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 However, this does not take into account $7,500.00 withdrawn from the account during the month.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)

December 21, 2012 Options Expirations and Update

Closed:
 Pos    Symbol                   Price     Comm       Net
 -2 RIG 22DEC12 47.0 C            0.00     0.00        0.00
     Basis 11/19/2012:                              (199.22)
     Profit/(Loss):                                  199.22

 -5 CREE 22DEC12 15.0 P           0.00     0.00        0.00
     Basis 05/21/2012:                              (473.57)
     Profit/(Loss):                                  473.57

     Value 08/31/2012:                               (68.97)

     Post-August Profit/(Loss):                       68.97

 -4 DOW 22DEC12 25.0 P            0.00     0.00        0.00
     Basis 04/26/2012:                              (338.85)
     Profit/(Loss):                                  338.85

     Value 08/31/2012:                              (248.12)

     Post-August Profit/(Loss):                      248.12

 -3 NE 22DEC12 30.0 P             0.00     0.00        0.00
     Basis 04/23/2012:                              (496.72)
     Profit/(Loss):                                  496.72

     Value 08/31/2012:                              (199.08)

     Post-August Profit/(Loss):                      199.08

 -3 POT 22DEC12 32.5 P            0.00     0.00        0.00
     Basis 04/23/2012:                              (387.82)
     Profit/(Loss):                                  387.82

     Value 08/31/2012:                              (150.20)

     Post-August Profit/(Loss):                      150.20


 -5 TIE 22DEC12 10.0 P            0.00     0.00        0.00
     Basis 04/23/2012:                              (222.37)
     Profit/(Loss):                                  222.37

     Value 08/31/2012:                              (142.82)

     Post-August Profit/(Loss):                      142.82

Also since the last update, $7,500.00 was withdrawn from the account on December 4, $112.50 in dividends was paid on December 1 for 500 shares INTC, $82.50 was paid December 12 on 300 shares WAG, $142.00 was paid December 14 on 400 shares WM, $172.00 in dividends became payable December 12 on 400 shares ARCC, $102.00 became payable December 18 on 200 shares CSE, $10.00 became payable December 5 on 100 shares FTR, $190.00 became payable December 20 on 1,000 shares GE, $6.56 interest accrued and $8.33 was paid.

November 30, 2012 Update

    Cash:                             $     15.48
    Accrued Dividends:                     337.00
    Interest Accruals:                      (7.50)
    Stocks:                            120,665.58
    Options:                            (8,294.33)

  Account Value:                      $112,716.23

  Equity:                             $120,912.18
  Margin Requirement:                   73,669.98
  Available Funds:                      47,242.20

  Regulation T Margin Requirement:     102,157.88
  Special Memorandum Acct:              37,567.91

The account value of $112,716.23 compares with the value a month earlier of  $114,712.06, a return of -1.74%. 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 0.44%.

This compares with the change in the S&P 500 Index from 1,412.16 to 1,416.18. Adding an estimate of a quarter percent dividend payment (one twelfth of 3%), this gives a return of 0.53% for the S&P 500, so my portfolio underperformed the market in the month of November.

November 30, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -2    HES 18MAY13 37.5 P         0.85     1.52     (168.48)

November 29, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -4    MDT 18MAY13 30.0 P         0.20     1.52      (78.48)

November 28, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -3    WFC 20JUL13 25.0 P         0.57     1.14     (169.86)

November 27, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -3    KSS 20JUL13 40.0 P         1.05     3.70     (311.30)

November 26, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -2    TGT 20JUL13 50.0 P         0.82     0.76     (163.24)

November 23, 2012 Trade

Opened:
 Pos    Symbol                   Price     Comm       Net
 -2    FDX 20JUL13 65.0 P         1.15     0.76     (229.24)

November 19, 2012 Trades

Opened:
 Pos    Symbol                   Price     Comm       Net
 -4    BMY 19JAN13 33.0 C         0.35     3.04     (136.96)

 -2    RIG 22DEC13 47.0 C         1.00     0.78     (199.22)

November 16, 2012 Options Expirations and Update

Closed:
 Pos    Symbol                   Price     Comm       Net
 -4 BMY 17NOV12 35.0 C            0.00     0.00        0.00
     Basis 10/19/2012:                               (64.96)
     Profit/(Loss):                                   64.96


 -2 RIG 17NOV12 50.0 C            0.00     0.00        0.00
     Basis 10/19/2012:                              (231.24)
     Profit/(Loss):                                  231.24


 -2 COP1 17NOV12 60.0 P           0.00     0.00        0.00
     Basis 03/22/2012:                              (294.55)
     Profit/(Loss):                                  294.55


     Value 08/31/2012:                               (43.43)

     Post-August Profit/(Loss):                       43.43


 -2 HES 17NOV12 40.0 P           0.00     0.00        0.00
     Basis 03/22/2012:                              (347.08)
     Profit/(Loss):                                  347.08


     Value 08/31/2012:                              (145.47)

     Post-August Profit/(Loss):                      145.47


 -2 MDT 17NOV12 29.0 P           0.00     0.00        0.00
     Basis 03/23/2012:                              (225.10)
     Profit/(Loss):                                  225.10


     Value 08/31/2012:                               (44.41)

     Post-August Profit/(Loss):                       44.41

Also since the last update, $112.40 in dividends was paid on November 15 for 200 shares of PG, and $8.98 interest accrued and $3.98 was paid.

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 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.

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.