JNJ - Closed

The Johnson and Johnson (JNJ) May12 62.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,250.00
Net Profit	$52.97
Percent Return	0.85%
Annualized Return	5.43%
Days Held to Expiration	57 days

Trade History

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	Expired		$52.97
5/18/2012	JNJ	CSP Margin Returned	CSP 100 JNJ @ -62.50			$6,250.00
5/18/2012	JNJ		Net Cost/Profit-Loss		($6,250.00)	$52.97
DTE	57		Percent Profit-Loss/Annualized		0.85%	5.43%

BHP - Closed

The BHP Billiton Ltd. (BHP) May12 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$64.12
Percent Return	1.07%
Annualized Return	6.84%
Days Held to Expiration	57 days

Trade History

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	Expired		$64.12
5/18/2012	BHP	CSP Margin Returned	CSP 100 BHP @ -60.00			$6,000.00
5/18/2012	BHP		Net Cost/Profit-Loss		($6,000.00)	$64.12
DTE	57		Percent Profit-Loss/Annualized		1.07%	6.84%

ABT - Closed

The Abbott Laboratories (ABT) May12 52.50 Put expired expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,250.00
Net Profit	$100.12
Percent Return	1.91%
Annualized Return	6.11%
Days Held to Expiration	114 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	ABT	CSP Margin Used	CSP 100 ABT @ 52.50		($5,250.00)
1/25/2012	ABT	Initial Put Option	STO 1 May12 52.50 Put @ 1.00	Expired		$100.12
5/18/2012	ABT	CSP Margin Returned	CSP 100 ABT @ -52.50			$5,250.00
5/18/2012	ABT		Net Cost/Profit-Loss		($5,250.00)	$100.12
DTE	114		Percent Profit-Loss/Annualized		1.91%	6.11%

EMR - New Position

A new CSP position was established today on Company Name (xxxx). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	55
Fair Value Estimate	$60.00
Target Buy Price	$42.00
Target Margin of Safety	30.00%
Actual Buy Price	$42.00
Actual Margin of Safety	30.00%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/17/2012	EMR	CSP Margin Used	CSP 100 EMR @ 42.00		($4,200.00)
5/17/2012	EMR	Initial Put Option	STO 1 Jun12 42.00 Put @ 0.34			$33.97

Position Summary

Cost Basis	($4,200.00)
Income Generated	$33.97
Percent Income Generated	0.81%
Annualized Income Generated	10.18%
Net Profit If Assigned	$33.97
Percent Return If Assigned	0.81%
Annualized Return If Assigned	10.18%
Days Held to Expiration	29 days

DOV - New Position

A new CSP position was established today on Dover Corp (DOV). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	56
Fair Value Estimate	$73.00
Target Buy Price	$51.10
Target Margin of Safety	30.00%
Actual Buy Price	$50.00
Actual Margin of Safety	31.51%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/17/2012	DOV	CSP Margin Used	CSP 100 DOV @ 50.00		($5,000.00)
5/17/2012	DOV	Initial Put Option	STO 1 Jun12 50.00 Put @ 0.52			$51.97

Position Summary

Cost Basis	($5,000.00)
Income Generated	$51.97
Percent Income Generated	1.04%
Annualized Income Generated	13.08%
Net Profit If Assigned	$51.97
Percent Return If Assigned	1.04%
Annualized Return If Assigned	13.08%
Days Held to Expiration	29 days

UTX - New Position

A new CSP position was established today on United Technologies (UTX). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	17
Fair Value Estimate	$100.00
Target Buy Price	$70.00
Target Margin of Safety	30.00%
Actual Buy Price	$70.00
Actual Margin of Safety	30.00%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/14/2012	UTX	CSP Margin Used	CSP 100 UTX @ 70.00		($7,000.00)
5/14/2012	UTX	Initial Put Option	STO 1 Jun12 70.00 Put @ 0.65			$64.97

Position Summary

Cost Basis	($7,000.00)
Income Generated	$64.97
Percent Income Generated	0.93%
Annualized Income Generated	10.59%
Net Profit If Assigned	$64.97
Percent Return If Assigned	0.93%
Annualized Return If Assigned	10.59%
Days Held to Expiration	32 days

TBT - New Position

A new CSP position was established today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the fifth position on TBT.

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	Initial Put Option	STO 2 Jun12 16.00 Put @ 0.23			$46.55

Position Summary

Cost Basis	($3,200.00)
Income Generated	$46.55
Percent Income Generated	1.45%
Annualized Income Generated	16.59%
Net Profit If Assigned	$46.55
Percent Return If Assigned	1.45%
Annualized Return If Assigned	16.59%
Days Held to Expiration	32 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	$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
5/14/2012	NSC	CSP Margin Used	CSP 100 NSC @ 62.50		($6,250.00)
5/14/2012	NSC	Initial Put Option	STO 1 Jun12 62.50 Put @ 0.56			$55.52

Position Summary

Cost Basis	($6,250.00)
Income Generated	$55.52
Percent Income Generated	0.89%
Annualized Income Generated	10.13%
Net Profit If Assigned	$55.52
Percent Return If Assigned	0.89%
Annualized Return If Assigned	10.13%
Days Held to Expiration	32 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
5/14/2012	MMM	CSP Margin Used	CSP 100 MMM @ 80.00		($8,000.00)
5/14/2012	MMM	Initial Put Option	STO 1 Jun12 80.00 Put @ 0.57			$56.97

Position Summary

Cost Basis	($8,000.00)
Income Generated	$56.97
Percent Income Generated	0.71%
Annualized Income Generated	8.12%
Net Profit If Assigned	$56.97
Percent Return If Assigned	0.71%
Annualized Return If Assigned	8.12%
Days Held to Expiration	32 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	$130.00
Target Buy Price	$78.00
Target Margin of Safety	40.00%
Actual Buy Price	$80.00
Actual Margin of Safety	38.46%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	STRA	CSP Margin Used	CSP 100 STRA @ 80.00		($8,000.00)
5/4/2012	STRA	Initial Put Option	STO 1 Jun12 80.00 Put @ 1.95			$194.97

Position Summary

Cost Basis	($8,000.00)
Income Generated	$194.97
Percent Income Generated	2.44%
Annualized Income Generated	21.18%
Net Profit If Assigned	$194.97
Percent Return If Assigned	2.44%
Annualized Return If Assigned	21.18%
Days Held to Expiration	42 days

PH - New Position

A new CSP position was established today on Parker Hannifin Corp (PH). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	56
Fair Value Estimate	$105.00
Target Buy Price	$73.50
Target Margin of Safety	30.00%
Actual Buy Price	$75.00
Actual Margin of Safety	28.57%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	PH	CSP Margin Used	CSP 100 PH @ 75.00		($7,500.00)
5/4/2012	PH	Initial Put Option	STO 1 Jun12 75.00 Put @ 0.65			$64.55

Position Summary

Cost Basis	($7,500.00)
Income Generated	$64.55
Percent Income Generated	0.86%
Annualized Income Generated	7.48%
Net Profit If Assigned	$64.55
Percent Return If Assigned	0.86%
Annualized Return If Assigned	7.48%
Days Held to Expiration	42 days

OXY - New Position

A new CSP position was established today on Occidental Petroleum (OXY). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	10
Fair Value Estimate	$108.00
Target Buy Price	$75.60
Target Margin of Safety	30.00%
Actual Buy Price	$75.00
Actual Margin of Safety	30.56%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	OXY	CSP Margin Used	CSP 100 OXY @ 75.00		($7,500.00)
5/4/2012	OXY	Initial Put Option	STO 1 Jun12 75.00 Put @ 0.57			$56.97

Position Summary

Cost Basis	($7,500.00)
Income Generated	$56.97
Percent Income Generated	0.76%
Annualized Income Generated	6.60%
Net Profit If Assigned	$56.97
Percent Return If Assigned	0.76%
Annualized Return If Assigned	6.60%
Days Held to Expiration	42 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	$34.00
Actual Margin of Safety	40.35%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	NUE	CSP Margin Used	CSP 100 NUE @ 34.00		($3,400.00)
5/4/2012	NUE	Initial Put Option	STO 1 Jul12 34.00 Put @ 0.72			$72.12

Position Summary

Cost Basis	($3,400.00)
Income Generated	$72.12
Percent Income Generated	2.12%
Annualized Income Generated	10.05%
Net Profit If Assigned	$72.12
Percent Return If Assigned	2.12%
Annualized Return If Assigned	10.05%
Days Held to Expiration	77 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	17
Fair Value Estimate	$61.00
Target Buy Price	$42.70
Target Margin of Safety	30.00%
Actual Buy Price	$37.50
Actual Margin of Safety	38.52%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	EXPD	CSP Margin Used	CSP 100 EXPD @ 37.50		($3,750.00)
5/4/2012	EXPD	Initial Put Option	STO 1 Jun12 37.50 Put @ 0.70			$69.55

Position Summary

Cost Basis	($3,750.00)
Income Generated	$69.55
Percent Income Generated	1.85%
Annualized Income Generated	16.12%
Net Profit If Assigned	$69.55
Percent Return If Assigned	1.85%
Annualized Return If Assigned	16.12%
Days Held to Expiration	42 days

TBT - Adjustment

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

This is the fourth position on TBT.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/4/2012	TBT	Continued Trade	STO 2 May12 18.00 Put @ 0.26			$52.85

Current Position Summary

Cost Basis	($3,600.00)
Income Generated	$139.40
Percent Income Generated	3.87%
Annualized Income Generated	16.43%
Net Profit If Assigned	$139.40
Percent Return If Assigned	3.87%
Annualized Return If Assigned	16.43%
Days Held to Expiration	86 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
2/22/2012	TBT	CSP Margin Used	CSP 200 TBT @ 18.00		($3,600.00)
2/22/2012	TBT	Initial Put Option	STO 2 Apr12 18.00 Put @ 0.43			$86.55
5/4/2012	TBT	Continued Trade	STO 2 May12 18.00 Put @ 0.26			$52.85
5/18/2012	TBT		Totals		($3,600.00)	$139.40
DTE	86		Percent Income/Annualized		3.87%	16.43%

NUE - Closed

The Nucor Corporation (NUE) Apr12 37.00 Put expired on 4/20. I was going to continue the position but decided to close it today. All prices include IB commissions.

Closed Position Summary

Cost Basis	$3,700.00
Net Profit	$51.97
Percent Return	1.40%
Annualized Return	11.39%
Days Held to Expiration	45 days

Trade History

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	Expired		$51.97
4/20/2012	NUE	CSP Margin Returned	CSP 100 NUE @ -37.00			$3,700.00
4/20/2012	NUE		Net Cost/Profit-Loss		($3,700.00)	$51.97
DTE	45		Percent Profit-Loss/Annualized		1.40%	11.39%

ABT - Closed

The Abbott Laboratories (ABT) Apr12 55.00 Put expired on 4/20. I was going to continue the position but decided to close it today. All prices include IB commissions.

Position Summary

Cost Basis	$5,500.00
Net Profit	$92.12
Percent Return	1.67%
Annualized Return	10.54%
Days Held to Expiration	58 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
2/22/2012	ABT	CSP Margin Used	CSP 100 ABT @ 55.00		($5,500.00)
2/22/2012	ABT	Initial Put Option	STO 1 Apr12 55.00 Put @ 0.92	Expired		$92.12
4/20/2012	ABT	CSP Margin Returned	CSP 100 ABT @ -55.00			$5,500.00
4/20/2012	ABT		Net Cost/Profit-Loss		($5,500.00)	$92.12
DTE	58		Percent Profit-Loss/Annualized		1.67%	10.54%