November 9, 2012 Trades

Closed:
 Pos    Symbol                   Price     Comm       Net
 400 STX SEAGATE TECH PLC        29.61     0.24   11,623.76
     Basis 10/19/2012:                            11,160.00 
     Profit/(Loss):                                  463.76

 -4 STX 17NOV12 27.0 C            2.61     0.00   (1,044.00)
     Basis 10/22/2012:                              (796.95)
     Profit/(Loss):                                 (247.05)

Opened:

 Pos    Symbol                   Price     Comm       Net
 -5 STX 19JAN13 24.0 P            0.38     3.80     (186.20)

The STX call options were exercised against me prior to their expiration date in order to capture a dividend with ex-dividend date of October 9.

November 7, 2012 Trade and Update

Opened:
 Pos    Symbol                   Price     Comm       Net

 -5    CE 22JUN13 25.0 P          0.65    (0.20)     (325.20)

On November 2, $2,500.00 was withdrawn from the account.

On November 1, $136.00 was paid on 400 shares of BMY; on November 5, a dividend of $112.50 became payable December 1 on 500 shares of INTC; on November 7, $82.51 became payable December 12 on 300 shares of WAG; and since the last update $3.98 in accrued interest was paid and an additional $4.92 interest was accrued.

October 25, 2012 Trade and Update

Opened:
 Pos    Symbol                   Price     Comm       Net

 -2    NSC 22JUN13 50.0 P         1.35     0.02     (269.98)

Also on October 25, a $170.00 dividend was paid on 1,000 shares of GE.

September 28, 2012 Update

    Cash:                             $ 13,486.80
    Accrued Dividends:                     170.20
    Stocks:                            113,092.42
    Options:                           (10,889.64)

  Account Value:                      $115,859.78

  Equity:                             $126,758.40
  Margin Requirement:                   73,386.51
  Available Funds:                      53,371.89

  Regulation T Margin Requirement:     100,002.19
  Special Memorandum Acct:              43,539.31

On September 29, a $172.00 dividend was paid for 400 shares of ARCC; $2.00 was paid for 200 shares of CSE; and $10.00 was paid for 100 shares of FTR.

The account value of $115,859.78 compares with the value a month earlier of  $114,037.23, a return of 1.60%. This compares, however, with the change in the S&P 500 Index from 1,406.58 to 1,440.67. Adding an estimate of a quarter percent dividend payment (one twelfth of 3%), this gives a return of 2.67% for the S&P 500, so my portfolio underperformed the market in the month of September. This is not too surprising to me because the market did very well during the month, and my strategy is designed to start to bail out when the market does particularly well.

September 21, 2012 Options Expirations and Update

Closed:
 Pos    Symbol                   Price     Comm       Net
 -4 BMY 22SEP12 34.0 C            0.00     0.00        0.00
     Basis 05/21/2012:                              (345.09)
     Profit/(Loss):                                  345.09

     Value 08/31/2012:                               (53.43)
     Post-August Profit/(Loss):                       53.43


 -2 RIG 22SEP12 50.0 C            0.00     0.00        0.00
     Basis 08/20/2012:                              (274.48)
     Profit/(Loss):                                  274.48

     Value 08/31/2012:                              (224.17)
     Post-August Profit/(Loss):                      224.17


 -3 CE 22SEP12 30.0 P             0.00     0.00        0.00
     Basis 02/23/2012:                              (222.94)
     Profit/(Loss):                                  222.94

     Value 08/31/2012:                                (3.72)
     Post-August Profit/(Loss):                        3.72


 -2 EMR 22SEP12 35.0 P            0.00     0.00        0.00
     Basis 03/23/2012:                               (89.35)
     Profit/(Loss):                                   89.35

     Value 08/31/2012:                                (0.01)
     Post-August Profit/(Loss):                        0.01


 -2 NSC 22SEP12 60.0 P            0.00     0.00        0.00
     Basis 01/23/2012:                              (418.94)
     Profit/(Loss):                                  418.94

     Value 08/31/2012:                                (0.59)
     Post-August Profit/(Loss):                        0.59


 -1 V 22SEP12 90.0 P              0.00     0.00        0.00
     Basis 01/23/2012:                              (533.97)
     Profit/(Loss):                                  533.97

     Value 08/31/2012:                                (0.00)
     Post-August Profit/(Loss):                        0.00

Also since the last update, effective September 20 a $170.00 dividend became payable for 1,000 shares of GE, and on September 21 a $142.01 dividend was paid on 400 shares of WM.

September 19, 2012 Trades and Update

Closed:
 Pos    Symbol                   Price     Comm       Net
 -4    GE 22SEP12 20.0 C          2.49     3.79    (2,493.79)
     Basis 01/20/2012:                             (1,002.74)
     Profit/(Loss):                                (1,491.05)

     Value 08/31/2012:                              (827.26)
     Post-August Profit/(Loss):                    (1,646.23)

Opened:
 Pos    Symbol                   Price     Comm       Net
 -4    GE 16MAR13 21.0 C          1.89     9.48    (1,880.52)

This pair of transactions was made in advance of an GE ex-dividend date of September 20, with a dividend amount of $0.17 per share.

Also since the last update, effective September 12 a $172.00 dividend became payable for 400 shares of ARCC and a $2.00 dividend became payable for 200 shares of CSE, and an $82.50 dividend was paid on September 12 for 300 shares of WAG.

September 11, 2012 Trades and Update

Closed:
 Pos    Symbol                   Price     Comm       Net
 -4    ARCC 22SEP12 16.0 C        1.70     0.04     (680.04)
     Basis 06/18/2012:                              (117.09)
     Profit/(Loss):                                 (562.95)

     Value 08/31/2012:                              (519.80)
     Post-August Profit/(Loss):                     (160.24)

Opened:
 Pos    Symbol                   Price     Comm       Net
 -4    ARCC 16MAR13 17.0 C        0.85     0.04     (339.96)

This pair of transactions was made in advance of an ARCC ex-dividend date of September 12, with a dividend amount of $0.43 per share, consisting of $0.38 regular dividend and $0.05 special dividend.

Also since the last update, effective September 5 a $10.00 dividend became payable  for 100 shares of FTR and a $142.00 dividend became payable for 400 shares of WM.