PFE - Adjustment

The following adjustment was made today on Pfizer Inc (PFE). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Fallen Angel*
Previous Years of Consecutive Dividend Increases	41**
Fair Value Estimate	$27.00
Target Buy Price	$20.00
Target Margin of Safety	25.93%
Actual Buy Price	$19.00
Actual Margin of Safety	29.63%

*PFE is what I classify as a Fallen Angel (i.e. former Dividend Champion). PFE cut the dividend in 2009, but has since increased it in 2010 and 2011.
**Prior to cutting the dividend PFE had 41 years of consecutive dividend increases.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/19/2011	PFE	CSP Margin Returned	CSP 100 PFE @ -19.00		$1,900.00
8/19/2011	PFE	Stock Assigned	EX 2 Aug11 19.00 Put @ -19.00		($3,800.00)
8/29/2011	PFE	Continued Trade	STO 2 Sep11 19.00 Call @ 0.39			$78.31

Current Position Summary

Cost Basis	($3,800.00)
Income Generated	$166.63
Percent Income Generated	4.39%
Annualized Income Generated	13.80%
Net Profit If Assigned	$166.63
Percent Return If Assigned	4.39%
Annualized Return If Assigned	13.80%
Days Held to Expiration	116 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	PFE	CSP Margin Used	CSP 200 PFE @ 19.00		($3,800.00)
5/23/2011	PFE	Initial Put Option	STO 2 Aug11 19.00 Put @ 0.44	Exercised		$88.32
8/19/2011	PFE	CSP Margin Returned	CSP 100 PFE @ -19.00		$1,900.00
8/19/2011	PFE	Stock Assigned	EX 2 Aug11 19.00 Put @ -19.00		($3,800.00)
8/29/2011	PFE	Continued Trade	STO 2 Sep11 19.00 Call @ 0.39			$78.31
9/16/2011	PFE		Totals		($5,700.00)	$166.63
DTE	116		Percent Income/Annualized		2.92%	9.20%

TLT - Adjustment

The following adjustment was made today on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/24/2011	TLT	Continued Trade	STO 1 Oct11 98.00 Put @ 1.13			$113.28

Current Position Summary

Cost Basis	($9,800.00)
Income Generated	$914.28
Percent Income Generated	9.33%
Annualized Income Generated	8.91%
Net Profit If Assigned	$914.28
Percent Return If Assigned	9.33%
Annualized Return If Assigned	8.91%
Days Held to Expiration	382 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/4/2010	TLT	CSP Margin Used	CSP 100 TLT @ 98.00		($9,800.00)
10/4/2010	TLT	Initial Put Option	STO 1 Nov10 98.00 Put @ 0.49	Closed		$48.99
11/18/2010	TLT	Buy Back and Roll Out	BTC 1 Nov10 98.00 Put @ -2.25			($224.96)
11/18/2010	TLT	Continued Trade	STO 1 Dec10 98.00 Put @ 3.39	Closed		$339.04
12/8/2010	TLT	Buy Back and Roll Out	BTC 1 Dec10 98.00 Put @ -4.96			($495.96)
12/8/2010	TLT	Continued Trade	STO 1 Jan11 98.00 Put @ 5.74	Closed		$573.99
12/28/2010	TLT	Buy Back and Roll Out	BTC 1 Jan11 98.00 Put @ -6.71			($670.96)
12/28/2010	TLT	Continued Trade	STO 1 Mar11 98.00 Put @ 7.84	Closed		$784.04
3/18/2011	TLT	Buy Back and Roll Out	BTC 1 Mar11 98.00 Put @ -4.81			($481.01)
3/18/2011	TLT	Continued Trade	STO 1 Jun11 98.00 Put @ 6.82	Closed		$681.87
6/17/2011	TLT	Buy Back and Roll Out	BTC 1 Jun11 98.00 Put @ -1.03			($103.02)
6/17/2011	TLT	Continued Trade	STO 1 Aug11 98.00 Put @ 3.49	Expired		$348.98
8/24/2011	TLT	Continued Trade	STO 1 Oct11 98.00 Put @ 1.13			$113.28
10/21/2011	TLT		Totals		($9,800.00)	$914.28
DTE	382		Percent Income/Annualized		9.33%	8.91%

GD - Adjustment

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

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	20
Fair Value Estimate	$85.00
Target Buy Price	$60.00
Target Margin of Safety	29.41%
Actual Buy Price	$65.00
Actual Margin of Safety	23.53%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/19/2011	GD	CSP Margin Returned	CSP 100 GD @ -65.00		$6,500.00
8/19/2011	GD	Stock Assigned	EX 1 Aug11 65.00 Put @ -65.00		($6,500.00)
8/24/2011	GD	Continued Trade	STO 1 Oct11 65.00 Call @ 1.34			$133.97

Current Position Summary

Cost Basis	($6,500.00)
Income Generated	$247.95
Percent Income Generated	3.81%
Annualized Income Generated	9.22%
Net Profit If Assigned	$247.95
Percent Return If Assigned	3.81%
Annualized Return If Assigned	9.22%
Days Held to Expiration	151 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	GD	CSP Margin Used	CSP 100 GD @ 65.00		($6,500.00)
5/23/2011	GD	Initial Put Option	STO 1 Aug11 65.00 Put @ 1.14	Exercised		$113.98
8/19/2011	GD	CSP Margin Returned	CSP 100 GD @ -65.00		$6,500.00
8/19/2011	GD	Stock Assigned	EX 1 Aug11 65.00 Put @ -65.00		($6,500.00)
8/24/2011	GD	Continued Trade	STO 1 Oct11 65.00 Call @ 1.34			$133.97
10/21/2011	GD		Totals		($6,500.00)	$247.95
DTE	151		Percent Income/Annualized		3.81%	9.22%

ABT - Adjustment

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

This is the second position on ABT. The first position is a CC.

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	$55.00
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	22.79%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/19/2011	ABT	CSP Margin Returned	CSP 100 ABT @ -52.50		$5,250.00
8/19/2011	ABT	Stock Assigned	EX 1 Aug11 52.50 Put @ -52.50		($5,250.00)
8/24/2011	ABT	Continued Trade	STO 1 Oct11 52.50 Call @ 1.00			$99.98

Current Position Summary

Cost Basis	($5,250.00)
Income Generated	$292.38
Percent Income Generated	5.57%
Annualized Income Generated	13.11%
Net Profit If Assigned	$292.38
Percent Return If Assigned	5.57%
Annualized Return If Assigned	13.11%
Days Held to Expiration	155 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2011	ABT	CSP Margin Used	CSP 100 ABT @ 52.50		($5,250.00)
5/19/2011	ABT	Initial Put Option	STO 1 Jun11 52.50 Put @ 0.55	Closed		$55.34
6/17/2011	ABT	Buy Back and Roll Out	BTC 1 Jun11 52.50 Put @ -0.82			($81.97)
6/17/2011	ABT	Continued Trade	STO 1 Aug11 52.50 Put @ 2.19	Exercised		$219.03
8/19/2011	ABT	CSP Margin Returned	CSP 100 ABT @ -52.50		$5,250.00
8/19/2011	ABT	Stock Assigned	EX 1 Aug11 52.50 Put @ -52.50		($5,250.00)
8/24/2011	ABT	Continued Trade	STO 1 Oct11 52.50 Call @ 1.00			$99.98
10/21/2011	ABT		Totals		($5,250.00)	$292.38
DTE	155		Percent Income/Annualized		5.57%	13.11%

TLT - Adjustment

The following adjustment was made today on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/17/2011	TLT	Buy Back and Roll Out	BTC 1 Jun11 98.00 Put @ -1.03			($103.02)
6/17/2011	TLT	Continued Trade	STO 1 Aug11 98.00 Put @ 3.49			$348.98

Current Position Summary

Cost Basis	($9,800.00)
Income Generated	$801.00
Percent Income Generated	8.17%
Annualized Income Generated	9.35%
Net Profit If Assigned	$801.00
Percent Return If Assigned	8.17%
Annualized Return If Assigned	9.35%
Days Held to Expiration	319 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/4/2010	TLT	CSP Margin Used	CSP 100 TLT @ 98.00		($9,800.00)
10/4/2010	TLT	Initial Put Option	STO 1 Nov10 98.00 Put @ 0.49	Closed		$48.99
11/18/2010	TLT	Buy Back and Roll Out	BTC 1 Nov10 98.00 Put @ -2.25			($224.96)
11/18/2010	TLT	Continued Trade	STO 1 Dec10 98.00 Put @ 3.39	Closed		$339.04
12/8/2010	TLT	Buy Back and Roll Out	BTC 1 Dec10 98.00 Put @ -4.96			($495.96)
12/8/2010	TLT	Continued Trade	STO 1 Jan11 98.00 Put @ 5.74	Closed		$573.99
12/28/2010	TLT	Buy Back and Roll Out	BTC 1 Jan11 98.00 Put @ -6.71			($670.96)
12/28/2010	TLT	Continued Trade	STO 1 Mar11 98.00 Put @ 7.84	Closed		$784.04
3/18/2011	TLT	Buy Back and Roll Out	BTC 1 Mar11 98.00 Put @ -4.81			($481.01)
3/18/2011	TLT	Continued Trade	STO 1 Jun11 98.00 Put @ 6.82	Closed		$681.87
6/17/2011	TLT	Buy Back and Roll Out	BTC 1 Jun11 98.00 Put @ -1.03			($103.02)
6/17/2011	TLT	Continued Trade	STO 1 Aug11 98.00 Put @ 3.49			$348.98
8/19/2011	TLT		Totals		($9,800.00)	$801.00
DTE	319		Percent Income/Annualized		8.17%	9.35%

NUE - Adjustment

The following adjustment was made today on Nucor Corporation (NUE). 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	$58.00
Target Buy Price	$35.00
Target Margin of Safety	40.00%
Actual Buy Price	$40.00
Actual Margin of Safety	31.03%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/17/2011	NUE	Buy Back and Roll Out	BTC 1 Jun11 40.00 Put @ -0.75			($75.02)
6/17/2011	NUE	Continued Trade	STO 1 Oct11 40.00 Put @ 3.54			$353.98

Current Position Summary

Cost Basis	($4,000.00)
Income Generated	$313.94
Percent Income Generated	7.85%
Annualized Income Generated	18.48%
Net Profit If Assigned	$313.94
Percent Return If Assigned	7.85%
Annualized Return If Assigned	18.48%
Days Held to Expiration	155 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2011	NUE	CSP Margin Used	CSP 100 NUE @ 40.00		($4,000.00)
5/19/2011	NUE	Initial Put Option	STO 1 Jun11 40.00 Put @ 0.35	Closed		$34.98
6/17/2011	NUE	Buy Back and Roll Out	BTC 1 Jun11 40.00 Put @ -0.75			($75.02)
6/17/2011	NUE	Continued Trade	STO 1 Oct11 40.00 Put @ 3.54			$353.98
10/21/2011	NUE		Totals		($4,000.00)	$313.94
DTE	155		Percent Income/Annualized		7.85%	18.48%

LOW - Adjustment

The following adjustment was made today on Lowes Companies Inc (LOW) All prices include IB commissions.

This is the second position on LOW.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	48
Fair Value Estimate	$36.00
Target Buy Price	$25.00
Target Margin of Safety	30.56%
Actual Buy Price	$21.00
Actual Margin of Safety	41.67%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/17/2011	LOW	Buy Back and Roll Out	BTC 2 Jun11 25.00 Put @ -2.20			($439.44)
6/17/2011	LOW	Continued Trade	STO 2 Oct11 25.00 Put @ 2.93			$586.56

Current Position Summary

Cost Basis	($5,000.00)
Income Generated	$330.81
Percent Income Generated	6.62%
Annualized Income Generated	11.84%
Net Profit If Assigned	$330.81
Percent Return If Assigned	6.62%
Annualized Return If Assigned	11.84%
Days Held to Expiration	204 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/31/2011	LOW	CSP Margin Used	CSP 200 LOW @ 25.00		($5,000.00)
3/31/2011	LOW	Initial Put Option	STO 2 May11 25.00 Put @ 0.50	Closed		$100.57
5/19/2011	LOW	Buy Back and Roll Out	BTC 2 May11 25.00 Put @ -0.28			($55.44)
5/19/2011	LOW	Continued Trade	STO 2 Jun11 25.00 Put @ 0.69	Closed		$138.56
6/17/2011	LOW	Buy Back and Roll Out	BTC 2 Jun11 25.00 Put @ -2.20			($439.44)
6/17/2011	LOW	Continued Trade	STO 2 Oct11 25.00 Put @ 2.93			$586.56
10/21/2011	LOW		Totals		($5,000.00)	$330.81
DTE	204		Percent Income/Annualized		6.62%	11.84%

ABT - Adjustment

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

This is the second position on ABT. The first position is a CC.

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	$55.00
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	22.79%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/17/2011	ABT	Buy Back and Roll Out	BTC 1 Jun11 52.50 Put @ -0.82			($81.97)
6/17/2011	ABT	Continued Trade	STO 1 Aug11 52.50 Put @ 2.19			$219.03

Current Position Summary

Cost Basis	($5,250.00)
Income Generated	$192.40
Percent Income Generated	3.66%
Annualized Income Generated	14.54%
Net Profit If Assigned	$192.40
Percent Return If Assigned	3.66%
Annualized Return If Assigned	14.54%
Days Held to Expiration	92 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2011	ABT	CSP Margin Used	CSP 100 ABT @ 52.50		($5,250.00)
5/19/2011	ABT	Initial Put Option	STO 1 Jun11 52.50 Put @ 0.55	Closed		$55.34
6/17/2011	ABT	Buy Back and Roll Out	BTC 1 Jun11 52.50 Put @ -0.82			($81.97)
6/17/2011	ABT	Continued Trade	STO 1 Aug11 52.50 Put @ 2.19			$219.03
8/19/2011	ABT		Totals		($5,250.00)	$192.40
DTE	92		Percent Income/Annualized		3.66%	14.54%

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
6/17/2011	ABT	Buy Back and Roll Out/Up	BTC 1 Jun11 52.50 Call @ -0.03			($3.02)
6/17/2011	ABT	Continued Trade	STO 1 Aug11 55.00 Call @ 0.30			$29.98

Current Position Summary

Cost Basis	($5,500.00)
Income Generated	$691.75
Percent Income Generated	12.58%
Annualized Income Generated	8.00%
Net Profit If Assigned	$691.75
Percent Return If Assigned	12.58%
Annualized Return If Assigned	8.00%
Days Held to Expiration	574 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)
6/17/2011	ABT	Continued Trade	STO 1 Aug11 55.00 Call @ 0.30			$29.98
8/19/2011	ABT		Totals		($5,500.00)	$691.75
DTE	574		Percent Income/Annualized		12.58%	8.00%

CSX - Adjustment

The following adjustment was made today on CSX Corporation (CSX) due to a 3:1 stock split. All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	6
Fair Value Estimate	$31.00
Target Buy Price	$21.70
Target Margin of Safety	30.00%
Actual Buy Price	$21.67
Actual Margin of Safety	30.10%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	CSX	CSP Margin Used	CSP 100 CSX @ 65.00	Closed	($6,500.00)
5/23/2011	CSX	Initial Put Option	STO 1 Nov11 65.00 Put @ 2.24	Closed		$223.98
6/16/2011	CSX	3:1 Stock Split	SPLIT 300 CSX @ 21.67		($6,501.00)
6/16/2011	CSX	3:1 Stock Split	SPLIT 3 Nov11 21.67 Put @ 0.75			$223.98

Current Position Summary

Cost Basis	($6,501.00)
Income Generated	$223.98
Percent Income Generated	3.45%
Annualized Income Generated	7.03%
Net Profit If Assigned	$223.98
Percent Return If Assigned	3.45%
Annualized Return If Assigned	7.03%
Days Held to Expiration	179 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	CSX	CSP Margin Used	CSP 100 CSX @ 65.00		($6,500.00)
5/23/2011	CSX	Initial Put Option	STO 1 Nov11 65.00 Put @ 2.24			$223.98
5/23/2011	CSX	CSP Margin Used	CSP 100 CSX @ 65.00	Closed	($6,500.00)
5/23/2011	CSX	Initial Put Option	STO 1 Nov11 65.00 Put @ 2.24	Closed		$223.98
6/16/2011	CSX	3:1 Stock Split	SPLIT 300 CSX @ 21.67		($6,501.00)
6/16/2011	CSX	3:1 Stock Split	SPLIT 3 Nov11 21.67 Put @ 0.75			$223.98
11/18/2011	CSX		Totals		($6,501.00)	$223.98
DTE	179		Percent Income/Annualized		3.45%	7.03%