RTN - Closed

The Raytheon Company (RTN) Jan12 45.00 Call was exercised early on 12/29 and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,500.00
Net Profit	$324.10
Percent Return	7.20%
Annualized Return	11.95%
Days Held to Expiration	220 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	RTN	CSP Margin Used	CSP 100 RTN @ 45.00		($4,500.00)
5/23/2011	RTN	Initial Put Option	STO 1 Nov11 45.00 Put @ 1.57	Exercised		$156.98
11/18/2011	RTN	CSP Margin Returned	CSP 100 RTN @ -45.00		$4,500.00
11/18/2011	RTN	Stock Assigned	EX 1 Nov11 45.00 Put @ -45.00		($4,500.00)	$0.00
11/30/2011	RTN	Continued Trade	STO 1 Jan12 45.00 Call @ 1.67	Exercised	$0.00	$167.12
12/29/2011	RTN	Stock Called	EX 1 Jan12 45.00 Call @ 45.00		$0.00	$4,500.00
12/29/2011	RTN		Net Cost/Profit-Loss		($4,500.00)	$324.10
DTE	220		Percent Profit-Loss/Annualized		7.20%	11.95%

NVS - Closed

The Novartis (NVS) Dec12 55.00 Put expired on 12/16. I was going to continue this position but decided to close it today and wait to re-establish a new position once it meets my criteria. All prices include IB commissions.

Position Summary

Cost Basis	$5,500.00
Net Profit	$128.98
Percent Return	2.35%
Annualized Return	18.61%
Days Held to Expiration	46 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/31/2011	NVS	CSP Margin Used	CSP 100 NVS @ 55.00		($5,500.00)
10/31/2011	NVS	Initial Put Option	STO 1 Dec11 55.00 Put @ 1.29	Expired		$128.98
12/16/2011	NVS	CSP Margin Returned	CSP 100 NVS @ -55.00		$0.00	$5,500.00
12/16/2011	NVS		Net Cost/Profit-Loss		($5,500.00)	$128.98
DTE	46		Percent Profit-Loss/Annualized		2.35%	18.61%

GE - Adjustment

The following adjustment was made today on General Electric (GE). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Fallen Angel*
Previous Years of Consecutive Dividend Increases	32**
Fair Value Estimate	$25.00
Target Buy Price	$20.00
Target Margin of Safety	20.00%
Actual Buy Price	$18.00
Actual Margin of Safety	28.00%

*GE is what I classify as a Fallen Angel (i.e. former Dividend Champion). GE cut the dividend in 2009, but has since increased it in 2010 and 2011. **Prior to cutting the dividend GE had 32 years of consecutive dividend increases.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
12/21/2011	GE	Continued Trade	STO 2 Feb12 18.00 Call @ 0.50			$99.15

Current Position Summary

Cost Basis	($3,600.00)
Income Generated	$307.46
Percent Income Generated	8.54%
Annualized Income Generated	11.55%
Net Profit If Assigned	$307.46
Percent Return If Assigned	8.54%
Annualized Return If Assigned	11.55%
Days Held to Expiration	270 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	GE	CSP Margin Used	CSP 200 GE @ 18.00		($3,600.00)
5/23/2011	GE	Initial Put Option	STO 2 Aug11 18.00 Put @ 0.50	Exercised		$99.16
8/19/2011	GE	CSP Margin Returned	CSP 2 @ 18.00		$3,600.00
8/19/2011	GE	Stock Assigned	EX 2 Aug11 18.00 Put @ -18.00		($3,600.00)
10/25/2011	GE	Dividend Received	DIV 200 Dividend @ 0.15			$30.00
10/27/2011	GE	Continued Trade	STO 2 Dec11 18.00 Call @ 0.40	Expired		$79.15
12/21/2011	GE	Continued Trade	STO 2 Feb12 18.00 Call @ 0.50			$99.15
2/17/2012	GE		Totals		($3,600.00)	$307.46
DTE	270		Percent Income/Annualized		8.54%	11.55%

ABT - Adjustment

The following adjustment was made today on Abbott Laboratories (ABT). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	38
Years of Positive Free Cash Flow (last 10 years)	10
Fair Value Estimate	$68.00
Target Buy Price	$54.00
Target Margin of Safety	20.00%
Actual Buy Price	$55.00
Actual Margin of Safety	19.12%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
12/21/2011	ABT	Continued Trade	STO 1 Feb12 57.50 Call @ 0.29			$29.36

Current Position Summary

Cost Basis	($5,500.00)
Income Generated	$887.09
Percent Income Generated	16.13%
Annualized Income Generated	7.79%
Net Profit If Assigned	$1,137.09
Percent Return If Assigned	20.67%
Annualized Return If Assigned	9.98%
Days Held to Expiration	756 days

Trade History

1/22/2010	ABT	CSP Margin Used	CSP 100 ABT @ 55.00		($5,500.00)
1/22/2010	ABT	Initial Put Option	STO 1 Feb10 55.00 Put @ 1.00	Exercised		$100.00
2/19/2010	ABT	CSP Margin Returned	CSP 100 ABT @ -55.00		$5,500.00
2/19/2010	ABT	Stock Assigned	EX 1 Feb10 55.00 Put @ -55.00		($5,500.00)
2/22/2010	ABT	Continued Trade	STO 1 Mar10 55.00 Call @ 0.60	Expired		$60.14
4/30/2010	ABT	Continued Trade	STO 1 May10 52.50 Call @ 0.31	Closed		$31.14
5/15/2010	ABT	Dividend Received	DIV 100 Dividend @ 0.44			$44.00
5/21/2010	ABT	Buy Back and Roll Out/Down	BTC 1 May10 52.50 Call @ -0.03			($3.01)
5/21/2010	ABT	Interim Trade	STO 1 Aug10 50.00 Call @ 1.05	Expired		$104.99
8/15/2010	ABT	Dividend Received	DIV 100 Dividend @ 0.44			$44.00
9/1/2010	ABT	Continued Trade	STO 1 Jan11 55.00 Call @ 0.76	Closed		$76.24
11/15/2010	ABT	Dividend Received	DIV 100 Dividend @ 0.44			$44.00
12/21/2010	ABT	Buy Back	BTC 1 Jan11 55.00 Call @ -0.03	Expired		($2.96)
2/15/2011	ABT	Dividend Received	DIV 100 Dividend @ 0.44			$44.00
4/6/2011	ABT	Continued Trade	STO 1 May11 52.50 Call @ 0.25	Closed		$24.99
5/16/2011	ABT	Dividend Received	DIV 100 Dividend @ 0.48			$48.00
5/19/2011	ABT	Buy Back and Roll Out	BTC 1 May11 52.50 Call @ -0.90			($89.72)
5/19/2011	ABT	Continued Trade	STO 1 Jun11 52.50 Call @ 1.39	Closed		$138.98
6/17/2011	ABT	Buy Back and Roll Out/Up	BTC 1 Jun11 52.50 Call @ -0.03			($3.02)
8/15/2011	ABT	Dividend Received	DIV 100 Dividend @ 0.48			$48.00
6/17/2011	ABT	Continued Trade	STO 1 Aug11 55.00 Call @ 0.30	Expired		$29.98
9/20/2011	ABT	Continued Trade	STO 1 Nov11 55.00 Call @ 0.70			$69.98
11/15/2011	ABT	Dividend Received	DIV 100 Dividend @ 0.48			$48.00
12/21/2011	ABT	Continued Trade	STO 1 Feb12 57.50 Call @ 0.29			$29.36
2/17/2012	ABT		Totals		($5,500.00)	$887.09
DTE	756		Percent Income/Annualized		16.13%	7.79%

PH - Closed

The Parker Hannifin Corp (PH) Dec11 70.00 Put expired on 12/16. I decided to close the position today, since PH is scheduled to announce earnings on 1/19/12. I may re-establish an new position after earnings are announced. All prices include IB commissions.

Position Summary

Cost Basis	$7,000.00
Net Profit	$134.55
Percent Return	1.92%
Annualized Return	30.50%
Days Held to Expiration	23 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2011	PH	CSP Margin Used	CSP 100 PH @ 70.00		($7,000.00)
11/23/2011	PH	Initial Put Option	STO 1 Dec11 70.00 Put @ 1.35	Expired		$134.55
12/16/2011	PH	CSP Margin Returned	CSP 100 PH @ -70.00		$0.00	$7,000.00
12/16/2011	PH		Net Cost/Profit-Loss		($7,000.00)	$134.55
DTE	23		Percent Profit-Loss/Annualized		1.92%	30.50%

PG - Closed

The Procter and Gamble (PG) Dec11 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$83.98
Percent Return	1.40%
Annualized Return	22.21%
Days Held to Expiration	23 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2011	PG	CSP Margin Used	CSP 100 PG @ 60.00		($6,000.00)
11/23/2011	PG	Initial Put Option	STO 1 Dec11 60.00 Put @ 0.84	Expired		$83.98
12/16/2011	PG	CSP Margin Returned	CSP 100 PG @ -60.00		$0.00	$6,000.00
12/16/2011	PG		Net Cost/Profit-Loss		($6,000.00)	$83.98
DTE	23		Percent Profit-Loss/Annualized		1.40%	22.21%

PEP - Closed

The PepsiCo Inc (PEP) Dec11 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$64.98
Percent Return	1.08%
Annualized Return	17.19%
Days Held to Expiration	23 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2011	PEP	CSP Margin Used	CSP 100 PEP @ 60.00		($6,000.00)
11/23/2011	PEP	Initial Put Option	STO 1 Dec11 60.00 Put @ 0.65	Expired		$64.98
12/16/2011	PEP	CSP Margin Returned	CSP 100 PEP @ -60.00		$0.00	$6,000.00
12/16/2011	PEP		Net Cost/Profit-Loss		($6,000.00)	$64.98
DTE	23		Percent Profit-Loss/Annualized		1.08%	17.19%

MDT - Closed

The Medtronic Inc (MDT) Dec11 30.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,000.00
Net Profit	$59.98
Percent Return	2.00%
Annualized Return	16.22%
Days Held to Expiration	45 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/1/2011	MDT	CSP Margin Used	CSP 100 MDT @ 30.00		($3,000.00)
11/1/2011	MDT	Initial Put Option	STO 1 Dec11 30.00 Put @ 0.60	Expired		$59.98
12/16/2011	MDT	CSP Margin Returned	CSP 100 MDT @ -30.00		$0.00	$3,000.00
12/16/2011	MDT		Net Cost/Profit-Loss		($3,000.00)	$59.98
DTE	45		Percent Profit-Loss/Annualized		2.00%	16.22%

JNJ - Closed

The Johnson and Johnson (JNJ) Dec11 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$75.98
Percent Return	1.27%
Annualized Return	20.10%
Days Held to Expiration	23 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2011	JNJ	CSP Margin Used	CSP 100 JNJ @ 60.00		($6,000.00)
11/23/2011	JNJ	Initial Put Option	STO 1 Dec11 60.00 Put @ 0.76	Expired		$75.98
12/16/2011	JNJ	CSP Margin Returned	CSP 100 JNJ @ -60.00		$0.00	$6,000.00
12/16/2011	JNJ		Net Cost/Profit-Loss		($6,000.00)	$75.98
DTE	23		Percent Profit-Loss/Annualized		1.27%	20.10%

DOV - Closed

The Dover Corp (DOV) Dec11 45.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,500.00
Net Profit	$90.98
Percent Return	2.02%
Annualized Return	16.40%
Days Held to Expiration	45 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/1/2011	DOV	CSP Margin Used	CSP 100 DOV @ 45.00		($4,500.00)
11/1/2011	DOV	Initial Put Option	STO 1 Dec11 45.00 Put @ 0.91	Expired		$90.98
12/16/2011	DOV	CSP Margin Returned	CSP 100 DOV @ -45.00		$0.00	$4,500.00
12/16/2011	DOV		Net Cost/Profit-Loss		($4,500.00)	$90.98
DTE	45		Percent Profit-Loss/Annualized		2.02%	16.40%

AVP - Closed

The Avon Products Inc (AVP) Dec11 16.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis	$3,200.00
Net Profit	$113.15
Percent Return	3.54%
Annualized Return	28.68%
Days Held to Expiration	45 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/1/2011	AVP	CSP Margin Used	CSP 200 AVP @ 16.00		($3,200.00)
11/1/2011	AVP	Initial Put Option	STO 2 Dec11 16.00 Put @ 0.57	Expired		$113.15
12/16/2011	AVP	CSP Margin Returned	CSP 200 AVP @ -16.00		$0.00	$3,200.00
12/16/2011	AVP		Net Cost/Profit-Loss		($3,200.00)	$113.15
DTE	45		Percent Profit-Loss/Annualized		3.54%	28.68%