December 31, 2012 Update

    Cash:                             $ (4,703.42)
    Accrued Dividends:                     190.00
    Interest Accruals:                      (8.70)
    Stocks:                            121,134.05
    Options:                            (8,853.20)

  Account Value:                      $107,758.73

  Equity:                             $116,655.24
  Margin Requirement:                   80,536.67
  Available Funds:                      36,118.57

  Regulation T Margin Requirement:     110,376.90
  Special Memorandum Acct:              23,035.14

The account value of $107,758.73 compares with the value a month earlier of  $112,716.23, a return of -4.40%. However, this does not take into account $7,500.00 withdrawn from the account during the month. Adding this in to the final value gives a return for the month of 2.26%.

This compares with the change in the S&P 500 Index from 1,416.18 to 1,426.19. Adding an estimate of a quarter percent dividend payment (one twelfth of 3%), this gives a return of 0.96% for the S&P 500, so my portfolio outperformed the market in the month of December.

December 31, 2012 Trades and Update

Opened:
 Pos    Symbol                   Price     Comm       Net
 -3    DOW 22JUN13 25.0 P         0.68     1.15     (202.85)

 -4    JPM 21SEP13 25.0 P         0.40     1.53     (158.47)

Also on December 31, $10.00 in dividends were paid on 100 shares of FTR.

December 28, 2012 Trade and Update

Opened:
 Pos    Symbol                   Price     Comm       Net
 -1    FTR 17AUG13 5.0 C          0.15     0.26      (14.74)

Also on December 28, $172.00 in dividends were paid on 400 shares of ARCC.

December 27, 2012 Trades

Opened:
 Pos    Symbol                   Price     Comm       Net
 -2    CVS 17AUG13 35.0 P         0.41     1.52      (80.48)

 -3    LLY 16FEB13 47.0 P         0.38     2.29     (111.71)
 -2    PNC 17AUG13 40.0 P         0.58     0.76     (115.24)

 -2    PSX 17AUG13 35.0 P         1.10    -0.07     (220.07)

 -3    RIG 17AUG13 30.0 P         0.75     1.15     (223.85)

December 26, 2012 Trades and Update

Opened:
 Pos    Symbol                   Price     Comm       Net
 -2    ABT 17AUG13 50.0 P         0.52     0.76     (103.24)

 -3    AFL 17AUG13 40.0 P         1.05     1.15     (313.85)

 -2    RIG 16FEB13 47.0 C         1.07     1.53     (212.47)

 -1    UNP 17AUG13 100.0 P        2.52     0.69     (251.31)

Also on December 26, $102.00 in dividends were paid on 200 shares of CSE. Part of this was from a $0.50 per share bonus dividend, which resulted in the CSE 19-Jan-13 7.0 call options to have their strike price reduced to $6.50.

December 24, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -4    MCHP 16FEB13 30.0 P        0.40    -0.15     (160.15)