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	$55.00
Actual Margin of Safety	57.69%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/31/2012	STRA	CSP Margin Used	CSP 100 STRA @ 55.00		($5,500.00)
7/31/2012	STRA	Initial Put Option	STO 1 Sep12 55.00 Put @ 1.04			$103.94

Position Summary

Cost Basis	($5,500.00)
Income Generated	$103.94
Percent Income Generated	1.89%
Annualized Income Generated	13.27%
Net Profit If Assigned	$103.94
Percent Return If Assigned	1.89%
Annualized Return If Assigned	13.27%
Days Held to Expiration	52 days

LOW - New Position

A new CSP position was established today on Lowes Companies Inc (LOW). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	50
Fair Value Estimate	$34.00
Target Buy Price	$23.80
Target Margin of Safety	30.00%
Actual Buy Price	$23.00
Actual Margin of Safety	32.35%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/31/2012	LOW	CSP Margin Used	CSP 200 LOW @ 23.00		($4,600.00)
7/31/2012	LOW	Initial Put Option	STO 2 Sep12 23.00 Put @ 0.43			$86.79

Position Summary

Cost Basis	($4,600.00)
Income Generated	$86.79
Percent Income Generated	1.89%
Annualized Income Generated	13.24%
Net Profit If Assigned	$86.79
Percent Return If Assigned	1.89%
Annualized Return If Assigned	13.24%
Days Held to Expiration	52 days

CHRW - New Position

A new CSP position was established today on CH Robinson Worldwide (CHRW). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	15
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
7/31/2012	CHRW	CSP Margin Used	CSP 100 CHRW @ 50.00		($5,000.00)
7/31/2012	CHRW	Initial Put Option	STO 1 Sep12 50.00 Put @ 0.94			$93.94

Position Summary

Cost Basis	($5,000.00)
Income Generated	$93.94
Percent Income Generated	1.88%
Annualized Income Generated	13.19%
Net Profit If Assigned	$93.94
Percent Return If Assigned	1.88%
Annualized Return If Assigned	13.19%
Days Held to Expiration	52 days

TEVA - Adjustment

The following adjustment was made 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	$55.00
Target Buy Price	$38.50
Target Margin of Safety	30.00%
Actual Buy Price	$40.00
Actual Margin of Safety	27.27%

*Fair Value was lowered from $58 to $55 since inception which lowered my 31.03% Margin of Safety to 27.27%.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/27/2012	TEVA	Continued Trade	STO 1 Sep12 45.00 Call @ 0.25			$25.24

Current Position Summary

Cost Basis	($4,000.00)
Income Generated	$95.48
Percent Income Generated	2.39%
Annualized Income Generated	4.76%
Net Profit If Assigned	$595.48
Percent Return If Assigned	14.89%
Annualized Return If Assigned	29.69%
Days Held to Expiration	183 days

Trade History

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	Exercised		$50.97
5/18/2012	TEVA	CSP Margin Returned	CSP 100 TEVA @ -40.00		$4,000.00
5/18/2012	TEVA	Stock Assigned	EX 1 May12 40.00 Put @ -40.00		($4,000.00)
6/25/2012	TEVA	Continued Trade	STO 1 Jul12 42.50 Call @ 0.19	Expired		$19.27
7/27/2012	TEVA	Continued Trade	STO 1 Sep12 45.00 Call @ 0.25			$25.24
9/21/2012	TEVA		Totals		($4,000.00)	$95.48
DTE	183		Percent Income/Annualized		2.39%	4.76%

TBT - Adjustment

The following adjustment was made 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
7/27/2012	TBT	Continued Trade	STO 2 Sep12 16.00 Call @ 0.35			$69.09

Current Position Summary

Cost Basis	($3,200.00)
Income Generated	$115.64
Percent Income Generated	3.61%
Annualized Income Generated	10.15%
Net Profit If Assigned	$115.64
Percent Return If Assigned	3.61%
Annualized Return If Assigned	10.15%
Days Held to Expiration	130 days

Trade History

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	Continued Trade	STO 2 Jun12 16.00 Put @ 0.23	Exercised		$46.55
6/15/2012	TBT	CSP Margin Returned	CSP 200 TBT @ -16.00		$3,200.00
6/15/2012	TBT	Stock Assigned	EX 2 Jun12 16.00 Put @ -16.00		($3,200.00)
7/27/2012	TBT	Continued Trade	STO 2 Sep12 16.00 Call @ 0.35			$69.09
9/21/2012	TBT		Totals		($3,200.00)	$115.64
DTE	130		Percent Income/Annualized		3.61%	10.15%

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	$69.00*
Target Buy Price	$55.20
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	23.91%

*Fair Value was lowered from $71 to $69 since inception which lowered my 26.06% Margin of Safety to 23.91%.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54			$54.25

Current Position Summary

Cost Basis	($5,500.00)
Income Generated	$192.19
Percent Income Generated	3.49%
Annualized Income Generated	6.02%
Net Profit If Assigned	$692.19
Percent Return If Assigned	12.59%
Annualized Return If Assigned	21.67%
Days Held to Expiration	212 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	Expired		$58.97
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54			$54.25
9/21/2012	NVS		Totals		($5,500.00)	$192.19
DTE	212		Percent Income/Annualized		3.49%	6.02%

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	$69.00*
Target Buy Price	$55.20
Target Margin of Safety	20.00%
Actual Buy Price	$55.00
Actual Margin of Safety	20.29%

*Fair Value was lowered from $71 to $69 since inception with no impact on my original Margin of Safety.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54			$54.25

Current Position Summary

Cost Basis	($5,250.00)
Income Generated	$222.94
Percent Income Generated	4.25%
Annualized Income Generated	6.46%
Net Profit If Assigned	$972.94
Percent Return If Assigned	18.53%
Annualized Return If Assigned	28.18%
Days Held to Expiration	240 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	Exercised		$50.72
5/18/2012	NVS	CSP Margin Returned	CSP 100 NVS @ -52.50		$5,250.00
5/18/2012	NVS	Stock Assigned	EX 1 May12 52.50 Put @ -52.50		($5,250.00)
7/27/2012	NVS	Continued Trade	STO 1 Sep12 60.00 Call @ 0.54			$54.25
9/21/2012	NVS		Totals		($5,250.00)	$222.94
DTE	240		Percent Income/Annualized		4.25%	6.46%

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	$23.00*
Target Buy Price	$11.50
Target Margin of Safety	50.00%
Actual Buy Price	$26.00
Actual Margin of Safety	-13.04%

*Fair Value was lowered from $36 to $23 since inception which turned my 27.78% Margin of Safety into a 13.04% premium.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
7/27/2012	AVP	Continued Trade	STO 2 Aug12 19.00 Call @ 0.09			$18.49

Current Position Summary

Cost Basis	($5,200.00)
Income Generated	$389.60
Percent Income Generated	7.49%
Annualized Income Generated	6.05%
Net Profit If Assigned	($1,010.40)
Percent Return If Assigned	-19.43%
Annualized Return If Assigned	-15.69%
Days Held to Expiration	452 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	Expired		$68.55
6/1/2012	AVP	Dividend Received	DIV 200 Dividend @ 0.23			$46.00
7/27/2012	AVP	Continued Trade	STO 2 Aug12 19.00 Call @ 0.09			$18.49
8/17/2012	AVP		Totals		($5,200.00)	$389.60
DTE	452		Percent Income/Annualized		7.49%	6.05%

UTX - Closed

The United Technologies (UTX) Jul12 70.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis	$7,000.00
Net Profit	$57.97
Percent Return	0.83%
Annualized Return	12.09%
Days Held to Expiration	25 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/25/2012	UTX	CSP Margin Used	CSP 100 UTX @ 70.00		($7,000.00)
6/25/2012	UTX	Initial Put Option	STO 1 Jul12 70.00 Put @ 0.58			$57.97
7/20/2012	UTX	CSP Margin Returned	CSP 100 UTX @ -70.00			$7,000.00
7/20/2012	UTX		Net Cost/Profit-Loss		($7,000.00)	$57.97
DTE	25		Percent Profit-Loss/Annualized		0.83%	12.09%

TXN - Closed

The Texas Instruments (TXN) Jul12 26.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,200.00
Net Profit	$56.55
Percent Return	1.09%
Annualized Return	13.69%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	TXN	CSP Margin Used	CSP 200 TXN @ 26.00		($5,200.00)
6/21/2012	TXN	Initial Put Option	STO 2 Jul12 26.00 Put @ 0.28			$56.55
7/20/2012	TXN	CSP Margin Returned	CSP 200 TXN @ -26.00			$5,200.00
7/20/2012	TXN		Net Cost/Profit-Loss		($5,200.00)	$56.55
DTE	29		Percent Profit-Loss/Annualized		1.09%	13.69%

SU - Closed

The Suncor Energy (SU) Jul12 25.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,000.00
Net Profit	$86.85
Percent Return	1.74%
Annualized Return	21.86%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	SU	CSP Margin Used	CSP 200 SU @ 25.00		($5,000.00)
6/21/2012	SU	Initial Put Option	STO 2 Jul12 25.00 Put @ 0.43			$86.85
7/20/2012	SU	CSP Margin Returned	CSP 200 SU @ -25.00			$5,000.00
7/20/2012	SU		Net Cost/Profit-Loss		($5,000.00)	$86.85
DTE	29		Percent Profit-Loss/Annualized		1.74%	21.86%

STRA - Closed

The Strayer Education Inc (STRA) Jul12 80.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$8,000.00
Net Profit	$107.97
Percent Return	1.35%
Annualized Return	16.99%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	STRA	CSP Margin Used	CSP 100 STRA @ 80.00		($8,000.00)
6/21/2012	STRA	Initial Put Option	STO 1 Jul12 80.00 Put @ 1.08			$107.97
7/20/2012	STRA	CSP Margin Returned	CSP 100 STRA @ -80.00			$8,000.00
7/20/2012	STRA		Net Cost/Profit-Loss		($8,000.00)	$107.97
DTE	29		Percent Profit-Loss/Annualized		1.35%	16.99%

QCOM - Closed

The Qualcomm (QCOM) Jul12 50.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,000.00
Net Profit	$59.97
Percent Return	1.20%
Annualized Return	15.10%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	QCOM	CSP Margin Used	CSP 100 QCOM @ 50.00		($5,000.00)
6/21/2012	QCOM	Initial Put Option	STO 1 Jul12 50.00 Put @ 0.60			$59.97
7/20/2012	QCOM	CSP Margin Returned	CSP 100 QCOM @ -50.00			$5,000.00
7/20/2012	QCOM		Net Cost/Profit-Loss		($5,000.00)	$59.97
DTE	29		Percent Profit-Loss/Annualized		1.20%	15.10%

PH - Closed

The Parker Hannifin Corp (PH) Jul12 70.00 expired and the position was closed. All prices include IB commissions.

Note: This was the second position on PH.

Position Summary

Cost Basis	$7,000.00
Net Profit	$99.55
Percent Return	1.42%
Annualized Return	21.63%
Days Held to Expiration	24 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/26/2012	PH	CSP Margin Used	CSP 100 PH @ 70.00		($7,000.00)
6/26/2012	PH	Initial Put Option	STO 1 Jun12 70.00 Put @ 1.00			$99.55
7/20/2012	PH	CSP Margin Returned	CSP 100 PH @ -70.00			$7,000.00
7/20/2012	PH		Net Cost/Profit-Loss		($7,000.00)	$99.55
DTE	24		Percent Profit-Loss/Annualized		1.42%	21.63%

PH - Closed

The Parker Hannifin Corp (PH) Jul12 75.00 expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$7,500.00
Net Profit	$96.97
Percent Return	1.29%
Annualized Return	15.73%
Days Held to Expiration	30 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/20/2012	PH	CSP Margin Used	CSP 100 PH @ 75.00		($7,500.00)
6/20/2012	PH	Initial Put Option	STO 1 Jul12 75.00 Put @ 0.97			$96.97
7/20/2012	PH	CSP Margin Returned	CSP 100 PH @ -75.00			$7,500.00
7/20/2012	PH		Net Cost/Profit-Loss		($7,500.00)	$96.97
DTE	30		Percent Profit-Loss/Annualized		1.29%	15.73%

PG - Closed

The Procter and Gamble (PG) Jul12 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,000.00
Net Profit	$115.23
Percent Return	1.92%
Annualized Return	23.37%
Days Held to Expiration	30 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/20/2012	PG	CSP Margin Used	CSP 100 PG @ 60.00		($6,000.00)
6/20/2012	PG	Initial Put Option	STO 1 Jul12 60.00 Put @ 1.15			$115.23
7/20/2012	PG	CSP Margin Returned	CSP 100 PG @ -60.00			$6,000.00
7/20/2012	PG		Net Cost/Profit-Loss		($6,000.00)	$115.23
DTE	30		Percent Profit-Loss/Annualized		1.92%	23.37%

OXY - Closed

The Occidental Petroleum Corporation (OXY) Jul12 75.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$7,500.00
Net Profit	$141.12
Percent Return	1.88%
Annualized Return	23.68%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	OXY	CSP Margin Used	CSP 100 OXY @ 75.00		($7,500.00)
6/21/2012	OXY	Initial Put Option	STO 1 Jul12 75.00 Put @ 1.41			$141.12
7/20/2012	OXY	CSP Margin Returned	CSP 100 OXY @ -75.00			$7,500.00
7/20/2012	OXY		Net Cost/Profit-Loss		($7,500.00)	$141.12
DTE	29		Percent Profit-Loss/Annualized		1.88%	23.68%

NUE - Closed

The Nucor Corporation (NUE) Jul12 34.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis	$3,400.00
Net Profit	$72.12
Percent Return	2.12%
Annualized Return	10.05%
Days Held to Expiration	77 days

Trade History

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
7/20/2012	NUE	CSP Margin Returned	CSP 100 NUE @ -34.00			$3,400.00
7/20/2012	NUE		Net Cost/Profit-Loss		($3,400.00)	$72.12
DTE	77		Percent Profit-Loss/Annualized		2.12%	10.05%

EMR - Closed

The Emerson Electric Co (EMR) Jul12 42.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,200.00
Net Profit	$34.97
Percent Return	0.83%
Annualized Return	12.16%
Days Held to Expiration	25 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/25/2012	EMR	CSP Margin Used	CSP 100 EMR @ 42.00		($4,200.00)
6/25/2012	EMR	Initial Put Option	STO 1 Jul12 42.00 Put @ 0.35			$34.97
7/20/2012	EMR	CSP Margin Returned	CSP 100 EMR @ -42.00			$4,200.00
7/20/2012	EMR		Net Cost/Profit-Loss		($4,200.00)	$34.97
DTE	25		Percent Profit-Loss/Annualized		0.83%	12.16%

DOV - Closed

The Dover Corp (DOV) Jul12 50.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,000.00
Net Profit	$49.55
Percent Return	0.99%
Annualized Return	12.47%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	DOV	CSP Margin Used	CSP 100 DOV @ 50.00		($5,000.00)
6/21/2012	DOV	Initial Put Option	STO 1 Jul12 50.00 Put @ 0.50			$49.55
7/20/2012	DOV	CSP Margin Returned	CSP 100 DOV @ -50.00			$5,000.00
7/20/2012	DOV		Net Cost/Profit-Loss		($5,000.00)	$49.55
DTE	29		Percent Profit-Loss/Annualized		0.99%	12.47%

BHP - Closed

The BHP Billiton Ltd. (BHP) Jul12 57.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,750.00
Net Profit	$73.12
Percent Return	1.27%
Annualized Return	16.01%
Days Held to Expiration	29 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/21/2012	BHP	CSP Margin Used	CSP 100 BHP @ 57.50		($5,750.00)
6/21/2012	BHP	Initial Put Option	STO 1 Jul12 57.50 Put @ 0.73			$73.12
7/20/2012	BHP	CSP Margin Returned	CSP 100 BHP @ -57.50			$5,750.00
7/20/2012	BHP		Net Cost/Profit-Loss		($5,750.00)	$73.12
DTE	29		Percent Profit-Loss/Annualized		1.27%	16.01%