STRA - Closed

The Strayer Education Inc (STRA) Apr12 70.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$7,000.00
Net Profit	$80.97
Percent Return	1.16%
Annualized Return	9.38%
Days Held to Expiration	45 days

Trade History

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	Expired		$80.97
4/20/2012	STRA	CSP Margin Returned	CSP 100 STRA @ -70.00			$7,000.00
4/20/2012	STRA		Net Cost/Profit-Loss		($7,000.00)	$80.97
DTE	45		Percent Profit-Loss/Annualized		1.16%	9.38%

NSC - Closed

The Norfolk Southern Corporation (NSC) Apr12 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$58.97
Percent Return	0.98%
Annualized Return	7.97%
Days Held to Expiration	45 days

Trade History

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	Expired		$58.97
4/20/2012	NSC	CSP Margin Returned	CSP 100 NSC @ -60.00			$6,000.00
4/20/2012	NSC		Net Cost/Profit-Loss		($6,000.00)	$58.97
DTE	45		Percent Profit-Loss/Annualized		0.98%	7.97%

MMM - Closed

The 3M Company (MMM) Apr12 80.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$8,000.00
Net Profit	$82.97
Percent Return	1.04%
Annualized Return	8.41%
Days Held to Expiration	45 days

Trade History

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	Expired		$82.97
4/20/2012	MMM	CSP Margin Returned	CSP 100 MMM @ -80.00			$8,000.00
4/20/2012	MMM		Net Cost/Profit-Loss		($8,000.00)	$82.97
DTE	45		Percent Profit-Loss/Annualized		1.04%	8.41%

CMP - Closed

The Compass Minerals International (CMP) Apr12 65.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,500.00
Net Profit	$79.72
Percent Return	1.23%
Annualized Return	9.95%
Days Held to Expiration	45 days

Trade History

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	Expired		$79.72
4/20/2012	CMP	CSP Margin Returned	CSP 100 CMP @ -65.00			$6,500.00
4/20/2012	CMP		Net Cost/Profit-Loss		($6,500.00)	$79.72
DTE	45		Percent Profit-Loss/Annualized		1.23%	9.95%

SPY - Closed

The SPDR S&P 500 ETF (SPY) Dec12 85.00 Put was bought back today and the position was closed. All prices include IB commissions.

The put was initially sold for $1.64, excluding commissions, and since the premium declined by more than 50% to $0.80, I decided to buy it back, which increased the annualized return from 2.11% to 4.05%.

Position Summary

Cost Basis	$8,500.00
Net Profit	$81.95
Percent Return	0.96%
Annualized Return	4.04%
Days Held to Expiration	87 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/24/2012	SPY	CSP Margin Used	CSP 100 SPY @ 85.00		($8,500.00)
1/24/2012	SPY	Initial Put Option	STO 1 Dec12 85.00 Put @ 1.63	Closed		$162.97
4/20/2012	SPY	Buy Back	BTC 1 Dec12 85.00 Put @ -0.81			($81.02)
4/20/2012	SPY	CSP Margin Returned	CSP 100 SPY @ -85.00			$8,500.00
4/20/2012	SPY		Net Cost/Profit-Loss		($8,500.00)	$81.95
DTE	87		Percent Profit-Loss/Annualized		0.96%	4.04%

ABT - Closed

The Abbott Laboratories (ABT) Apr12 57.50 Call was exercised early and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,500.00
Net Profit	$1,241.93
Percent Return	22.58%
Annualized Return	10.19%
Days Held to Expiration	809 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
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	Called	($5,500.00)	$0.00
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	Expired		$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	Expired		$29.36
2/15/2012	ABT	Dividend Received	DIV 100 Dividend @ 0.48			$48.00
2/22/2012	ABT	Continued Trade	STO 1 Apr12 57.50 Call @ 0.57	Exercised		$56.97
4/10/2012	ABT	Stock Called	EX 1 Apr12 57.50 Call @ 57.50			$5,749.87
4/10/2012	ABT		Net Cost/Profit-Loss		($5,500.00)	$1,241.93
DTE	809		Percent Profit-Loss/Annualized		22.58%	10.19%

AVP - Adjustment

The following adjustment was made today on Avon Products Inc (AVP). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	22
Fair Value Estimate	$25.00*
Target Buy Price	$12.50
Target Margin of Safety	50.00%
Actual Buy Price	$26.00
Actual Margin of Safety	-4.00%

*Fair Value was lower from $36 to $25 since inception which turned my 27.78% Margin of Safety into a 4% premium.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
4/4/2012	AVP	Continued Trade	STO 2 May12 25.00 Call @ 0.34			$68.55

Current Position Summary

Cost Basis	($5,200.00)
Income Generated	$325.11
Percent Income Generated	6.25%
Annualized Income Generated	6.32%
Net Profit If Assigned	$125.11
Percent Return If Assigned	2.41%
Annualized Return If Assigned	2.43%
Days Held to Expiration	361 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	AVP	CSP Margin Used	CSP 200 AVP @ 26.00		($5,200.00)
5/23/2011	AVP	Initial Put Option	STO 2 Oct11 26.00 Put @ 0.82	Exercised		$164.56
10/21/2011	AVP	CSP Margin Returned	CSP 200 AVP @ -26.00		$5,200.00
10/21/2011	AVP	Stock Assigned	EX 2 Oct11 26.00 Put @ -26.00		($5,200.00)
12/1/2011	AVP	Dividend Received	DIV 200 Dividend @ 0.23			$46.00
3/1/2012	AVP	Dividend Received	DIV 200 Dividend @ 0.23			$46.00
4/4/2012	AVP	Continued Trade	STO 2 May12 25.00 Call @ 0.34			$68.55
5/18/2012	AVP		Totals		($5,200.00)	$325.11
DTE	361		Percent Income/Annualized		6.25%	6.32%

BDX - Adjustment

The following adjustment was made today on Becton Dickinson and Company (BDX). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	38
Fair Value Estimate	$89.00*
Target Buy Price	$71.20
Target Margin of Safety	20.00%
Actual Buy Price	$80.00
Actual Margin of Safety	10.11%

*Fair Value was lowered from $98 to $89 since inception which lowered my Margin of Safety.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
4/3/2012	BDX	Continued Trade	STO 1 May12 80.00 Call @ 0.79			$78.97

Current Position Summary

Cost Basis	($8,000.00)
Income Generated	$566.94
Percent Income Generated	7.09%
Annualized Income Generated	7.17%
Net Profit If Assigned	$566.94
Percent Return If Assigned	7.09%
Annualized Return If Assigned	7.17%
Days Held to Expiration	361 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	BDX	CSP Margin Used	CSP 100 BDX @ 80.00		($8,000.00)
5/23/2011	BDX	Initial Put Option	STO 1 Sep11 80.00 Put @ 1.44	Exercised		$143.98
9/16/2011	BDX	CSP Margin Returned	CSP 100 BDX @ -80.00		$8,000.00
9/16/2011	BDX	Stock Assigned	EX 1 Sep11 80.00 Put @ -80.00		($8,000.00)
9/27/2011	BDX	Continued Trade	STO 1 Nov11 80.00 Call @ 1.78	Expired		$177.72
12/30/2011	BDX	Dividend Received	DIV 100 Dividend @ 0.45			$45.00
1/24/2012	BDX	Continued Trade	STO 1 Feb12 80.00 Call @ 0.76	ex		$76.27
3/30/2012	BDX	Dividend Received	DIV 100 Dividend @ 0.45			$45.00
4/3/2012	BDX	Continued Trade	STO 1 May12 80.00 Call @ 0.79			$78.97
5/18/2012	BDX		Totals		($8,000.00)	$566.94
DTE	361		Percent Income/Annualized		7.09%	7.17%

BDX - Closed

The Becton Dickinson and Company (BDX) Mar12 75.00 Put expired on 3/16. I decided to close the position today. All prices include IB commissions.

Position Summary

Cost Basis	$7,500.00
Net Profit	$59.97
Percent Return	0.80%
Annualized Return	12.69%
Days Held to Expiration	23 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
2/22/2012	BDX	CSP Margin Used	CSP 100 BDX @ 75.00		($7,500.00)
2/22/2012	BDX	Initial Put Option	STO 1 Mar12 75.00 Put @ 0.60	Expired		$59.97
3/16/2012	BDX	CSP Margin Returned	CSP 100 BDX @ -75.00			$7,500.00
3/16/2012	BDX		Net Cost/Profit-Loss		($7,500.00)	$59.97
DTE	23		Percent Profit-Loss/Annualized		0.80%	12.69%