October 31, 2012 Update

    Cash:                             $(10,702.86)
    Accrued Dividends:                     454.40
    Interest Accruals:                      (2.50)
    Stocks:                            132,831.48
    Options:                            (7,868.46)

  Account Value:                      $114,712.06

  Equity:                             $122,450.40
  Margin Requirement:                   69,555.99
  Available Funds:                      52,894.41

  Regulation T Margin Requirement:     101,076.94
  Special Memorandum Acct:              38,138.34

Interest of $2.50 accrued on margin loan since the last update.

The account value of $114,712.06 compares with the value a month earlier of  $115,859.78, a return of -0.99%. However, this does not take into account $2,500.00 withdrawn from the account during the month. Adding this in to the final value gives a return for the month of 1.17%.

This compares with the change in the S&P 500 Index from 1,440.67 to 1,412.16. Adding an estimate of a quarter percent dividend payment (one twelfth of 3%), this gives a return of -1.73% for the S&P 500, so my portfolio outperformed the market in the month of October.