May 2012 Options

		Date 5/18/12							April Options		Value of
Ticker	Buy back price	Purchase Price	Price	P-PP=Buy	Buy Back	# of Shares	Contracts	Strike	Bid P/S (3/18)	Option Value	Stocks owned
AFL	42.22	$43.26	$39.07	buy	04/10/12	11,842	118	$44	$0.60	$7,080.00	$462,666.94
BDX		$74.72	$74.19	buy		0				$0.00	$0.00
BBBY		$57.97	$68.84	$10.87			0			$0.00	$0.00
DF		$11.20	$14.13	$2.93		0				$0.00	$0.00
F		$10.76	$10.01			46,468	464	$12	$0.15	$6,960.00	$465,148.70
GE		$17.91	$18.95	$1.04		0				$0.00	$0.00
HCP		$41.43	$40.00			12,069				$0.00	$482,741.97
INTC		$24.25	$26.07	$1.82		0				$0.00	$0.00
ITW		$46.71	$53.55	$6.84		0				$0.00	$0.00
KKR	12.39	$12.83	$11.10	buy	05/15/12	40,300				$0.00	$447,330.00
KO		$69.97	$74.05	$4.08						$0.00	$0.00
LUK	21.99	$22.74	$20.99	buy	05/15/12	22,700				$0.00	$476,473.00
MKC		$50.42	$56.43			9,917			NA		$559,599.37
MO		$29.65	$31.68	$2.03						$0.00	$0.00
NICK		$12.82	$12.63			39,002			NA		$492,589.70
ORCL		$25.65	$25.61	buy		0				$0.00	$0.00
PG		$66.71	$63.52	buy		7,495				$0.00	$476,090.54
RAVN		$61.90	$63.29	$1.39		8,078			NA		$511,227.79
RLI		$72.86	$67.20	buy		6,862				$0.00	$461,158.39
SYK		$49.71	$50.26	$0.55		10,058	100	$55	$0.60	$6,000.00	$505,532.09
Notes										$20,040.00	$5,340,558.48
NA – options not available
Cash For Investing			$4,500,000.00
Cash Res. (Profit + CC)			$465,284.72
Mar Options			$33,234.73
Mar Stock Sale			$85,639.21
April Options			$27,411.48
April Stock Sale			$0.00
May Option Sale			$20,040.00
Tot Cash Reserve			$631,610.14
Unrealized Gain			-$159,441.52
Gross profit			$472,168.62				6752.1944632005