TEVA - New Position

A new CSP position was established today on Teva Pharmaceutical Industries Ltd (TEVA). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	13
Fair Value Estimate	$58.00
Target Buy Price	$40.60
Target Margin of Safety	30.00%
Actual Buy Price	$40.00
Actual Margin of Safety	31.03%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/22/2012	TEVA	CSP Margin Used	CSP 100 TEVA @ 40.00		($4,000.00)
3/22/2012	TEVA	Initial Put Option	STO 1 May12 40.00 Put @ 0.51			$50.97

Position Summary

Cost Basis	($4,000.00)
Income Generated	$50.97
Percent Income Generated	1.27%
Annualized Income Generated	8.16%
Net Profit If Assigned	$50.97
Percent Return If Assigned	1.27%
Annualized Return If Assigned	8.16%
Days Held to Expiration	57 days

JNJ - New Position

A new CSP position was established today on Johnson and Johnson (JNJ). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	49
Fair Value Estimate	$77.00
Target Buy Price	$61.60
Target Margin of Safety	20.00%
Actual Buy Price	$62.50
Actual Margin of Safety	18.83%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/22/2012	JNJ	CSP Margin Used	CSP 100 JNJ @ 62.50		($6,250.00)
3/22/2012	JNJ	Initial Put Option	STO 1 May12 62.50 Put @ 0.53			$52.97

Position Summary

Cost Basis	($6,250.00)
Income Generated	$52.97
Percent Income Generated	0.85%
Annualized Income Generated	5.43%
Net Profit If Assigned	$52.97
Percent Return If Assigned	0.85%
Annualized Return If Assigned	5.43%
Days Held to Expiration	57 days

BHP - New Position

A new CSP position was established today on BHP Billiton Ltd. (BHP). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	10
Fair Value Estimate	$84.00
Target Buy Price	$58.80
Target Margin of Safety	30.00%
Actual Buy Price	$60.00
Actual Margin of Safety	28.57%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/22/2012	BHP	CSP Margin Used	CSP 100 BHP @ 60.00		($6,000.00)
3/22/2012	BHP	Initial Put Option	STO 1 May12 60.00 Put @ 0.64			$64.12

Position Summary

Cost Basis	($6,000.00)
Income Generated	$64.12
Percent Income Generated	1.07%
Annualized Income Generated	6.84%
Net Profit If Assigned	$64.12
Percent Return If Assigned	1.07%
Annualized Return If Assigned	6.84%
Days Held to Expiration	57 days

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

This is the second position on NVS.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	10
Fair Value Estimate	$71.00
Target Buy Price	$56.80
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	26.06%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/22/2012	NVS	Continued Trade	STO 1 May12 52.50 Put @ 0.51			$50.72

Current Position Summary

Cost Basis	($5,250.00)
Income Generated	$168.69
Percent Income Generated	3.21%
Annualized Income Generated	10.29%
Net Profit If Assigned	$168.69
Percent Return If Assigned	3.21%
Annualized Return If Assigned	10.29%
Days Held to Expiration	114 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			$50.72
5/18/2012	NVS		Totals		($5,250.00)	$168.69
DTE	114		Percent Income/Annualized		3.21%	10.29%

TBT - Adjustment

The following adjustment was made today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the second position on TBT.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/19/2012	TBT	Continued Trade	STO 2 Apr12 23.00 Call @ 0.26			$52.55

Current Position Summary

Cost Basis	($4,600.00)
Income Generated	$738.42
Percent Income Generated	16.05%
Annualized Income Generated	25.36%
Net Profit If Assigned	$738.42
Percent Return If Assigned	16.05%
Annualized Return If Assigned	25.36%
Days Held to Expiration	231 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/2/2011	TBT	CSP Margin Used	CSP 200 TBT @ 23.00		($4,600.00)
9/2/2011	TBT	Initial Put Option	STO 2 Sep11 23.00 Put @ 1.04	Closed		$207.65
9/16/2011	TBT	Buy Back and Roll Out	BTC 2 Sep11 23.00 Put @ -0.14			($28.02)
9/16/2011	TBT	Continued Trade	STO 2 Oct11 23.00 Put @ 1.33	Exercised		$265.14
10/21/2011	TBT	CSP Margin Returned	CSP 200 TBT @ -23.00		$4,600.00
10/21/2011	TBT	Stock Assigned	EX 2 Oct11 23.00 Put @ -23.00		($4,600.00)
10/27/2011	TBT	Continued Trade	STO 2 Nov11 23.00 Call @ 0.90	Expired		$180.55
10/27/2011	TBT	Continued Trade	STO 2 Mar12 21.00 Call @ 0.30	Expired		$60.55
3/19/2012	TBT	Continued Trade	STO 2 Apr12 23.00 Call @ 0.26			$52.55
4/20/2012	TBT		Totals		($4,600.00)	$738.42
DTE	231		Percent Income/Annualized		16.05%	25.36%

TBT - Adjustment

The following adjustment was made on today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/19/2012	TBT	Interim Trade	STO 2 Apr12 23.00 Call @ 0.26			$52.55

Current Position Summary

Cost Basis	($9,200.00)
Income Generated	$1,050.04
Percent Income Generated	11.41%
Annualized Income Generated	5.71%
Net Profit If Assigned	($3,549.96)
Percent Return If Assigned	-38.59%
Annualized Return If Assigned	-19.32%
Days Held to Expiration	729 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
4/22/2010	TBT	CSP Margin Used	CSP 200 TBT @ 46.00		($9,200.00)
4/22/2010	TBT	Initial Put Option	STO 2 May10 46.00 Put @ 0.55	Closed		$110.57
5/21/2010	TBT	Buy Back and Roll Out	BTC 2 May10 46.00 Put @ -7.24			($1,448.13)
5/21/2010	TBT	Continued Trade	STO 2 Sep10 46.00 Put @ 8.14	Exercised		$1,628.57
9/8/2010	TBT	CSP Margin Returned	CSP 200 TBT @ -46.00		$9,200.00
9/8/2010	TBT	Stock Assigned	EX 2 Sep10 46.00 Put @ -46.00		($9,200.00)
9/9/2010	TBT	Interim Trade	STO 2 Oct10 37.00 Call @ 0.27	Expired		$54.57
10/21/2010	TBT	Interim Trade	STO 2 Nov10 37.00 Call @ 0.27	Closed		$54.67
11/18/2010	TBT	Buy Back and Roll Out/Up	BTC 2 Nov10 37.00 Call @ -0.23			($46.33)
11/18/2010	TBT	Interim Trade	STO 2 Dec10 38.00 Call @ 0.91	Closed		$182.57
12/13/2010	TBT	Buy Back and Roll Out/Up	BTC 2 Dec10 38.00 Call @ -1.83			($365.43)
12/13/2010	TBT	Interim Trade	STO 2 Mar11 41.00 Call @ 2.29	Closed		$458.67
3/18/2011	TBT	Buy Back and Roll Out/Up	BTC 2 Mar11 41.00 Call @ -0.01			($2.00)
3/18/2011	TBT	Interim Trade	STO 2 Apr11 40.00 Call @ 0.19	Closed		$38.57
4/6/2011	TBT	Buy Back and Roll Out/Up	BTC 2 Apr11 40.00 Call @ -0.08			($15.93)
4/6/2011	TBT	Interim Trade	STO 2 Sep11 42.00 Call @ 1.43	Expired		$286.57
2/3/2012	TBT	Interim Trade	STO 2 Mar12 21.00 Call @ 0.30	Expired		$60.55
3/19/2012	TBT	Interim Trade	STO 2 Apr12 23.00 Call @ 0.26			$52.55
4/20/2012	TBT		Totals		($9,200.00)	$1,050.04
DTE	729		Percent Income/Annualized		11.41%	5.71%

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	10
Fair Value Estimate	$71.00
Target Buy Price	$56.80
Target Margin of Safety	20.00%
Actual Buy Price	$55.00
Actual Margin of Safety	20.29%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/19/2012	NVS	Continued Trade	STO 1 May12 57.50 Call @ 0.59			$58.97

Current Position Summary

Cost Basis	($5,500.00)
Income Generated	$137.94
Percent Income Generated	2.51%
Annualized Income Generated	10.64%
Net Profit If Assigned	$387.94
Percent Return If Assigned	7.05%
Annualized Return If Assigned	29.94%
Days Held to Expiration	86 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		($5,500.00)
3/19/2012	NVS	Continued Trade	STO 1 May12 57.50 Call @ 0.59			$58.97
5/18/2012	NVS		Totals		($5,500.00)	$137.94
DTE	86		Percent Income/Annualized		2.51%	10.64%

COP - Closed

The ConocoPhillips (COP) Mar12 67.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,750.00
Net Profit	$130.97
Percent Return	1.94%
Annualized Return	13.89%
Days Held to Expiration	51 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	COP	CSP Margin Used	CSP 100 COP @ 67.50		($6,750.00)
1/25/2012	COP	Initial Put Option	STO 1 Mar12 67.50 Put @ 1.31	Expired		$130.97
3/16/2012	COP	CSP Margin Returned	CSP 100 COP @ -67.50			$6,750.00
3/16/2012	COP		Net Cost/Profit-Loss		($6,750.00)	$130.97
DTE	51		Percent Profit-Loss/Annualized		1.94%	13.89%

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	$130.00
Target Buy Price	$78.00
Target Margin of Safety	40.00%
Actual Buy Price	$70.00
Actual Margin of Safety	46.15%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/6/2012	STRA	CSP Margin Used	CSP 100 STRA @ 70.00		($7,000.00)
3/6/2012	STRA	Initial Put Option	STO 1 Apr12 70.00 Put @ 0.81			$80.97

Position Summary

Cost Basis	($7,000.00)
Income Generated	$80.97
Percent Income Generated	1.16%
Annualized Income Generated	9.38%
Net Profit If Assigned	$80.97
Percent Return If Assigned	1.16%
Annualized Return If Assigned	9.38%
Days Held to Expiration	45 days

NUE - New Position

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

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	39
Fair Value Estimate	$57.00
Target Buy Price	$34.20
Target Margin of Safety	40.00%
Actual Buy Price	$37.00
Actual Margin of Safety	35.09%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/6/2012	NUE	CSP Margin Used	CSP 100 NUE @ 37.00		($3,700.00)
3/6/2012	NUE	Initial Put Option	STO 1 Apr12 37.00 Put @ 0.52			$51.97

Position Summary

Cost Basis	($3,700.00)
Income Generated	$51.97
Percent Income Generated	1.40%
Annualized Income Generated	11.39%
Net Profit If Assigned	$51.97
Percent Return If Assigned	1.40%
Annualized Return If Assigned	11.39%
Days Held to Expiration	45 days

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	$54.00
Target Margin of Safety	40.00%
Actual Buy Price	$60.00
Actual Margin of Safety	33.33%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/6/2012	NSC	CSP Margin Used	CSP 100 NSC @ 60.00		($6,000.00)
3/6/2012	NSC	Initial Put Option	STO 1 Apr12 60.00 Put @ 0.59			$58.97

Position Summary

Cost Basis	($6,000.00)
Income Generated	$58.97
Percent Income Generated	0.98%
Annualized Income Generated	7.97%
Net Profit If Assigned	$58.97
Percent Return If Assigned	0.98%
Annualized Return If Assigned	7.97%
Days Held to Expiration	45 days

MMM - New Position

A new CSP position was established today on 3M Company (MMM). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	54
Fair Value Estimate	$100.00
Target Buy Price	$80.00
Target Margin of Safety	20.00%
Actual Buy Price	$80.00
Actual Margin of Safety	20.00%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/6/2012	MMM	CSP Margin Used	CSP 100 MMM @ 80.00		($8,000.00)
3/6/2012	MMM	Initial Put Option	STO 1 Apr12 80.00 Put @ 0.83			$82.97

Position Summary

Cost Basis	($8,000.00)
Income Generated	$82.97
Percent Income Generated	1.04%
Annualized Income Generated	8.41%
Net Profit If Assigned	$82.97
Percent Return If Assigned	1.04%
Annualized Return If Assigned	8.41%
Days Held to Expiration	45 days

CMP - New Position

A new CSP position was established today on Compass Minerals International (CMP). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	9
Fair Value Estimate	$93.00
Target Buy Price	$65.10
Target Margin of Safety	30.00%
Actual Buy Price	$65.00
Actual Margin of Safety	30.11%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/6/2012	CMP	CSP Margin Used	CSP 100 CMP @ 65.00		($6,500.00)
3/6/2012	CMP	Initial Put Option	STO 1 Apr12 65.00 Put @ 0.80			$79.72

Position Summary

Cost Basis	($6,500.00)
Income Generated	$79.72
Percent Income Generated	1.23%
Annualized Income Generated	9.95%
Net Profit If Assigned	$79.72
Percent Return If Assigned	1.23%
Annualized Return If Assigned	9.95%
Days Held to Expiration	45 days