GE - Adjustment

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

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	GE	CSP Margin Used	CSP 100 GE @ 16.00		($1,600.00)
11/24/2009	GE	Combined Cost Basis	$3,001.00 100 @ 30.01
11/24/2009	GE	Continued Trade	STO 1 Dec09 16.00 Put @ 0.38			$38.00

Current Position Summary

CSP Margin Used	$3,001.00
Income Generated	$588.00
Percent Income Generated	19.59%
Annualized Income Generated	15.86%
Net Profit If Expired	-$813.00
Percent Return If Expired	-27.09%
Annualized Return If Expired	-21.93%
Days Held to Expiration	451 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/23/2008	GE	Initial Stock Position	BTO 100 GE @ 25.01	Called	($2,501.00)
9/23/2008	GE	Initial Call Option	STO 1 Oct08 25.00 Call @ 1.79	Expired		$179.00
10/20/2008	GE	Interim Trade	STO 1 Nov08 22.00 Call @ 0.34	Expired		$34.00
12/22/2008	GE	Interim Trade	STO 1 Feb09 18.00 Call @ 0.48	Expired		$48.00
1/26/2009	GE	Dividend Received	DIV 100 Dividend @ 0.31			$31.00
2/24/2009	GE	Interim Trade	STO 1 Apr09 11.00 Call @ 0.51	Closed		$51.00
4/17/2009	GE	Buy Back and Roll Out	BTC 1 Apr09 11.00 Call @ -1.58			($158.00)
4/17/2009	GE	Interim Trade	STO 1 May09 11.00 Call @ 1.87	Closed		$187.00
4/27/2009	GE	Dividend Received	DIV 100 Dividend @ 0.31			$31.00
5/4/2009	GE	Buy Back and Roll Out	BTC 1 May09 11.00 Call @ -2.15			($215.00)
5/4/2009	GE	Interim Trade	STO 1 Jun09 11.00 Call @ 2.40	Closed		$240.00
6/16/2009	GE	Buy Back and Roll Out	BTC 1 Jun09 11.00 Call @ -1.97			($197.00)
6/16/2009	GE	Interim Trade	STO 1 Sep09 11.00 Call @ 2.46	Exercised		$246.00
7/27/2009	GE	Dividend Received	DIV 100 Dividend @ 0.10			$10.00
9/16/2009	GE	Option Exercised	EX 1 Sep09 11.00 Call @ 11.00		$1,100.00
9/18/2009	GE	CSP Margin Used	CSP 100 GE @ 15.00		($1,500.00)
9/18/2009	GE	Combined Cost Basis	$2,901.00 100 @ 29.01
9/18/2009	GE	Continued Trade	STO 1 Oct09 15.00 Put @ 0.31	Expired		$31.00
10/16/2009	GE	CSP Margin Returned	CSP 100 GE @ -15.00		$1,500.00
10/20/2009	GE	CSP Margin Used	CSP 100 GE @ 15.00		($1,500.00)
10/20/2009	GE	Combined Cost Basis	$2,901.00 100 @ 29.01
10/20/2009	GE	Continued Trade	STO 1 Nov09 15.00 Put @ 0.32	Expired		$32.00
11/20/2009	GE	CSP Margin Returned	CSP 100 GE @ -15.00		$1,500.00
11/24/2009	GE	CSP Margin Used	CSP 100 GE @ 16.00		($1,600.00)
11/24/2009	GE	Combined Cost Basis	$3,001.00 100 @ 30.01
11/24/2009	GE	Continued Trade	STO 1 Dec09 16.00 Put @ 0.38			$38.00
12/18/2009	GE		Totals		($3,001.00)	$588.00
DTE	451		Percent Income/Annualized		19.59%	15.86%

CNI - Adjustment

The following adjustment was made today on Canadian National Railway (CNI). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	CNI	CSP Margin Used	CSP 100 CNI @ 50.00		($5,000.00)
11/24/2009	CNI	Combined Cost Basis	$6,201.00 100 @ 62.01
11/24/2009	CNI	Continued Trade	STO 1 Jan10 50.00 Put @ 0.96			$95.75

Current Position Summary

CSP Margin Used	$6,201.00
Income Generated	$1,312.27
Percent Income Generated	21.16%
Annualized Income Generated	16.13%
Net Profit If Expired	$111.27
Percent Return If Expired	1.79%
Annualized Return If Expired	1.37%
Days Held to Expiration	479 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/23/2008	CNI	Initial Stock Position	BTO 100 CNI @ 52.01	Called	($5,201.00)
9/23/2008	CNI	Initial Call Option	STO 1 Oct08 50.00 Call @ 3.19	Expired		$319.00
9/30/2008	CNI	Dividend Received	DIV 100 Dividend @ 0.22			$21.67
9/30/2008	CNI	Withholding Tax	TAX 1 CA Tax @ -0.03			($3.25)
10/20/2008	CNI	Interim Trade	STO 1 Nov08 45.00 Call @ 1.04	Expired		$104.00
11/24/2008	CNI	Interim Trade	STO 1 Dec08 40.00 Call @ 0.46	Expired		$46.00
12/22/2008	CNI	Interim Trade	STO 1 Jan09 40.00 Call @ 0.24	Expired		$24.00
12/31/2008	CNI	Dividend Received	DIV 100 Dividend @ 0.19			$18.85
12/31/2008	CNI	Withholding Tax	TAX 1 CA Tax @ -0.03			($2.83)
1/23/2009	CNI	Interim Trade	STO 1 Feb09 35.00 Call @ 1.29	Expired		$129.00
2/24/2009	CNI	Interim Trade	STO 1 Mar09 35.00 Call @ 0.64	Expired		$64.00
3/24/2009	CNI	Interim Trade	STO 1 May09 40.00 Call @ 1.14	Closed		$114.00
3/31/2009	CNI	Dividend Received	DIV 100 Dividend @ 0.20			$19.98
3/31/2009	CNI	Withholding Tax	TAX 1 CA Tax @ -0.03			($3.00)
5/4/2009	CNI	Buy Back and Roll Out	BTC 1 May09 40.00 Call @ -3.66			($366.00)
5/4/2009	CNI	Interim Trade	STO 1 Jun09 40.00 Call @ 4.49	Closed		$449.00
6/2/2009	CNI	Buy Back and Roll Out	BTC 1 Jun09 40.00 Call @ -5.04			($504.00)
6/2/2009	CNI	Interim Trade	STO 1 Jul09 40.00 Call @ 5.56	Closed		$556.00
6/30/2009	CNI	Dividend Received	DIV 100 Dividend @ 0.22			$21.72
6/30/2009	CNI	Withholding Tax	TAX 1 CA Tax @ -0.03			($3.26)
7/17/2009	CNI	Buy Back and Roll Out	BTC 1 Jul09 40.00 Call @ -3.64			($364.00)
7/17/2009	CNI	Interim Trade	STO 1 Aug09 40.00 Call @ 4.43	Closed		$443.00
8/11/2009	CNI	Buy Back and Roll Out	BTC 1 Aug09 40.00 Call @ -8.23			($822.70)
8/11/2009	CNI	Interim Trade	STO 1 Sep09 40.00 Call @ 8.33	Exercised		$833.00
9/18/2009	CNI	Option Exercised	EX 1 Sep09 40.00 Call @ 40.00		$4,000.00
9/22/2009	CNI	CSP Margin Used	CSP 100 CNI @ 45.00		($4,500.00)
9/22/2009	CNI	Combined Cost Basis	$5,701.00 100 @ 57.01
9/22/2009	CNI	Continued Trade	STO 1 Nov09 45.00 Put @ 1.02	Expired		$102.30
9/30/2009	CNI	Dividend Received	DIV 100 Dividend @ 0.24			$23.58
9/30/2009	CNI	Withholding Tax	TAX 1 CA Tax @ -0.04			($3.54)
11/20/2009	CNI	CSP Margin Returned	CSP 100 CNI @ -45.00		$4,500.00
11/24/2009	CNI	CSP Margin Used	CSP 100 CNI @ 50.00		($5,000.00)
11/24/2009	CNI	Combined Cost Basis	$6,201.00 100 @ 62.01
11/24/2009	CNI	Continued Trade	STO 1 Jan10 50.00 Put @ 0.96			$95.75
1/15/2010	CNI		Totals		($6,201.00)	$1,312.27
DTE	479		Percent Income/Annualized		21.16%	16.13%

CCL - Adjustment

The following adjustment was made today on Carnival (CCL). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	CCL	CSP Margin Used	CSP 200 CCL @ 30.00		($6,000.00)
11/24/2009	CCL	Combined Cost Basis	$9,125.00 200 @ 45.63
11/24/2009	CCL	Continued Trade	STO 2 Dec09 30.00 Put @ 0.49			$98.60

Current Position Summary

CSP Margin Used	$9,125.00
Income Generated	$1,655.60
Percent Income Generated	18.14%
Annualized Income Generated	11.13%
Net Profit If Expired	-$1,469.40
Percent Return If Expired	-16.10%
Annualized Return If Expired	-9.88%
Days Held to Expiration	595 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/2/2008	CCL	Initial Stock Position	BTO 100 CCL @ 41.36	Called	($4,136.00)
5/2/2008	CCL	Initial Call Option	STO 1 Jun08 42.50 Call @ 1.38	Expired		$138.00
6/13/2008	CCL	Dividend Received	DIV 100 Dividend @ 0.40			$40.00
7/7/2008	CCL	Interim Trade	STO 1 Aug08 35.00 Call @ 0.79	Closed		$79.00
8/5/2008	CCL	Buy Back and Roll Out/Up	BTC 1 Aug08 35.00 Call @ -5.11			($511.00)
8/5/2008	CCL	Second Stock Position	BTO 100 CCL @ 39.89	Called	($3,989.00)
8/5/2008	CCL	Combined Cost Basis	$8,125.00 200 @ 40.63
8/5/2008	CCL	Continued Trade	STO 2 Oct08 40.00 Call @ 3.15	Expired		$630.60
9/12/2008	CCL	Dividend Received	DIV 200 Dividend @ 0.40			$80.00
10/20/2008	CCL	Interim Trade	STO 2 Nov08 32.50 Call @ 0.99	Expired		$198.60
11/24/2008	CCL	Interim Trade	STO 2 Jan09 22.50 Call @ 0.64	Expired		$128.60
12/12/2008	CCL	Dividend Received	DIV 200 Dividend @ 0.40			$80.00
1/22/2009	CCL	Interim Trade	STO 2 Feb09 22.50 Call @ 0.39	Expired		$78.60
2/24/2009	CCL	Interim Trade	STO 2 Apr09 22.50 Call @ 0.79	Closed		$158.60
4/9/2009	CCL	Buy Back and Roll Out/Up	BTC 2 Apr09 22.50 Call @ -3.29			($658.80)
4/9/2009	CCL	Interim Trade	STO 2 Jul09 25.00 Call @ 3.41	Closed		$681.20
7/17/2009	CCL	Buy Back and Roll Out/Up	BTC 2 Jul09 25.00 Call @ -1.20			($239.40)
7/17/2009	CCL	Interim Trade	STO 2 Aug09 25.00 Call @ 2.15	Closed		$430.60
8/11/2009	CCL	Buy Back and Roll Out	BTC 2 Aug09 25.00 Call @ -4.30			($859.40)
8/11/2009	CCL	Interim Trade	STO 2 Sep09 25.00 Call @ 4.60	Exercised		$920.60
9/18/2009	CCL	Option Exercised	EX 2 Sep09 25.00 Call @ 25.00		$5,000.00
9/22/2009	CCL	CSP Margin Used	CSP 200 CCL @ 30.00		($6,000.00)
9/22/2009	CCL	Combined Cost Basis	$9,125.00 200 @ 45.63
9/22/2009	CCL	Continued Trade	STO 2 Nov09 30.00 Put @ 0.91	Expired		$181.20
11/20/2009	CCL	CSP Margin Returned	CSP 200 CCL @ -30.00		$6,000.00
11/24/2009	CCL	CSP Margin Used	CSP 200 CCL @ 30.00		($6,000.00)
11/24/2009	CCL	Combined Cost Basis	$9,125.00 200 @ 45.63
11/24/2009	CCL	Continued Trade	STO 2 Dec09 30.00 Put @ 0.49			$98.60
12/18/2009	CCL		Totals		($9,125.00)	$1,655.60
DTE	595		Percent Income/Annualized		18.14%	11.13%

BHP - Adjustment

The following adjustment was made today on BHP Billiton (BHP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	BHP	CSP Margin Used	CSP 200 BHP @ 67.50		($13,500.00)
11/24/2009	BHP	Combined Cost Basis	$17,254.00 200 @ 86.27
11/24/2009	BHP	Continued Trade	STO 2 Dec09 67.50 Put @ 0.59			$117.10

Current Position Summary

CSP Margin Used	$17,254.00
Income Generated	$3,325.00
Percent Income Generated	19.27%
Annualized Income Generated	15.32%
Net Profit If Expired	-$429.00
Percent Return If Expired	-2.49%
Annualized Return If Expired	-1.98%
Days Held to Expiration	459 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
8/18/2008	BHP	Initial Stock Position	BTO 100 BHP @ 65.11	Called	($6,511.00)
8/18/2008	BHP	Initial Call Option	STO 1 Sep08 65.00 Call @ 3.00	Expired		$300.00
9/22/2008	BHP	Continued Trade	STO 1 Oct08 65.00 Call @ 3.30	Expired		$330.00
9/23/2008	BHP	Second Stock Position	BTO 100 BHP @ 62.43	Called	($6,243.00)
9/23/2008	BHP	Combined Cost Basis	$12,754.00 200 @ 63.77
9/23/2008	BHP	Initial Call Option	STO 1 Oct08 60.00 Call @ 5.10	Expired		$510.00
9/25/2008	BHP	Dividend Received	DIV 100 Dividend @ 0.82			$82.00
10/20/2008	BHP	Interim Trade	STO 2 Nov08 45.00 Call @ 1.19	Expired		$238.60
11/24/2008	BHP	Interim Trade	STO 2 Dec08 37.50 Call @ 1.57	Closed		$314.60
12/15/2008	BHP	Buy Back and Roll Out/Up	BTC 2 Dec08 37.50 Call @ -4.41			($881.40)
12/15/2008	BHP	Interim Trade	STO 2 May09 45.00 Call @ 6.39	Closed		$1,278.60
3/17/2009	BHP	Dividend Received	DIV 200 Dividend @ 0.82			$164.00
5/4/2009	BHP	Buy Back and Roll Out	BTC 2 May09 45.00 Call @ -7.01			($1,401.40)
5/4/2009	BHP	Interim Trade	STO 2 Jun09 45.00 Call @ 7.99	Exercised		$1,598.60
6/19/2009	BHP	Option Exercised	EX 2 Jun09 45.00 Call @ 45.00		$9,000.00
6/19/2009	BHP	Cash to Secure Put	CSP 200 BHP @ 47.50	Closed	($9,500.00)
6/19/2009	BHP	Combined Cost Basis	$13,254.00 200 @ 66.27
6/19/2009	BHP	Initial Put Position	STO 2 Jul09 47.50 Put @ 0.48	Closed		$96.60
7/17/2009	BHP	Buy Back and Roll Out/Up	BTC 2 Jul09 47.50 Put @ -0.06			($11.00)
7/17/2009	BHP	CSP Margin Returned	CSP 200 BHP @ -47.50		$9,500.00
7/17/2009	BHP	CSP Margin Used	CSP 200 BHP @ 50.00		($10,000.00)
7/17/2009	BHP	Combined Cost Basis	$13,754.00 200 @ 68.77
7/17/2009	BHP	Continued Trade	STO 2 Aug09 50.00 Put @ 0.74	Expired		$148.60
8/21/2009	BHP	CSP Margin Returned	CSP 200 BHP @ -50.00		$10,000.00
9/2/2009	BHP	CSP Margin Used	CSP 200 BHP @ 55.00		($11,000.00)
9/2/2009	BHP	Combined Cost Basis	$14,754.00 200 @ 73.77
9/2/2009	BHP	Continued Trade	STO 2 Oct09 55.00 Put @ 1.59	Expired		$318.60
10/16/2009	BHP	CSP Margin Returned	CSP 200 BHP @ -55.00		$11,000.00
10/20/2009	BHP	CSP Margin Used	CSP 200 BHP @ 67.50		($13,500.00)
10/20/2009	BHP	Combined Cost Basis	$17,254.00 200 @ 86.27
10/20/2009	BHP	Continued Trade	STO 2 Nov09 67.50 Put @ 1.19	Expired		$238.60
11/20/2009	BHP	CSP Margin Returned	CSP 200 BHP @ -67.50		$13,500.00
11/24/2009	BHP	CSP Margin Used	CSP 200 BHP @ 67.50		($13,500.00)
11/24/2009	BHP	Combined Cost Basis	$17,254.00 200 @ 86.27
11/24/2009	BHP	Continued Trade	STO 2 Dec09 67.50 Put @ 0.59			$117.10
12/18/2009	BHP		Totals		($17,254.00)	$3,442.10
DTE	487		Percent Income/Annualized		19.95%	14.95%

BAC - Adjustment

The following adjustment was made today on Bank of America (BAC). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
11/24/2009	BAC	Combined Cost Basis	$3,672.00 100 @ 36.72
11/24/2009	BAC	Continued Trade	STO 1 Dec09 16.00 Put @ 0.54			$54.00

Current Position Summary

CSP Margin Used	$3,672.00
Income Generated	$768.10
Percent Income Generated	20.92%
Annualized Income Generated	16.97%
Net Profit If Expired	-$1,303.90
Percent Return If Expired	-35.51%
Annualized Return If Expired	-28.80%
Days Held to Expiration	450 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/24/2008	BAC	Initial Stock Position	BTO 100 BAC @ 33.72	Called	($3,372.00)
9/24/2008	BAC	Initial Call Option	STO 1 Oct08 32.50 Call @ 3.21	Expired		$321.00
9/26/2008	BAC	Dividend Received	DIV 100 Dividend @ 0.64			$64.00
10/20/2008	BAC	Interim Trade	STO 1 Nov08 27.50 Call @ 0.73	Expired		$73.00
11/24/2008	BAC	Interim Trade	STO 1 Dec08 17.50Call @ 0.47	Expired		$47.00
12/22/2008	BAC	Interim Trade	STO 1 Jan09 16.00 Call @ 0.47	Expired		$47.00
12/26/2008	BAC	Dividend Received	DIV 100 Dividend @ 0.32			$32.00
1/22/2009	BAC	Interim Trade	STO 1 Mar09 9.00 Call @ 0.67	Expired		$67.00
3/24/2009	BAC	Interim Trade	STO 1 Apr09 9.00 Call @ 0.60	Closed		$60.00
3/27/2009	BAC	Dividend Received	DIV 100 Dividend @ 0.01			$1.00
4/14/2009	BAC	Buy Back and Roll Out/Up	BTC 1 Apr09 9.00 Call @ -1.76			($176.00)
4/14/2009	BAC	Interim Trade	STO 1 May09 10.00 Call @ 2.05	Closed		$205.00
5/15/2009	BAC	Buy Back and Roll Out/Up	BTC 1 May09 10.00 Call @ -0.73			($72.75)
5/15/2009	BAC	Interim Trade	STO 1 Jun09 11.00 Call @ 1.15	Closed		$114.55
6/18/2009	BAC	Buy Back and Roll Out	BTC 1 Jun09 11.00 Call @ -1.88			($188.00)
6/18/2009	BAC	Interim Trade	STO 1 Jul09 11.00 Call @ 2.18	Closed		$218.00
6/26/2009	BAC	Dividend Received	DIV 100 Dividend @ 0.01			$1.00
7/17/2009	BAC	Buy Back and Roll Out	BTC 1 Jul09 11.00 Call @ -1.87			($187.00)
7/17/2009	BAC	Interim Trade	STO 1 Aug09 11.00 Call @ 2.09	Closed		$209.00
8/11/2009	BAC	Buy Back and Roll Out	BTC 1 Aug09 11.00 Call @ -4.96			($496.00)
8/11/2009	BAC	Interim Trade	STO 1 Sep09 13.00 Call @ 3.14	Exercised		$314.30
9/18/2009	BAC	Option Exercised	EX 1 Sep09 13.00 Call @ 13.00		$1,300.00
9/22/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
9/22/2009	BAC	Combined Cost Basis	$3,672.00 100 @ 36.72
9/22/2009	BAC	Continued Trade	STO 1 Oct09 16.00 Put @ 0.27	Expired		$27.00
9/25/2009	BAC	Dividend Received	DIV 200 Dividend @ 0.01			$2.00
10/16/2009	BAC	CSP Margin Returned	CSP 100 BAC @ -16.00		$1,600.00
10/21/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
10/21/2009	BAC	Combined Cost Basis	$3,672.00 100 @ 36.72
10/21/2009	BAC	Continued Trade	STO 1 Nov09 16.00 Put @ 0.31	Expired		$31.00
11/20/2009	BAC	CSP Margin Returned	CSP 100 BAC @ -16.00		$1,600.00
11/24/2009	BAC	CSP Margin Used	CSP 100 BAC @ 16.00		($1,600.00)
11/24/2009	BAC	Combined Cost Basis	$3,672.00 100 @ 36.72
11/24/2009	BAC	Continued Trade	STO 1 Dec09 16.00 Put @ 0.54			$54.00
12/18/2009	BAC		Totals		($3,672.00)	$768.10
DTE	450		Percent Income/Annualized		20.92%	16.97%

AXP - Adjustment

The following adjustment was made today on American Express (AXP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	AXP	CSP Margin Used	CSP 200 AXP @ 39.00		($7,800.00)
11/24/2009	AXP	Combined Cost Basis	$13,800.00 200 @ 69.00
11/24/2009	AXP	Continued Trade	STO 2 Dec09 39.00 Put @ 0.52			$104.60

Current Position Summary

CSP Margin Used	$13,800.00
Income Generated	$2,965.40
Percent Income Generated	21.49%
Annualized Income Generated	10.44%
Net Profit If Expired	-$3,034.60
Percent Return If Expired	-21.99%
Annualized Return If Expired	-10.69%
Days Held to Expiration	751 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/28/2007	AXP	Initial Stock Position	BTO 100 AXP @ 56.74	Called	($5,674.00)
11/28/2007	AXP	Initial Call Option	STO 1 Dec07 55.00 Call @ 3.21	Expired		$321.00
1/7/2008	AXP	Continued Trade	STO 1 Feb08 55.00 Call @ 0.69	Expired		$69.00
2/8/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
2/21/2008	AXP	Interim Trade	STO 1 Apr08 50.00 Call @ 0.89	Expired		$89.00
4/25/2008	AXP	Interim Trade	STO 1 May08 50.00 Call @ 0.30	Expired		$30.00
5/9/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
5/19/2008	AXP	Interim Trade	STO 1 Jul08 50.00 Call @ 2.65	Expired		$265.00
7/23/2008	AXP	Interim Trade	STO 1 Aug08 42.50 Call @ 0.60	Expired		$60.00
8/8/2008	AXP	Dividend Received	DIV 100 Dividend @ 0.18			$18.00
8/22/2008	AXP	Interim Trade	STO 1 Sep08 42.50 Call @ 0.28	Closed		$28.00
9/12/2008	AXP	Buy Back & Roll Out	BTC 1 Sep08 42.50 Call @ -0.16			($16.00)
9/12/2008	AXP	Interim Trade	STO 1 Oct08 42.50 Call @ 0.79	Expired		$79.00
9/23/2008	AXP	Second Stock Position	BTO 100 AXP @ 37.26	Called	($3,726.00)
9/23/2008	AXP	Combined Cost Basis	$9,400.00 200 @ 47.00
9/23/2008	AXP	Initial Call Option	STO 1 Oct08 35.00 Call @ 3.67	Expired		$367.00
10/20/2008	AXP	Interim Trade	STO 2 Nov08 27.50 Call @ 1.22	Expired		$244.60
11/10/2008	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
11/24/2008	AXP	Interim Trade	STO 2 Dec08 25.00 Call @ 0.54	Expired		$108.60
12/22/2008	AXP	Interim Trade	STO 2 Jan09 22.50 Call @ 0.31	Expired		$61.20
1/27/2009	AXP	Interim Trade	STO 2 Feb09 17.50 Call @ 0.66	Expired		$131.20
2/10/2009	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
2/24/2009	AXP	Interim Trade	STO 2 Mar09 15.00 Call @ 0.34	Expired		$68.60
3/24/2009	AXP	Interim Trade	STO 2 May09 17.50 Call @ 0.84	Closed		$168.60
5/4/2009	AXP	Buy Back and Roll Out	BTC 2 May09 17.50 Call @ -8.90			($1,779.40)
5/4/2009	AXP	Interim Trade	STO 2 Jun09 17.00 Call @ 9.49	Exercised		$1,898.60
5/8/2009	AXP	Dividend Received	DIV 200 Dividend @ 0.18			$36.00
6/19/2009	AXP	Option Exercised	EX 2 Jun09 17.00 Call @ 17.00		$3,400.00
6/19/2009	AXP	CSP Margin Used	CSP 200 AXP @ 21.00	Closed	($4,200.00)
6/19/2009	AXP	Combined Cost Basis	$10,200.00 200 @ 51.00
6/19/2009	AXP	Initial Put Position	STO 2 Jul09 21.00 Put @ 0.29	Closed		$58.60
7/17/2009	AXP	Buy Back and Roll Out/Up	BTC 2 Jul09 21.00 Put @ -0.06			($11.00)
7/17/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -21.00		$4,200.00
7/17/2009	AXP	CSP Margin Used	CSP 200 AXP @ 25.00		($5,000.00)
7/17/2009	AXP	Combined Cost Basis	$11,000.00 200 @ 55.00
7/17/2009	AXP	Continued Trade	STO 2 Aug09 25.00 Put @ 0.70	Expired		$140.60
8/21/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -25.00		$5,000.00
9/2/2009	AXP	CSP Margin Used	CSP 200 AXP @ 29.00		($5,800.00)
9/2/2009	AXP	Combined Cost Basis	$11,800.00 200 @ 59.00
9/2/2009	AXP	Continued Trade	STO 2 Oct09 29.00 Put @ 1.08	Expired		$216.00
10/16/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -29.00		$5,800.00
10/23/2009	AXP	CSP Margin Used	CSP 200 AXP @ 33.00		($6,600.00)
10/23/2009	AXP	Combined Cost Basis	$12,600.00 200 @ 63.00
10/23/2009	AXP	Continued Trade	STO 2 Nov09 33.00 Put @ 0.50	Expired		$100.60
11/20/2009	AXP	CSP Margin Returned	CSP 200 AXP @ -33.00		$6,600.00
11/24/2009	AXP	CSP Margin Used	CSP 200 AXP @ 39.00		($7,800.00)
11/24/2009	AXP	Combined Cost Basis	$13,800.00 200 @ 69.00
11/24/2009	AXP	Continued Trade	STO 2 Dec09 39.00 Put @ 0.52			$104.60
12/18/2009	AXP		Totals		($13,800.00)	$2,965.40
DTE	751		Percent Income/Annualized		21.49%	10.44%

ADP - Adjustment

The following adjustment was made today on Automatic Data Processing (ADP). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/24/2009	ADP	CSP Margin Used	CSP 100 ADP @ 43.00		($4,300.00)
11/24/2009	ADP	Combined Cost Basis	$4,908.00 100 @ 49.08
11/24/2009	ADP	Continued Trade	STO 1 Dec09 43.00 Put @ 0.52			$51.75

Current Position Summary

CSP Margin Used	$4,908.00
Income Generated	$977.60
Percent Income Generated	19.92%
Annualized Income Generated	16.12%
Net Profit If Expired	$369.60
Percent Return If Expired	7.53%
Annualized Return If Expired	6.09%
Days Held to Expiration	451 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/23/2008	ADP	Initial Stock Position	BTO 100 ADP @ 43.08	Called	($4,308.00)
9/23/2008	ADP	Initial Call Option	STO 1 Oct08 42.50 Call @ 1.75	Expired		$175.00
10/20/2008	ADP	Interim Trade	STO 1 Nov08 37.50 Call @ 0.84	Expired		$84.00
11/24/2008	ADP	Interim Trade	STO 1 Dec08 40.00 Call @ 0.46	Expired		$46.00
12/22/2008	ADP	Continued Trade	STO 1 Feb09 42.50 Call @ 0.91	Expired		$91.00
1/1/2009	ADP	Dividend Received	DIV 100 Dividend @ 0.33			$33.00
2/24/2009	ADP	Interim Trade	STO 1 Apr09 37.50 Call @ 0.75	Expired		$75.00
4/1/2009	ADP	Dividend Received	DIV 100 Dividend @ 0.33			$33.00
4/21/2009	ADP	Interim Trade	STO 1 May09 39.00 Call @ 0.34	Expired		$34.00
5/18/2009	ADP	Interim Trade	STO 1 Jun09 37.00 Call @ 0.59	Closed		$59.00
6/8/2009	ADP	Buy Back and Roll Out	BTC 1 Jun09 37.00 Call @ -1.30			($130.00)
6/8/2009	ADP	Interim Trade	STO 1 Jul09 37.00 Call @ 1.74	Expired		$174.00
7/1/2009	ADP	Dividend Received	DIV 100 Dividend @ 0.33			$33.00
7/23/2009	ADP	Continued Trade	STO 1 Aug09 37.50 Call @ 0.36	Closed		$36.00
8/11/2009	ADP	Buy Back and Roll Out	BTC 1 Aug09 37.50 Call @ -0.76			($76.00)
8/11/2009	ADP	Continued Trade	STO 1 Sep09 37.00 Call @ 1.43	Exercised		$143.30
9/8/2009	ADP	Option Exercised	EX 1 Sep09 37.00 Call @ 37.00		$3,700.00
9/10/2009	ADP	CSP Margin Used	CSP 100 ADP @ 37.00		($3,700.00)
9/10/2009	ADP	Combined Cost Basis	$4,308.00 100 @ 43.08
9/10/2009	ADP	Continued Trade	STO 1 Oct09 37.00 Put @ 0.62	Expired		$62.30
10/16/2009	ADP	CSP Margin Returned	CSP 100 ADP @ -37.00		$3,700.00
10/20/2009	ADP	CSP Margin Used	CSP 100 ADP @ 39.00		($3,900.00)
10/20/2009	ADP	Combined Cost Basis	$4,508.00 100 @ 45.08
10/20/2009	ADP	Continued Trade	STO 1 Nov09 39.00 Put @ 0.53	Expired		$53.25
11/20/2009	ADP	CSP Margin Returned	CSP 100 ADP @ -39.00		$3,900.00
11/24/2009	ADP	CSP Margin Used	CSP 100 ADP @ 43.00		($4,300.00)
11/24/2009	ADP	Combined Cost Basis	$4,908.00 100 @ 49.08
11/24/2009	ADP	Continued Trade	STO 1 Dec09 43.00 Put @ 0.52			$51.75
12/18/2009	ADP		Totals		($4,908.00)	$977.60
DTE	451		Percent Income/Annualized		19.92%	16.12%

TLT-TBT Pair - Adjustment

Since the TLT-TBT pair trade is synthetically equivilent to a Naked Short Strangle on TLT, which is a completely different strategy from my normal CC/CSP positions, I've decided to keep it as a separate position, rather than merge it into my long term TLT position as I originally planned. By keeping it separate, I can better judge how this particular strategy is performing. The Position Summary will also be slightly different and will only include the amount/percentage of income generated.

As mentioned in this months results, there was quite a bit of tracking error between TLT and TBT, with TLT down $1.65 or -1.71%, and TBT up only $0.06 or 0.13%. TBT attempts to correspond to twice the daily inverse of TLT, and does a pretty good job of it on a daily basis. However, over a longer period of time it does not correspond to twice the inverse, as the results above show. Therefore, TBT is not a perfect hedge for TLT.

This position is not an attempt to hedge against a drop in TLT, but rather to take advantage of a trading range, which is what a Naked Short Strangle attempts to do. A Naked Short Strangle on TLT would normally consist of a selling a naked put below the current price and selling a naked call above the current price. Since selling naked calls is not allowed in an IRA, an alternative is to sell a naked put on TLT and a naked put on TBT, which is what this position does.

The following adjustment was made today on the iShares 20+ Year Treasury (TLT) and ProShares UltraShort 20+ Year Treasury (TBT) pair trade . All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/20/2009	TLT	CSP Margin Returned	CSP 100 TLT @ -94.00		$9,400.00
11/20/2009	TBT	CSP Margin Returned	CSP 100 TBT @ -43.00		$4,300.00
11/23/2009	TLT	CSP Margin Used	CSP 100 TLT @ 93.00		($9,300.00)
11/23/2009	TLT	Continued Trade	STO 1 Jan10 93.00 Put @ 1.35			$134.75
11/23/2009	TBT	CSP Margin Used	CSP 100 TBT @ 44.00		($4,400.00)
11/23/2009	TBT	Continued Trade	STO 1 Jan10 44.00 Put @ 0.90			$90.00

Current Position Summary

CSP Margin Used	$13,700.00
Income Generated	$467.75
Percent Income Generated	3.41%
Annualized Income Generated	11.13%
Days Held to Expiration	112 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/25/2009	TLT	CSP Margin Used	CSP 100 TLT @ 94.00		($9,400.00)
9/25/2009	TLT	Initial Put Option	STO 1 Nov09 94.00 Put @ 1.19	Expired		$119.00
9/25/2009	TBT	CSP Margin Used	CSP 100 TBT @ 43.00		($4,300.00)
9/25/2009	TBT	Initial Put Option	STO 1 Nov09 43.00 Put @ 1.24	Expired		$124.00
11/20/2009	TLT	CSP Margin Returned	CSP 100 TLT @ -94.00		$9,400.00
11/20/2009	TBT	CSP Margin Returned	CSP 100 TBT @ -43.00		$4,300.00
11/23/2009	TLT	CSP Margin Used	CSP 100 TLT @ 93.00		($9,300.00)
11/23/2009	TLT	Continued Trade	STO 1 Jan10 93.00 Put @ 1.35			$134.75
11/23/2009	TBT	CSP Margin Used	CSP 100 TBT @ 44.00		($4,400.00)
11/23/2009	TBT	Continued Trade	STO 1 Jan10 44.00 Put @ 0.90			$90.00
1/15/2010	TLT-TBT		Totals		($13,700.00)	$467.75
DTE	112		Percent Income/Annualized		3.41%	11.13%

VMC - Adjustment

The following adjustment was made today on Vulcan Materials (VMC). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/20/2009	VMC	CSP Margin Returned	CSP 200 VMC @ -50.00		$10,000.00
11/20/2009	VMC	Option Exercised	EX 2 Nov09 50.00 Put @ -50.00		($10,000.00)
11/20/2009	VMC	Combined Cost Basis	$16,005.00 200 @ 80.03
11/23/2009	VMC	Continued Trade	STO 2 Dec09 50.00 Call @ 2.05			$410.60

Current Position Summary

Stock Investment	$16,005.00
Income Generated	$2,889.40
Percent Income Generated	18.05%
Annualized Income Generated	11.40%
Net Profit If Called	-$3,115.60
Percent Return If Called	-19.47%
Annualized Return If Called	-12.29%
Days Held to Expiration	578 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2008	VMC	Initial Stock Position	BTO 100 VMC @ 83.94	Called	($8,394.00)
5/19/2008	VMC	Initial Call Option	STO 1 Jun08 85.00 Call @ 3.09	Expired		$309.00
6/10/2008	VMC	Dividend Received	DIV 100 Dividend @ 0.49			$49.00
7/7/2008	VMC	Interim Trade	STO 1 Aug08 65.00 Call @ 0.85	Closed		$85.00
8/13/2008	VMC	Buy Back and Roll Out/Up	BTC 1 Aug08 65.00 Call @ -4.50			($450.00)
8/13/2008	VMC	Interim Trade	STO 1 Nov08 70.00 Call @ 6.80	Expired		$680.00
9/10/2008	VMC	Dividend Received	DIV 100 Dividend @ 0.49			$49.00
11/24/2008	VMC	Interim Trade	STO 1 Dec08 55.00 Call @ 0.99	Closed		$99.00
12/9/2008	VMC	Buy Back and Roll Out/Up	BTC 1 Dec08 55.00 Call @ -21.41			($2,141.00)
12/9/2008	VMC	Second Stock Position	BTO 100 VMC @ 76.11	Called	($7,611.00)
12/9/2008	VMC	Combined Cost Basis	$16,005.00 200 @ 80.03
12/9/2008	VMC	Interim Trade	STO 2 May09 80.00 Call @ 10.31	Closed		$2,062.60
12/10/2008	VMC	Dividend Received	DIV 100 Dividend @ 0.49			$49.00
2/12/2009	VMC	Buy Back and Roll In/Down	BTC 2 May09 80.00 Call @ -0.14			($28.80)
2/12/2009	VMC	Interim Trade	STO 2 Mar09 55.00 Call @ 0.54	Expired		$108.60
3/10/2009	VMC	Dividend Received	DIV 200 Dividend @ 0.49			$98.00
3/24/2009	VMC	Interim Trade	STO 2 May09 45.00 Call @ 2.21	Closed		$441.20
5/4/2009	VMC	Buy Back and Roll Out	BTC 2 May09 45.00 Call @ -5.80			($1,159.40)
5/4/2009	VMC	Interim Trade	STO 2 Jun09 45.00 Call @ 6.50	Expired		$1,300.60
6/10/2009	VMC	Dividend Received	DIV 200 Dividend @ 0.49			$98.00
6/24/2009	VMC	Interim Trade	STO 2 Jul09 50.00 Call @ 0.35	Expired		$70.60
7/23/2009	VMC	Interim Trade	STO 2 Aug09 50.00 Call @ 0.84	Closed		$168.60
8/11/2009	VMC	Buy Back and Roll Out	BTC 2 Aug09 50.00 Call @ -0.90			($179.40)
8/11/2009	VMC	Interim Trade	STO 2 Sep09 50.00 Call @ 1.84	Exercised		$368.60
9/10/2009	VMC	Dividend Received	DIV 200 Dividend @ 0.25			$50.00
9/18/2009	VMC	Option Exercised	EX 2 Sep09 50.00 Call @ 50.00		$10,000.00
9/22/2009	VMC	CSP Margin Used	CSP 200 VMC @ 50.00		($10,000.00)
9/22/2009	VMC	Combined Cost Basis	$16,005.00 200 @ 80.03
9/22/2009	VMC	Continued Trade	STO 2 Nov09 50.00 Put @ 1.75	Exercised		$350.60
11/20/2009	VMC	CSP Margin Returned	CSP 200 VMC @ -50.00		$10,000.00
11/20/2009	VMC	Option Exercised	EX 2 Nov09 50.00 Put @ -50.00		($10,000.00)
11/20/2009	VMC	Combined Cost Basis	$16,005.00 200 @ 80.03
11/23/2009	VMC	Continued Trade	STO 2 Dec09 50.00 Call @ 2.05			$410.60
12/18/2009	VMC		Totals		($16,005.00)	$2,889.40
DTE	578		Percent Income/Annualized		18.05%	11.40%

TGT - Adjustment

The following adjustment was made today on Target (TGT). All prices include IB commissions.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2009	TGT	CSP Margin Used	CSP 100 TGT @ 46.00		($4,600.00)
11/23/2009	TGT	Combined Cost Basis	$6,137.00 100 @ 61.37
11/23/2009	TGT	Continued Trade	STO 1 Dec09 46.00 Put @ 0.81			$81.00

Current Position Summary

CSP Margin Used	$6,137.00
Income Generated	$1,575.48
Percent Income Generated	25.67%
Annualized Income Generated	12.48%
Net Profit If Expired	$38.48
Percent Return If Expired	0.63%
Annualized Return If Expired	0.30%
Days Held to Expiration	741 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/28/2007	TGT	Initial Stock Position	BTO 100 TGT @ 59.37	Called	($5,937.00)
11/28/2007	TGT	Initial Call Option	STO 1 Dec07 55.00 Call @ 5.66	Expired		$566.00
1/7/2008	TGT	Continued Trade	STO 1 Feb07 55.00 Call @ 0.84	Expired		$84.00
2/21/2008	TGT	Continued Trade	STO 1 Mar08 55.00 Call @ 1.44	Expired		$144.00
3/10/2008	TGT	Dividend Received	DIV 100 Dividend @ 0.14			$14.00
3/25/2008	TGT	Continued Trade	STO 1 Apr08 55.00 Call @ 1.31	Expired		$131.00
4/23/2008	TGT	Interim Trade	STO 1 May08 55.00 Call @ 0.62	Closed		$62.00
5/16/2008	TGT	Buy Back & Roll Out/Up	BTC 1 May08 55.00 Call @ -0.11			($11.00)
5/19/2008	TGT	Continued Trade	STO 1 Jun08 57.50 Call @ 1.21	Expired		$121.00
6/10/2008	TGT	Dividend Received	DIV 100 Dividend @ 0.14			$14.00
7/7/2008	TGT	Continued Trade	STO 1 Jul08 50.00 Call @ 0.58	Expired		$58.00
7/22/2008	TGT	Continued Trade	STO 1 Sep08 50.00 Call @ 1.25	Closed		$125.00
9/10/2008	TGT	Dividend Received	DIV 100 Dividend @ 0.16			$16.00
9/12/2008	TGT	Buy Back & Roll Out/Up	BTC 1 Sep08 50.00 Call @ -6.80			($680.00)
9/12/2008	TGT	Continued Trade	STO 1 Oct08 57.50 Call @ 2.62	Expired		$262.30
10/20/2008	TGT	Interim Trade	STO 1 Nov08 45.00 Call @ 1.18	Expired		$118.30
11/24/2008	TGT	Interim Trade	STO 1 Dec08 35.00 Call @ 1.39	Expired		$139.30
12/10/2008	TGT	Dividend Received	DIV 100 Dividend @ 0.16			$16.00
12/22/2008	TGT	Interim Trade	STO 1 Feb09 40.00 Call @ 1.41	Expired		$140.85
2/24/2009	TGT	Interim Trade	STO 1 Mar09 30.00 Call @ 0.76	Closed		$76.30
3/10/2009	TGT	Dividend Received	DIV 100 Dividend @ 0.16			$16.00
3/20/2009	TGT	Buy Back & Roll Out/Up	BTC 1 Mar09 30.00 Call @ -0.39			($39.42)
3/20/2009	TGT	Interim Trade	STO 1 Apr09 32.50 Call @ 0.93	Closed		$93.30
4/9/2009	TGT	Buy Back & Roll Out/Up	BTC 1 Apr09 32.50 Call @ -7.41			($740.70)
4/9/2009	TGT	Interim Trade	STO 1 Jul09 40.00 Call @ 3.89	Expired		$389.25
6/10/2009	TGT	Dividend Received	DIV 100 Dividend @ 0.16			$16.00
7/23/2009	TGT	Interim Trade	STO 1 Aug09 44.00 Call @ 0.99	Closed		$99.00
8/12/2009	TGT	Buy Back and Roll Out	BTC 1 Aug09 44.00 Call @ -0.49			($49.00)
8/12/2009	TGT	Interim Trade	STC 1 Sep09 44.00 Call @ 1.23	Exercised		$123.00
9/10/2009	TGT	Dividend Received	DIV 100 Dividend @ 0.17			$17.00
9/18/2009	TGT	Option Exercised	EX 1 Sep09 44.00 Call @ 44.00		$4,400.00
9/22/2009	TGT	CSP Margin Used	CSP 100 TGT @ 46.00		($4,600.00)
9/22/2009	TGT	Combined Cost Basis	$6,137.00 100 @ 61.37
9/22/2009	TGT	Continued Trade	STO 1 Nov09 46.00 Put @ 1.73	Expired		$173.00
11/20/2009	TGT	CSP Margin Returned	CSP 100 TGT @ -46.00		$4,600.00
11/23/2009	TGT	CSP Margin Used	CSP 100 TGT @ 46.00		($4,600.00)
11/23/2009	TGT	Combined Cost Basis	$6,137.00 100 @ 61.37
11/23/2009	TGT	Continued Trade	STO 1 Dec09 46.00 Put @ 0.81			$81.00
12/18/2009	TGT		Totals		($6,137.00)	$1,575.48
DTE	751		Percent Income/Annualized		25.67%	12.48%