec09 52.50 Put @ 0.79			$79.00
12/18/2009	KO		Totals		($5,522.00)	$779.50
DTE	450		Percent Income/Annualized		14.12%	11.45%

BAC - Adjustment

The following adjustment was made today on Bank of America (BAC). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/21/2009	BAC	Continued Trade	STO 1 Nov09 16.00 Put @ 0.31			$31.00

Current Position Summary

CSP Margin Used	$3,672.00
Income Generated	$714.10
Percent Income Generated	19.45%
Annualized Income Generated	16.82%
Net Profit If Expired	-$1,357.90
Percent Return If Expired	-36.98%
Annualized Return If Expired	-31.98%
Days Held to Expiration	422 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/24/2008	BAC	Initial Stock Position	BTO 100 BAC @ 33.72	Called	($3,372.00)
9/24/2008	BAC	Initial Call Option	STO 1 Oct08 32.50 Call @ 3.21	Expired		$321.00
9/26/2008	BAC	Dividend Received	DIV 100 Dividend @ 0.64			$64.00
10/20/2008	BAC	Interim Trade	STO 1 Nov08 27.50 Call @ 0.73	Expired		$73.00
11/24/2008	BAC	Interim Trade	STO 1 Dec08 17.50Call @ 0.47	Expired		$47.00
12/22/2008	BAC	Interim Trade	STO 1 Jan09 16.00 Call @ 0.47	Expired		$47.00
12/26/2008	BAC	Dividend Received	DIV 100 Dividend @ 0.32			$32.00
1/22/2009	BAC	Interim Trade	STO 1 Mar09 9.00 Call @ 0.67	Expired		$67.00
3/24/2009	BAC	Interim Trade	STO 1 Apr09 9.00 Call @ 0.60	Closed		$60.00
3/27/2009	BAC	Dividend Received	DIV 100 Dividend @ 0.01			$1.00
4/14/2009	BAC	Buy Back and Roll Out/Up	BTC 1 Apr09 9.00 Call @ -1.76			($176.00)
4/14/2009	BAC	Interim Trade	STO 1 May09 10.00 Call @ 2.05	Closed		$205.00
5/15/2009	BAC	Buy Back and Roll Out/Up	BTC 1 May09 10.00 Call @ -0.73			($72.75)
5/15/2009	BAC	Interim Trade	STO 1 Jun09 11.00 Call @ 1.15	Closed		$114.55
6/18/2009	BAC	Buy Back and Roll Out	BTC 1 Jun09 11.00 Call @ -1.88			($188.00)
6/18/2009	BAC	Interim Trade	STO 1 Jul09 11.00 Call @ 2.18	Closed		$218.00
6/26/2009	BAC	Dividend Received	DIV 100 Dividend @ 0.01			$1.00
7/17/2009	BAC	Buy Back and Roll Out	BTC 1 Jul09 11.00 Call @ -1.87			($187.00)
7/17/2009	BAC	Interim Trade	STO 1 Aug09 11.00 Call @ 2.09	Closed		$209.00
8/11/2009	BAC	Buy Back and Roll Out	BTC 1 Aug09 11.00 Call @ -4.96			($496.00)
8/11/2009	BAC	Interim Trade	STO 1 Sep09 13.00 Call @ 3.14	Exercised		$314.30
9/18/2009	BAC	Option Exercised	EX 1 Sep09 13.00 Call @ 13.00		$1,300.00
9/22/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
9/22/2009	BAC	Combined Cost Basis	$3,672.00 100 @ 36.72
9/22/2009	BAC	Continued Trade	STO 1 Oct09 16.00 Put @ 0.27	Expired		$27.00
9/25/2009	BAC	Dividend Received	DIV 200 Dividend @ 0.01			$2.00
10/16/2009	BAC	CSP Margin Returned	CSP 100 BAC @ -16.00		$1,600.00
10/21/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
10/21/2009	BAC	Combined Cost Basis	$5,037.00 100 @ 50.37
10/21/2009	BAC	Continued Trade	STO 1 Nov09 16.00 Put @ 0.31			$31.00
11/20/2009	BAC		Totals		($3,672.00)	$714.10
DTE	422		Percent Income/Annualized		19.45%	16.82%