S&P 500 Index - Dividends and Implied Volatility Surfaces Parameters

Page 1

16.10.2012

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

At The Money Implied Volatilities by Terms

S&P 500 Index

Ticker

Name

GICS_SECTOR_NAME

ATM Ref

Dividend Yield

Next ExDividend Date

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

MMM UN Equity

3M CO

Industrials

92.79

2.67%

21.11.2012

18.21

16.66

16.41

17.63

19.96

20.99

21.52

-0.322 -0.341 -0.331 -0.277 -0.222 -0.196 -0.180 0.007

0.010

0.009

0.005

0.002

0.002

0.001

ABT UN Equity

ABBOTT LABORATORIES

Health Care

72.05

3.00%

11.01.2013

19.37

16.41

15.56

15.62

15.98

16.18

16.33

-0.230 -0.251 -0.238 -0.207 -0.200 -0.184 -0.163 0.015

0.012

0.009

0.005

0.003

0.002

0.001

ANF UN Equity

ABERCROMBIE & FITCH CO-CL A

Consumer Discretionary

32.50

2.15%

28.11.2012

54.99

49.71

48.31

47.53

45.81

45.21

45.13

-0.187 -0.159 -0.157 -0.152 -0.143 -0.131 -0.113 0.006

0.003

0.002

0.001

0.001

0.001

0.001

ACN UN Equity

ACCENTURE PLC-CL A

Information Technology

70.17

2.44%

10.04.2013

18.91

21.16

21.99

23.30

25.12

26.10

26.67

-0.367 -0.371 -0.353 -0.274 -0.207 -0.176 -0.152 0.009

0.009

0.007

0.004

0.002

0.002

0.001

ACE UN Equity

ACE LTD

Financials

77.67

2.52%

10.01.2013

17.22

16.06

16.40

18.32

20.14

-0.493 -0.461 -0.407 -0.300 -0.229

0.014

0.012

0.010

0.005

0.003

ADBE UW Equity ADOBE SYSTEMS INC

Information Technology

32.33

23.78

27.04

28.21

29.34

31.33

32.41

33.10

-0.221 -0.253 -0.252 -0.213 -0.175 -0.152 -0.134 0.013

0.009

0.007

0.003

0.002

0.001

0.001

AMD UN Equity

ADVANCED MICRO DEVICES

Information Technology

2.75

58.56

57.70

57.77

59.19

58.27

58.51

59.48

0.223 -0.001 -0.071 -0.087 -0.102 -0.106 -0.105 0.008

0.006

0.005

0.002

0.001

0.001

0.001

AES UN Equity

AES CORP

Utilities

10.74

2.98%

28.12.2012

27.84

27.01

26.72

26.48

-0.195 -0.169 -0.231 -0.298

0.002

0.006

0.006

0.003

AET UN Equity

AETNA INC

Health Care

43.92

1.73%

08.01.2013

32.22

28.29

27.16

28.67

29.84

30.38

30.74

-0.306 -0.207 -0.171 -0.169 -0.129 -0.112 -0.106 0.010

0.005

0.005

0.003

0.001

0.001

0.001

AFL UN Equity

AFLAC INC

Financials

48.78

2.95%

13.11.2012

23.32

22.24

22.79

24.57

26.83

27.90

28.33

-0.569 -0.393 -0.341 -0.281 -0.225 -0.198 -0.180 0.016

0.012

0.009

0.003

0.002

0.001

0.001

A UN Equity

AGILENT TECHNOLOGIES INC

Health Care

37.18

1.16%

28.12.2012

29.02

27.57

28.28

31.01

33.11

34.23

34.93

-0.345 -0.307 -0.282 -0.226 -0.168 -0.142 -0.125 0.005

0.004

0.004

0.002

0.001

0.001

0.001

GAS UN Equity

AGL RESOURCES INC

Utilities

40.46

4.62%

14.11.2012

27.44

27.44

27.44

27.44

0.000

0.000

0.000

0.000

0.000

APD UN Equity

AIR PRODUCTS & CHEMICALS INC

Materials

82.29

3.26%

28.12.2012

18.16

17.33

17.36

19.42

21.12

-0.263 -0.387 -0.338 -0.292 -0.223

0.004

0.008

0.007

0.004

0.003

ARG UN Equity

AIRGAS INC

2.35%

14.12.2012

23.55

22.90

22.85

23.70

24.83

-0.585 -0.478 -0.418 -0.323 -0.235

0.014

0.012

0.010

0.005

0.002

59.50

46.00

42.65

45.71

43.63

42.69

42.16

-0.155 -0.137 -0.148 -0.133 -0.117 -0.109 -0.105 0.001

0.002

0.002

0.001

0.000

0.000

0.000

1.36%

30.01.2013

27.70

29.45

30.40

32.16

34.40

35.29

35.66

-0.007 -0.096 -0.122 -0.128 -0.114 -0.098 -0.084 0.005

0.007

0.007

0.003

0.001

0.001

0.001

43.97

39.77

39.02

39.14

38.53

38.48

38.64

-0.266 -0.271 -0.260 -0.229 -0.175 -0.149 -0.140 0.010

0.004

0.002

0.001

0.001

0.000

0.000

0.000

0.000

0.000

Materials

80.69

AKAM UW Equity AKAMAI TECHNOLOGIES INC

Information Technology

37.90

AA UN Equity

ALCOA INC

Materials

8.80

ALXN UW Equity

ALEXION PHARMACEUTICALS INC

Health Care

ATI UN Equity

ALLEGHENY TECHNOLOGIES INC

Materials

31.92

2.26%

21.12.2012

44.13

42.41

42.16

43.39

45.68

46.97

47.80

-0.374 -0.297 -0.258 -0.206 -0.148 -0.130 -0.129 0.009

0.006

0.004

0.002

0.001

0.001

0.001

AGN UN Equity

ALLERGAN INC

Health Care

93.54

0.21%

07.11.2012

19.94

18.62

18.65

20.43

22.84

23.92

24.51

-0.293 -0.301 -0.287 -0.219 -0.178 -0.160 -0.147 0.009

0.010

0.009

0.005

0.002

0.001

0.001

ALL UN Equity

ALLSTATE CORP

Financials

41.12

2.21%

30.11.2012

21.74

19.90

19.38

19.67

21.59

22.74

23.51

-0.593 -0.427 -0.350 -0.288 -0.231 -0.200 -0.178 0.022

0.013

0.009

0.005

0.003

0.002

0.001

ANR UN Equity

ALPHA NATURAL RESOURCES INC

Energy

8.48

88.47

83.77

81.12

77.61

73.62

-0.168 -0.218 -0.209 -0.134 -0.112

0.007

0.004

0.003

0.002

0.001

ALTR UW Equity

ALTERA CORP

Information Technology

32.85

1.31%

09.11.2012

34.76

32.64

31.78

33.00

34.18

-0.122 -0.212 -0.196 -0.169 -0.141

0.009

0.005

0.004

0.002

0.001

MO UN Equity

ALTRIA GROUP INC

Consumer Staples

33.17

16.09

-0.485 -0.287 -0.256 -0.167 -0.132

111.42

5.40%

28.12.2012

16.74

15.25

15.91

17.62

AMZN UW Equity AMAZON.COM INC

Consumer Discretionary

39.54

33.14

31.29

32.67

34.63

AEE UN Equity

AMEREN CORPORATION

Utilities

32.66

4.90%

11.03.2013

16.81

16.81

15.07

AEP UN Equity

AMERICAN ELECTRIC POWER

Utilities

44.51

4.31%

09.11.2012

11.43

11.25

11.94

13.44

15.51

16.51

AXP UN Equity

AMERICAN EXPRESS CO

Financials

57.59

1.49%

02.01.2013

20.32

20.32

20.67

22.15

24.65

AIG UN Equity

AMERICAN INTERNATIONAL GROUP

Financials

36.29

07.12.2012

26.35

24.12

24.04

26.56

30.00

AMT UN Equity

AMERICAN TOWER CORP

Financials

75.35

1.35%

09.01.2013

19.55

18.67

18.72

20.25

23.11

AMP UN Equity

AMERIPRISE FINANCIAL INC

Financials

56.19

2.65%

31.10.2012

26.78

25.40

25.56

ABC UN Equity

AMERISOURCEBERGEN CORP

Health Care

39.91

1.45%

23.11.2012

21.42

19.06

19.03

20.86

22.56

AMGN UW Equity AMGEN INC

Health Care

86.22

1.81%

11.02.2013

22.92

22.32

22.15

21.91

23.60

24.45

24.85

APH UN Equity

AMPHENOL CORP-CL A

Information Technology

59.00

0.71%

10.12.2012

30.32

28.28

27.66

27.63

APC UN Equity

ANADARKO PETROLEUM CORP

Energy

69.14

0.52%

10.12.2012

33.35

35.11

35.96

36.87

37.54

37.80

37.84

ADI UW Equity

ANALOG DEVICES INC

Information Technology

38.56

3.27%

28.11.2012

21.76

22.61

22.53

24.27

26.07

AON UN Equity

AON PLC

Financials

53.32

1.18%

31.01.2013

20.78

19.18

18.84

19.29

APA UN Equity

APACHE CORP

Energy

AIV UN Equity

APARTMENT INVT & MGMT CO -A

244.18

0.020

0.014

0.011

0.008

0.005

-0.370 -0.280 -0.237 -0.191 -0.151 -0.132 -0.120 0.008

0.006

0.005

0.003

0.001

0.001

0.001

0.000

0.000

0.000

0.000

16.94

-0.247 -0.401 -0.391 -0.254 -0.175 -0.146 -0.139 0.005

0.014

0.013

0.006

0.004

0.003

0.002

25.69

26.15

-0.295 -0.297 -0.283 -0.232 -0.179 -0.156 -0.142 0.007

0.008

0.007

0.003

0.001

0.001

0.001

31.21

31.55

-0.219 -0.225 -0.219 -0.192 -0.153 -0.128 -0.112 0.015

0.012

0.009

0.004

0.001

0.001

0.001

24.26

24.74

-0.476 -0.370 -0.329 -0.309 -0.249 -0.211 -0.183 0.012

0.011

0.010

0.004

0.002

0.001

0.001

-0.504 -0.383 -0.332

0.015

0.010

0.007

-0.256 -0.283 -0.267 -0.200 -0.157

0.005

0.007

0.007

0.004

0.002

-0.293 -0.241 -0.229 -0.229 -0.209 -0.185 -0.162 0.018 -0.235 -0.262 -0.262 -0.226

35.60

36.22

0.000 -0.117

0.013

0.010

0.005

0.002

0.001

0.001

0.006

0.005

0.004

0.003

-0.164 -0.086 -0.073 -0.130 -0.154 -0.156 -0.143 0.014

0.006

0.003

0.001

0.001

0.001

0.001

-0.271 -0.339 -0.296 -0.239 -0.182

0.005

0.007

0.005

0.002

0.001

-0.197 -0.302 -0.315 -0.231

0.005

0.008

0.008

0.003

85.44

0.84%

23.01.2013

27.69

26.71

26.86

28.59

30.65

31.68

32.33

-0.396 -0.296 -0.258 -0.225 -0.185 -0.163 -0.147 0.009

0.006

0.005

0.002

0.001

0.001

0.001

Financials

25.72

3.34%

14.11.2012

22.95

26.18

26.13

0.000 -0.019 -0.083

0.000

0.001

0.003

APOL UW Equity APOLLO GROUP INC-CL A

Consumer Discretionary

27.66

63.69

57.75

53.72

48.10

46.12

45.35

45.08

-0.321 -0.234 -0.209 -0.195 -0.153 -0.134 -0.126 0.009

0.004

0.003

0.001

0.001

0.001

0.001

AAPL UW Equity

Information Technology

634.76

1.67%

15.11.2012

34.69

31.77

31.55

33.27

34.98

36.27

36.96

-0.296 -0.230 -0.198 -0.143 -0.108 -0.097 -0.082 0.008

0.004

0.002

0.001

0.000

0.000

0.000

AMAT UW Equity APPLIED MATERIALS INC

APPLE INC

Information Technology

10.96

3.47%

19.02.2013

27.36

26.06

25.93

27.29

28.91

29.93

30.79

-0.352 -0.289 -0.252 -0.202 -0.155 -0.132 -0.119 0.008

0.007

0.006

0.003

0.002

0.001

0.001

ADM UN Equity

ARCHER-DANIELS-MIDLAND CO

Consumer Staples

28.10

2.65%

13.11.2012

24.32

22.59

22.57

24.01

25.39

-0.139 -0.147 -0.169 -0.160 -0.147

0.004

0.012

0.008

0.004

0.002

AIZ UN Equity

ASSURANT INC

Financials

39.96

2.25%

29.11.2012

25.85

22.97

22.68

-0.226 -0.280 -0.275

0.001

0.007

0.007

T UN Equity

AT&T INC

Telecommunication Services 35.21

5.11%

08.01.2013

20.45

18.56

17.79

17.78

19.06

19.98

20.37

-0.533 -0.425 -0.336 -0.237 -0.186 -0.155 -0.137 0.017

0.015

0.011

0.006

0.003

0.002

0.002

44.58

39.64

38.18

38.55

39.96

41.11

42.13

-0.233 -0.221 -0.210 -0.175 -0.145 -0.132 -0.124 0.004

0.004

0.003

0.002

0.001

0.001

0.001

2.92%

05.12.2012

15.91

14.64

14.94

16.79

18.55

19.47

20.03

-0.252 -0.353 -0.363 -0.310 -0.230 -0.199 -0.179 0.005

0.012

0.010

0.005

0.003

0.002

0.002

-0.324 -0.243 -0.209 -0.176

0.007

0.003

0.002

0.002

-0.391 -0.289 -0.244 -0.206 -0.168

0.016

0.008

0.006

0.003

-0.408 -0.328 -0.290 -0.253

0.010

0.000 -0.202 -0.256 -0.227

ADSK UW Equity AUTODESK INC

Information Technology

31.90

ADP UW Equity

AUTOMATIC DATA PROCESSING

Information Technology

58.91

AN UN Equity

AUTONATION INC

Consumer Discretionary

47.06

32.46

29.67

28.84

28.79

AZO UN Equity

AUTOZONE INC

Consumer Discretionary

374.72

19.31

22.31

21.98

23.17

AVB UN Equity

AVALONBAY COMMUNITIES INC

Financials

133.11

3.16%

28.12.2012

20.54

19.13

19.05

20.69

0.007

0.005

0.003

AVY UN Equity

AVERY DENNISON CORP

Industrials

30.08

3.89%

03.12.2012

29.99

26.13

25.32

26.80

0.000

0.008

0.009

0.003

AVP UN Equity

AVON PRODUCTS INC

Consumer Staples

17.27

3.07%

16.11.2012

48.86

41.95

39.47

37.99

34.64

33.41

33.08

-0.178 -0.133 -0.127 -0.140 -0.161 -0.171 -0.178 0.002

0.004

0.004

0.003

0.002

0.002

0.001

BHI UN Equity

BAKER HUGHES INC

Energy

44.95

1.47%

08.11.2012

34.48

31.72

31.33

33.08

34.86

35.77

36.40

-0.286 -0.262 -0.249 -0.218 -0.169 -0.147 -0.134 0.007

0.005

0.004

0.002

0.001

0.001

0.001

BLL UN Equity

BALL CORP

Materials

41.77

1.10%

29.11.2012

19.98

19.54

19.48

19.89

-0.340 -0.332 -0.322 -0.298

0.007

0.006

0.006

0.004

BAC UN Equity

BANK OF AMERICA CORP

Financials

9.44

0.42%

28.11.2012

37.56

35.03

35.31

35.67

37.88

-0.021 -0.144 -0.154 -0.177 -0.170 -0.147 -0.129 0.009

0.008

0.006

0.004

0.002

0.002

0.001

BK UN Equity

BANK OF NEW YORK MELLON CORP

Financials

23.09

2.43%

31.10.2012

24.28

22.64

24.09

24.91

27.42

-0.600 -0.368 -0.289 -0.246 -0.189

BAX UN Equity

BAXTER INTERNATIONAL INC

Health Care

60.93

3.04%

07.12.2012

18.62

17.43

18.47

21.78

23.23

0.001

0.001

BBT UN Equity

BB&T CORP

Financials

32.39

2.16%

02.01.2013

21.57

20.23

21.68

22.58

BEAM UN Equity

BEAM INC

Consumer Staples

57.05

1.57%

04.02.2013

22.53

22.51

22.41

23.60

BDX UN Equity

BECTON DICKINSON AND CO

2.54%

10.12.2012

17.28

15.83

15.69

23.67

28.17

28.85

29.02

30.14

0.001

0.001

3.30%

14.11.2012

21.98

18.30

17.68

19.89

13.94

13.58

13.82

15.63

16.73

23.40

38.72

39.02

23.72

24.17

0.002

0.022

0.015

0.010

0.005

0.002

-0.420 -0.305 -0.249 -0.175 -0.164 -0.149 -0.145 0.018

0.013

0.008

0.003

0.002

23.54

-0.441 -0.355 -0.232 -0.182 -0.135

0.014

0.011

0.009

0.003

0.001

24.32

-0.165 -0.122 -0.177 -0.156 -0.136

0.006

0.007

0.007

0.003

0.002

-0.178 -0.217 -0.231

0.001

Health Care

76.51

BBBY UW Equity BED BATH & BEYOND INC

Consumer Discretionary

60.32

BMS UN Equity

Materials

32.17

BRK/B UN Equity BERKSHIRE HATHAWAY INC-CL B

Financials

89.11

BBY UN Equity

BEST BUY CO INC

Consumer Discretionary

56.28

64.69

59.27

51.11

44.55

BIG UN Equity

BIG LOTS INC

Consumer Discretionary

30.84

29.32

32.03

33.85

37.96

36.54

38.18

41.95

-0.230 -0.201 -0.190 -0.167 -0.236 -0.250 -0.184 0.006

0.005

0.004

0.000

0.009

0.009

0.003

BIIB UW Equity

BIOGEN IDEC INC

Health Care

149.41

34.32

30.47

29.05

28.11

29.79

30.70

31.12

-0.168 -0.092 -0.086 -0.186 -0.178 -0.159 -0.147 0.006

0.002

0.001

0.001

0.001

0.001

0.001

BLK UN Equity

BLACKROCK INC

Financials

185.37

23.00

23.20

23.42

24.35

26.98

-0.414 -0.333 -0.301 -0.300 -0.238

0.016

0.009

0.006

0.004

0.002

BMC UW Equity

BMC SOFTWARE INC

Information Technology

41.50

35.03

31.83

30.99

30.26

28.14

26.73

25.81

-0.065 -0.124 -0.178 -0.205 -0.218 -0.210 -0.184 0.014

0.005

0.003

0.002

0.001

0.001

0.001

BA UN Equity

BOEING CO/THE

Industrials

72.25

20.70

20.03

20.73

22.60

24.35

25.27

25.77

-0.271 -0.225 -0.223 -0.208 -0.177 -0.158 -0.141 0.019

0.011

0.008

0.004

0.002

0.001

0.001

BWA UN Equity

BORGWARNER INC

Consumer Discretionary

66.85

38.00

35.26

34.61

35.36

-0.319 -0.297 -0.270 -0.186

0.007

0.005

0.005

0.004

BXP UN Equity

BOSTON PROPERTIES INC

Financials

18.77

17.61

17.74

19.90

21.35

-0.303 -0.304 -0.307 -0.339 -0.237

0.004

0.007

0.007

0.005

0.003

BSX UN Equity

BOSTON SCIENTIFIC CORP

Health Care

5.63

0.125 -0.043 -0.135 -0.157 -0.112 -0.103 -0.089 0.021

BMY UN Equity

BRISTOL-MYERS SQUIBB CO

-0.462 -0.228 -0.202 -0.219 -0.189

BEMIS COMPANY

17.48

109.87

3.95%

3.56% 2.60%

03.01.2013

05.12.2012 07.11.2012

2.26%

28.12.2012

30.60

30.89

28.77

28.49

29.23

31.22

32.07

33.47

35.36

Health Care

33.93

4.13%

02.01.2013

17.34

16.13

15.87

17.90

19.71

BRCM UW Equity BROADCOM CORP-CL A

Information Technology

33.12

1.30%

28.11.2012

34.45

30.71

31.63

35.01

36.34

37.18

37.63

BF/B UN Equity

BROWN-FORMAN CORP-CLASS B

Consumer Staples

66.58

1.60%

06.12.2012

15.31

15.92

16.34

CA UW Equity

CA INC

Information Technology

24.97

4.01%

23.11.2012

26.60

22.64

22.34

23.94

25.14

25.85

26.22

CVC UN Equity

CABLEVISION SYSTEMS-NY GRP-A

Consumer Discretionary

17.73

3.38%

08.11.2012

34.97

32.21

30.65

COG UN Equity

CABOT OIL & GAS CORP

Energy

44.29

0.25%

14.11.2012

41.88

39.70

39.29

40.37

40.24

40.20

40.30

CAM UN Equity

CAMERON INTERNATIONAL CORP

Energy

53.81

34.73

32.26

32.75

34.83

36.99

37.93

38.07

CPB UN Equity

CAMPBELL SOUP CO

Consumer Staples

34.83

3.56%

27.12.2012

12.70

13.61

14.35

16.18

15.45

15.73

17.26

COF UN Equity

CAPITAL ONE FINANCIAL CORP

Financials

57.60

0.87%

09.11.2012

27.11

24.96

25.82

27.69

CAH UN Equity

CARDINAL HEALTH INC

Health Care

41.61

2.44%

26.12.2012

20.60

19.08

18.90

20.59

CFN UN Equity

CAREFUSION CORP

Health Care

27.86

25.72

23.22

23.12

KMX UN Equity

CARMAX INC

Consumer Discretionary

32.99

29.02

30.54

31.01

31.04

CCL UN Equity

CARNIVAL CORP

Consumer Discretionary

37.28

2.68%

20.02.2013

21.99

23.04

23.78

25.69

28.36

29.87

30.93

CAT UN Equity

CATERPILLAR INC

Industrials

82.81

2.58%

17.01.2013

28.27

25.96

26.44

29.06

30.28

30.89

31.31

CBG UN Equity

CBRE GROUP INC - A

Financials

18.91

40.49

37.15

36.75

CBS UN Equity

CBS CORP-CLASS B NON VOTING

Consumer Discretionary

34.03

31.66

30.14

29.43

30.82

32.50

CELG UW Equity CELGENE CORP

Health Care

77.97

CNP UN Equity

CENTERPOINT ENERGY INC

Utilities

CTL UN Equity

CENTURYLINK INC

0.002

0.005

0.005

-0.062 -0.175 -0.193 -0.177 -0.158 -0.141 -0.126 0.005

0.006

0.005

0.002

0.000 -0.278 -0.341 -0.188

0.000

0.008

0.009

0.005

-0.123 -0.413 -0.376 -0.291 -0.231

0.011

0.017

0.013

0.006

0.004

0.502

-0.004 -0.004 -0.001 0.001

0.002

0.102 -0.068 -0.179 -0.264

0.019

0.015

0.006

0.004

0.003

0.002

0.017

0.015

0.014

0.004

0.001

-0.177 -0.171 -0.169 -0.165 -0.144 -0.127 -0.115 0.008

0.006

0.005

0.002

0.001

0.001

0.001

-0.058 -0.247 -0.223

0.003

0.002

0.001

0.001

0.000

0.006

0.006

-0.272 -0.265 -0.246 -0.189 -0.150 -0.133 -0.121 0.003

0.005

0.005

-0.364 -0.298 -0.271

0.006

0.001

0.004

-0.228 -0.204 -0.199 -0.212 -0.191 -0.168 -0.146 0.005

0.003

0.002

0.002

0.001

0.001

0.001

-0.488 -0.334 -0.285 -0.243 -0.190 -0.164 -0.145 0.012

0.006

0.004

0.002

0.001

0.001

0.001

-0.170 -0.197 -0.212 -0.215 -0.196 -0.116 0.012

0.003

0.005

0.005

0.005

0.009

0.011

0.012

29.37

-0.429 -0.297 -0.293 -0.247 -0.195

0.012

0.010

0.005

0.002

0.001

21.99

-0.378 -0.370 -0.307 -0.249 -0.195

0.008

0.010

0.007

0.002

0.001

-0.269 -0.326 -0.302

0.007

0.009

0.008

-0.234 -0.282 -0.283 -0.232

0.005

0.005

0.004

0.002

-0.229 -0.252 -0.244 -0.203 -0.157 -0.137 -0.125 0.004

0.007

0.007

0.003

0.002

0.001

0.001

-0.173 -0.184 -0.185 -0.169 -0.137 -0.122 -0.114 0.013

0.007

0.004

0.002

0.001

0.001

0.001

-0.389 -0.333 -0.301

0.006

0.004

0.003

-0.240 -0.224 -0.195 -0.192 -0.170

0.008

0.006

0.004

0.002

0.001

1.41%

07.12.2012

30.25

29.24

28.85

28.53

28.25

28.67

29.41

-0.409 -0.338 -0.304 -0.257 -0.209 -0.183 -0.163 0.018

0.011

0.008

0.004

0.002

0.002

0.001

21.40

3.86%

16.11.2012

20.22

17.74

17.13

17.76

19.97

20.65

20.75

-0.149 -0.047 -0.029 -0.117 -0.125 -0.069 -0.025 0.001

0.013

0.015

0.008

0.002

0.001

0.000

Telecommunication Services 38.79

7.48%

07.12.2012

20.51

18.26

17.63

18.60

20.49

21.58

22.29

-0.347 -0.334 -0.302 -0.249 -0.170 -0.137 -0.124 0.007

0.011

0.010

0.005

0.003

0.002

0.002

36.83

33.00

31.67

31.93

32.22

-0.191 -0.177 -0.166 -0.180 -0.160

0.010

0.004

0.004

0.001

0.001

CERN UW Equity CERNER CORP

Health Care

CF UN Equity

Materials

209.77

0.79%

13.11.2012

33.38

30.28

30.70

34.21

36.38

37.36

38.00

-0.324 -0.256 -0.230 -0.196 -0.160 -0.140 -0.126 0.011

0.005

0.003

0.001

0.001

0.001

0.001

CHRW UW Equity C.H. ROBINSON WORLDWIDE INC

Industrials

60.36

2.39%

19.12.2012

30.54

25.62

24.56

24.93

25.37

25.87

26.19

-0.376 -0.305 -0.278 -0.240 -0.184 -0.158 -0.139 0.010

0.009

0.007

0.003

0.002

0.001

0.001

SCHW UN Equity SCHWAB (CHARLES) CORP

Financials

13.03

1.84%

07.11.2012

29.06

26.86

28.11

30.18

31.59

-0.001 0.008

0.002

0.002

0.001

CHK UN Equity

CHESAPEAKE ENERGY CORP

Energy

20.03

1.87%

10.01.2013

39.67

38.95

39.02

40.24

41.62

0.002

0.001

CVX UN Equity

CHEVRON CORP

Energy

112.82

3.37%

16.11.2012

16.59

16.45

16.96

18.75

CMG UN Equity

CHIPOTLE MEXICAN GRILL INC

Consumer Discretionary

295.14

46.77

41.05

37.80

38.50

CB UN Equity

CHUBB CORP

Financials

77.59

2.19%

19.12.2012

16.43

14.97

14.75

15.91

17.58

CI UN Equity

CIGNA CORP

Health Care

49.98

0.10%

08.03.2013

27.49

24.48

23.75

24.98

27.10

CINF UW Equity

CINCINNATI FINANCIAL CORP

Financials

38.65

4.23%

17.12.2012

15.61

18.09

18.48

CTAS UW Equity CINTAS CORP

Industrials

42.00

1.74%

13.11.2012

15.97

17.61

18.78

21.37

23.55

23.67

CSCO UW Equity CISCO SYSTEMS INC

Information Technology

18.55

3.13%

31.12.2012

34.00

29.05

26.97

27.63

29.09

29.91

C UN Equity

Financials

36.66

0.22%

01.11.2012

30.01

30.52

31.92

33.82

35.42

CTXS UW Equity CITRIX SYSTEMS INC

Information Technology

66.79

47.60

44.48

42.34

43.18

43.59

CLF UN Equity

CLIFFS NATURAL RESOURCES INC

Materials

41.14

6.08%

14.11.2012

52.70

49.64

48.49

49.60

51.36

52.61

CLX UN Equity

CLOROX COMPANY

Consumer Staples

74.33

3.51%

22.01.2013

15.48

14.39

14.30

14.72

15.86

16.44

CME UW Equity

CME GROUP INC

Financials

56.86

3.17%

19.12.2012

21.83

20.08

20.99

23.50

25.07

CMS UN Equity

CMS ENERGY CORP

Utilities

23.81

4.29%

31.10.2012

16.29

16.41

16.20

COH UN Equity

COACH INC

Consumer Discretionary

55.51

2.41%

06.12.2012

46.53

39.29

37.94

38.24

38.09

38.34

KO UN Equity

COCA-COLA CO/THE

Consumer Staples

38.13

2.87%

30.11.2012

15.41

15.05

15.27

16.46

18.17

18.99

CCE UN Equity

COCA-COLA ENTERPRISES

Consumer Staples

31.91

2.19%

21.11.2012

21.43

21.45

21.92

22.93

24.15

24.71

CTSH UW Equity COGNIZANT TECH SOLUTIONS-A

Information Technology

69.80

35.22

30.34

29.05

30.41

32.36

CL UN Equity

Consumer Staples

CF INDUSTRIES HOLDINGS INC

CITIGROUP INC

COLGATE-PALMOLIVE CO

72.75

-0.168 -0.227 -0.222 -0.243 -0.193 42.85

44.10

-0.325 -0.278 -0.258 -0.245 -0.202 -0.184 -0.178 0.013

0.008

0.007

0.004

0.002

20.56

-0.407 -0.316 -0.271 -0.248 -0.206

0.015

0.012

0.011

0.005

0.003

38.00

-0.311 -0.279 -0.260 -0.208 -0.176

0.007

0.003

0.003

0.001

0.001

-0.594 -0.450 -0.379 -0.298 -0.222

0.020

0.013

0.010

0.006

0.004

-0.182 -0.231 -0.227 -0.179 -0.141 -0.125 -0.115 0.010

0.008

0.007

0.003

0.001

0.001

0.001

0.000 -0.177 -0.219

0.000

0.002

0.004

23.16

-0.313 -0.206 -0.181 -0.186 -0.146 -0.121 -0.112 0.007

0.011

0.010

0.004

0.002

0.002

0.001

30.50

-0.232 -0.222 -0.214 -0.168 -0.137 -0.121 -0.114 0.009

0.006

0.006

0.003

0.001

0.001

0.001

-0.365 -0.330 -0.282 -0.201 -0.156

0.013

0.008

0.005

0.002

0.001

-0.161 -0.231 -0.226 -0.180 -0.143

0.007

0.005

0.003

0.001

0.001

53.72

-0.381 -0.215 -0.221 -0.177 -0.153 -0.141 -0.130 0.007

0.005

0.004

0.002

0.001

0.001

0.001

16.84

-0.218 -0.283 -0.287 -0.216 -0.178 -0.154 -0.132 0.004

0.008

0.009

0.004

0.002

0.002

0.001

-0.390 -0.379 -0.329 -0.247 -0.207

0.013

0.011

0.008

0.005

0.003

0.000

0.000

0.000

0.001

38.44

-0.263 -0.241 -0.229 -0.196 -0.152 -0.131 -0.119 0.003

0.003

0.003

0.001

0.001

0.001

0.001

19.38

-0.374 -0.328 -0.272 -0.181 -0.128 -0.111 -0.106 0.018

0.013

0.010

0.005

0.002

0.001

0.001

24.83

-0.521 -0.344 -0.270 -0.211 -0.156 -0.132 -0.121 0.017

0.012

0.009

0.005

0.002

0.001

0.001

33.60

34.62

-0.351 -0.323 -0.300 -0.234 -0.170 -0.148 -0.141 0.004

0.006

0.005

0.003

0.001

0.001

0.001

28.05

28.54

0.012 -0.050

108.46

2.40%

18.01.2013

14.12

13.34

14.05

15.89

17.62

18.59

19.08

-0.503 -0.430 -0.369 -0.261 -0.191 -0.159 -0.142 0.017

0.013

0.010

0.006

0.003

0.002

0.002

CMCSA UW EquityCOMCAST CORP-CLASS A

Consumer Discretionary

36.43

2.05%

31.12.2012

21.49

20.57

20.63

22.09

24.60

25.87

26.63

-0.321 -0.285 -0.265 -0.245 -0.200 -0.179 -0.169 0.009

0.008

0.007

0.004

0.002

0.001

0.001

CMA UN Equity

COMERICA INC

Financials

30.88

2.27%

14.12.2012

25.96

24.91

24.87

26.16

28.35

29.35

29.91

-0.551 -0.350 -0.258 -0.195 -0.171 -0.146 -0.119 0.022

0.012

0.008

0.004

0.002

0.002

0.001

CSC UN Equity

COMPUTER SCIENCES CORP

Information Technology

31.75

2.52%

18.12.2012

41.72

35.13

32.99

34.97

35.53

-0.301 -0.259 -0.230 -0.214 -0.182

0.014

0.009

0.007

0.003

0.001

CAG UN Equity

CONAGRA FOODS INC

Consumer Staples

28.41

3.52%

30.01.2013

14.14

15.71

15.49

15.36

16.69

-0.053 -0.319 -0.299 -0.181 -0.149

0.001

0.012

0.009

0.005

0.002

COP UN Equity

CONOCOPHILLIPS

Energy

56.79

3.70%

21.02.2013

18.16

17.23

17.99

20.24

21.86

22.58

22.98

-0.477 -0.393 -0.334 -0.250 -0.196 -0.161 -0.144 0.016

0.011

0.008

0.005

0.003

0.002

0.002

CNX UN Equity

CONSOL ENERGY INC

Energy

34.36

1.46%

09.11.2012

47.43

44.94

44.10

43.41

42.45

42.57

43.17

-0.354 -0.331 -0.310 -0.244 -0.179 -0.152 -0.138 0.008

0.005

0.004

0.002

0.001

0.001

0.001

ED UN Equity

CONSOLIDATED EDISON INC

Utilities

59.82

4.07%

13.11.2012

11.41

11.43

11.81

12.81

14.55

15.46

15.98

-0.189 -0.223 -0.242 -0.210 -0.152 -0.134 -0.125 0.004

0.008

0.008

0.006

0.003

0.002

0.002

STZ UN Equity

CONSTELLATION BRANDS INC-A

Consumer Staples

35.56

29.41

33.87

34.98

34.70

33.51

32.81

32.26

-0.530 -0.350 -0.286 -0.228 -0.156 -0.156 -0.195 0.017

0.008

0.005

0.002 -0.001 -0.001 0.001

CBE UN Equity

COOPER INDUSTRIES PLC

Industrials

73.72

0.28%

27.02.2013

15.99

15.54

15.24

14.41

-0.216 -0.145 -0.111 -0.055

0.002

0.002

0.001

0.001

Information Technology Consumer Staples

13.08 96.51

2.75% 1.22%

27.02.2013 07.11.2012

32.56 17.97

28.80 17.96

29.17 18.17

31.72 18.83

-0.285 -0.215 -0.191 -0.161 -0.125 -0.109 -0.101 0.016 -0.210 -0.258 -0.262 -0.217 -0.170 -0.145 -0.129 0.008

0.011 0.010

0.007 0.009

0.003 0.004

GLW UN Equity CORNING INC COST UW Equity COSTCO WHOLESALE CORP

32.97 20.44

33.56 21.29

33.77 21.81

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.001 0.002

0.001 0.002

0.001 0.001


16.10.2012

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

At The Money Implied Volatilities by Terms

S&P 500 Index

Ticker CVH UN Equity COV UN Equity BCR UN Equity CCI UN Equity CSX UN Equity CMI UN Equity CVS UN Equity DHR UN Equity DRI UN Equity DVA UN Equity DF UN Equity DE UN Equity DELL UW Equity DNR UN Equity XRAY UW Equity DVN UN Equity DV UN Equity DO UN Equity DTV UW Equity DFS UN Equity DISCA UW Equity DLTR UW Equity D UN Equity DOV UN Equity DOW UN Equity DHI UN Equity DPS UN Equity DTE UN Equity DUK UN Equity DNB UN Equity ETFC UW Equity EMN UN Equity ETN UN Equity EBAY UW Equity ECL UN Equity EIX UN Equity EW UN Equity DD UN Equity EA UW Equity LLY UN Equity EMC UN Equity EMR UN Equity ESV UN Equity ETR UN Equity EOG UN Equity EQT UN Equity EFX UN Equity EQR UN Equity EL UN Equity EXC UN Equity EXPE UW Equity EXPD UW Equity ESRX UW Equity XOM UN Equity FFIV UW Equity FDO UN Equity FAST UW Equity FII UN Equity FDX UN Equity FIS UN Equity FITB UW Equity FHN UN Equity FSLR UW Equity FE UN Equity FISV UW Equity FLIR UW Equity FLS UN Equity FLR UN Equity FMC UN Equity FTI UN Equity F UN Equity FRX UN Equity FOSL UW Equity BEN UN Equity FCX UN Equity FTR UW Equity GME UN Equity GCI UN Equity GPS UN Equity GD UN Equity GE UN Equity GIS UN Equity GPC UN Equity GNW UN Equity GILD UW Equity GS UN Equity GT UN Equity GOOG UW Equity HRB UN Equity HAL UN Equity HOG UN Equity HAR UN Equity HRS UN Equity HIG UN Equity HAS UW Equity HCP UN Equity HCN UN Equity HP UN Equity HSY UN Equity HES UN Equity HPQ UN Equity HNZ UN Equity HD UN Equity HON UN Equity HRL UN Equity HSP UN Equity HST UN Equity HCBK UW Equity HUM UN Equity HBAN UW Equity ITW UN Equity IR UN Equity TEG UN Equity INTC UW Equity ICE UN Equity IBM UN Equity IFF UN Equity IGT UN Equity IP UN Equity IPG UN Equity INTU UW Equity ISRG UW Equity IVZ UN Equity IRM UN Equity JBL UN Equity JEC UN Equity

Name COVENTRY HEALTH CARE INC COVIDIEN PLC CR BARD INC CROWN CASTLE INTL CORP CSX CORP CUMMINS INC CVS CAREMARK CORP DANAHER CORP DARDEN RESTAURANTS INC DAVITA INC DEAN FOODS CO DEERE & CO DELL INC DENBURY RESOURCES INC DENTSPLY INTERNATIONAL INC DEVON ENERGY CORPORATION DEVRY INC DIAMOND OFFSHORE DRILLING DIRECTV DISCOVER FINANCIAL SERVICES DISCOVERY COMMUNICATIONS-A DOLLAR TREE INC DOMINION RESOURCES INC/VA DOVER CORP DOW CHEMICAL CO/THE DR HORTON INC DR PEPPER SNAPPLE GROUP INC DTE ENERGY COMPANY DUKE ENERGY CORP DUN & BRADSTREET CORP E*TRADE FINANCIAL CORP EASTMAN CHEMICAL CO EATON CORP EBAY INC ECOLAB INC EDISON INTERNATIONAL EDWARDS LIFESCIENCES CORP DU PONT (E.I.) DE NEMOURS ELECTRONIC ARTS INC ELI LILLY & CO EMC CORP/MA EMERSON ELECTRIC CO ENSCO PLC-CL A ENTERGY CORP EOG RESOURCES INC EQT CORP EQUIFAX INC EQUITY RESIDENTIAL ESTEE LAUDER COMPANIES-CL A EXELON CORP EXPEDIA INC EXPEDITORS INTL WASH INC EXPRESS SCRIPTS HOLDING CO EXXON MOBIL CORP F5 NETWORKS INC FAMILY DOLLAR STORES FASTENAL CO FEDERATED INVESTORS INC-CL B FEDEX CORP FIDELITY NATIONAL INFORMATIO FIFTH THIRD BANCORP FIRST HORIZON NATIONAL CORP FIRST SOLAR INC FIRSTENERGY CORP FISERV INC FLIR SYSTEMS INC FLOWSERVE CORP FLUOR CORP FMC CORP FMC TECHNOLOGIES INC FORD MOTOR CO FOREST LABORATORIES INC FOSSIL INC FRANKLIN RESOURCES INC FREEPORT-MCMORAN COPPER FRONTIER COMMUNICATIONS CORP GAMESTOP CORP-CLASS A GANNETT CO GAP INC/THE GENERAL DYNAMICS CORP GENERAL ELECTRIC CO GENERAL MILLS INC GENUINE PARTS CO GENWORTH FINANCIAL INC-CL A GILEAD SCIENCES INC GOLDMAN SACHS GROUP INC GOODYEAR TIRE & RUBBER CO GOOGLE INC-CL A H&R BLOCK INC HALLIBURTON CO HARLEY-DAVIDSON INC HARMAN INTERNATIONAL HARRIS CORP HARTFORD FINANCIAL SVCS GRP HASBRO INC HCP INC HEALTH CARE REIT INC HELMERICH & PAYNE HERSHEY CO/THE HESS CORP HEWLETT-PACKARD CO HJ HEINZ CO HOME DEPOT INC HONEYWELL INTERNATIONAL INC HORMEL FOODS CORP HOSPIRA INC HOST HOTELS & RESORTS INC HUDSON CITY BANCORP INC HUMANA INC HUNTINGTON BANCSHARES INC ILLINOIS TOOL WORKS INGERSOLL-RAND PLC INTEGRYS ENERGY GROUP INC INTEL CORP INTERCONTINENTALEXCHANGE INC INTL BUSINESS MACHINES CORP INTL FLAVORS & FRAGRANCES INTL GAME TECHNOLOGY INTERNATIONAL PAPER CO INTERPUBLIC GROUP OF COS INC INTUIT INC INTUITIVE SURGICAL INC INVESCO LTD IRON MOUNTAIN INC JABIL CIRCUIT INC JACOBS ENGINEERING GROUP INC

GICS_SECTOR_NAME

ATM Ref

Health Care 43.70 Health Care 57.67 Health Care 101.22 Telecommunication Services 67.05 Industrials 21.45 Industrials 89.06 Consumer Staples 47.07 Industrials 56.29 Consumer Discretionary 54.18 Health Care 109.00 Consumer Staples 15.05 Industrials 83.23 Information Technology 9.76 Energy 16.21 Health Care 37.46 Energy 60.96 Consumer Discretionary 23.42 Energy 67.48 Consumer Discretionary 50.52 Financials 39.39 Consumer Discretionary 61.53 Consumer Discretionary 40.52 Utilities 52.76 Industrials 56.11 Materials 28.32 Consumer Discretionary 20.66 Consumer Staples 43.66 Utilities 60.78 Utilities 64.56 Industrials 82.59 Financials 9.16 Materials 55.66 Industrials 45.20 Information Technology 47.40 Materials 67.87 Utilities 47.05 Health Care 87.29 Materials 49.01 Information Technology 13.70 Health Care 52.53 Information Technology 25.73 Industrials 48.40 Energy 55.85 Utilities 70.01 Energy 110.25 Energy 59.89 Industrials 49.78 Financials 56.21 Consumer Staples 63.43 Utilities 36.56 Consumer Discretionary 54.49 Industrials 35.00 Health Care 63.70 Energy 91.51 Information Technology 98.31 Consumer Discretionary 66.54 Industrials 45.55 Financials 20.77 Industrials 90.65 Information Technology 32.35 Financials 15.37 Financials 9.59 Information Technology 22.25 Utilities 45.11 Information Technology 75.21 Information Technology 19.52 Industrials 128.56 Industrials 57.35 Materials 54.34 Energy 44.30 Consumer Discretionary 10.22 Health Care 36.60 Consumer Discretionary 85.09 Financials 128.79 Materials 40.29 Telecommunication Services 4.81 Consumer Discretionary 22.78 Consumer Discretionary 17.85 Consumer Discretionary 36.28 Industrials 66.16 Industrials 22.64 Consumer Staples 39.30 Consumer Discretionary 61.36 Financials 5.51 Health Care 67.32 Financials 124.50 Consumer Discretionary 12.40 Information Technology 740.98 Consumer Discretionary 17.03 Energy 33.84 Consumer Discretionary 41.86 Consumer Discretionary 43.08 Information Technology 46.86 Financials 21.56 Consumer Discretionary 37.75 Financials 45.52 Financials 59.70 Energy 50.31 Consumer Staples 70.31 Energy 52.94 Information Technology 14.47 Consumer Staples 56.99 Consumer Discretionary 60.65 Industrials 60.85 Consumer Staples 29.06 Health Care 32.26 Financials 15.77 Financials 8.09 Health Care 74.73 Financials 6.99 Industrials 58.87 Industrials 44.49 Utilities 54.91 Information Technology 21.72 Financials 129.01 Information Technology 208.93 Materials 61.10 Consumer Discretionary 12.91 Materials 37.59 Consumer Discretionary 11.45 Information Technology 60.11 Health Care 512.53 Financials 24.74 Industrials 35.95 Information Technology 17.12 Industrials 40.01

Dividend Yield

Next ExDividend Date

1.14% 1.86% 0.80%

19.12.2012 24.01.2013 17.01.2013

2.80% 2.30% 1.62% 0.19% 3.91%

19.02.2013 14.11.2012 23.01.2013 28.12.2012 09.01.2013

2.52% 3.28%

28.12.2012 10.12.2012

0.63% 1.46% 1.45% 0.74%

29.03.2013 15.03.2013 05.12.2012 01.11.2012

1.22%

26.12.2012

4.20% 2.56% 4.73% 0.73% 3.25% 4.13% 4.76% 1.91%

28.11.2012 28.11.2012 28.12.2012 30.11.2012 20.12.2012 20.12.2012 07.11.2012 28.11.2012

2.01% 2.79%

13.12.2012 07.02.2013

1.41% 2.81%

21.12.2012 28.12.2012

3.51%

14.11.2012

3.73%

13.02.2013

3.72% 2.82% 4.74% 0.48% 1.52% 1.45% 3.19% 1.10% 5.74% 0.95% 1.71%

07.11.2012 06.12.2012 09.11.2012 16.01.2013 31.10.2012 23.11.2012 20.12.2012 21.11.2012 13.11.2012 16.11.2012 30.11.2012

2.67%

09.11.2012

1.40% 1.89% 4.62% 0.66% 2.47% 2.99% 1.25%

13.12.2012 28.01.2013 08.11.2012 13.12.2012 14.12.2012 28.12.2012 12.12.2012

4.88%

07.02.2013

1.54% 1.21% 1.12% 0.75%

23.11.2012 28.12.2012 28.11.2012 28.12.2012

3.42%

25.01.2013

0.93% 2.57% 8.35% 4.39% 4.65% 1.48% 3.26% 3.53% 3.51% 3.45% 2.72%

28.12.2012 09.01.2013 07.12.2012 29.11.2012 05.12.2012 04.01.2013 16.01.2013 20.12.2012 10.01.2013 12.12.2012 14.11.2012

1.61%

01.03.2013

4.70% 1.33% 1.62% 1.51% 3.22% 2.27% 4.03% 4.59% 5.11% 0.62% 2.29% 0.76% 3.76% 3.77% 2.16% 2.76% 2.32%

21.12.2012 30.11.2012 28.12.2012 01.11.2012 16.11.2012 30.11.2012 01.02.2013 08.11.2012 08.11.2012 13.02.2013 23.11.2012 20.12.2012 10.12.2012 18.12.2012 27.11.2012 14.11.2012 16.01.2013

2.47% 2.97% 1.45% 2.58% 2.65% 1.84% 4.95% 4.30%

28.12.2012 07.11.2012 28.12.2012 14.12.2012 28.12.2012 12.03.2013 30.11.2012 06.02.2013

1.72% 2.26% 2.32% 3.19% 2.71% 1.08%

09.11.2012 28.12.2012 21.12.2012 13.02.2013 12.12.2012 04.01.2013

3.01% 3.00% 2.10%

16.11.2012 26.12.2012 15.11.2012

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 17.17 22.38 22.94 24.26 25.54 32.77 17.44 21.07 21.76 28.62 53.44 21.04 39.63 41.16 27.89 27.96 55.36 23.20 22.69 22.93 24.40 36.15 13.44 26.54 27.09 40.02 20.55 12.53 12.59 30.62 41.84 30.47 28.53 36.04 20.52 13.71 36.18 19.55 43.55 23.25 31.50 22.43 29.31 12.51 34.61 28.90 31.81 20.18 31.16 13.78 60.57 27.18 29.02 14.35 58.78 24.66 26.39 34.46 20.70 20.13 25.87 35.68 90.38 14.80 16.80 29.83 26.53 31.65 27.98 31.85 27.75 31.80 72.40 23.12 34.95 37.99 48.76 30.94 31.83 19.86 18.49 11.51 22.26 54.85 35.89 26.77 46.04 30.41 21.63 30.77 33.97 42.78 31.48 33.45 27.87 18.44 14.85 38.36 16.86 33.82 35.70 15.86 21.33 22.61 23.19 33.88 26.27 20.92 37.80 25.56 21.72 29.61 15.09 26.81 23.72 20.14 22.16 38.76 30.06 38.36 24.29 38.72 29.46 24.54 34.35 29.39

13.74 19.89 20.08 22.51 23.33 31.00 17.30 20.34 22.89 25.10 46.18 22.84 36.07 39.57 25.47 26.89 48.79 22.50 21.48 23.82 22.74 31.40 12.78 25.57 26.37 37.39 19.70 11.66 12.38 26.37 39.63 28.26 26.22 33.34 19.02 13.13 33.77 19.25 43.00 20.91 30.07 21.44 28.11 12.84 32.80 27.38 27.42 19.05 27.17 13.78 51.29 24.90 25.60 13.65 50.45 25.43 26.41 30.79 21.78 19.97 25.53 34.67 80.79 13.96 16.22 27.94 25.24 30.03 25.65 30.43 26.09 29.60 57.44 21.78 33.64 38.54 45.78 29.67 29.63 18.63 18.08 12.20 20.94 51.67 32.71 26.85 40.97 26.24 23.13 29.85 30.03 39.06 27.37 32.17 24.98 17.31 14.42 36.92 14.73 31.40 36.68 15.16 20.20 20.86 23.03 28.29 25.97 17.32 31.35 26.65 20.88 27.82 15.41 23.58 22.61 17.83 20.53 35.40 28.94 37.35 22.19 33.54 27.00 22.29 37.81 27.75

12.59 19.58 19.28 22.17 23.44 30.92 18.03 20.28 23.39 24.12 44.05 22.92 34.78 39.52 24.72 26.82 46.73 23.17 21.10 24.42 22.53 30.00 12.78 25.54 26.67 37.35 19.52 11.46 12.72 24.76 39.28 28.54 25.89 32.59 18.86 13.29 33.69 19.62 42.66 20.00 29.97 21.28 28.36 13.24 32.45 27.37 25.60 19.04 26.02 14.27 48.07 24.56 25.48 13.95 47.65 25.90 27.01 30.33 22.38 19.97 25.67 34.33 76.36 14.30 16.54 27.21 25.40 29.81 25.26 30.10 26.12 28.21 53.26 21.82 33.72 36.77 45.02 29.78 28.77 18.77 19.05 12.43 20.63 50.86 31.64 27.01 39.74 25.22 23.71 29.96 30.12 38.14 26.07 31.49 24.39 17.35 14.95 36.18 14.76 31.53 36.99 14.88 20.15 21.03 21.47 27.74 26.66 16.60 29.56 26.92 20.93 27.68 15.77 24.38 22.63 17.45 20.11 34.30 28.99 37.33 21.96 31.89 26.90 21.63 37.22 27.62

13.07 21.46 19.82 22.98 25.70 33.86 19.81 22.18 24.44 24.75 43.88 25.38 35.10 24.60 27.93 46.14 25.45 23.20 25.96 23.69 29.68 13.83 28.57 39.04 19.92 12.00 13.74 23.72 40.65 30.98 27.44 32.91 20.18 14.75 33.26 20.64 42.14 19.03 31.32 22.96 30.63 14.98 33.28 23.29 20.98 26.97 15.64 47.25 26.17 27.75 15.60 47.26 27.15 28.60 31.61 23.60 20.43 27.10 34.18 75.05 15.74 18.05 27.09 27.67 30.89 26.22 30.61 28.20 25.52 57.47 23.70 35.41 35.46 45.61 31.98 30.09 20.22 20.30 12.88 20.99 55.31 29.90 27.60 41.35 26.16 25.08 31.58 32.52 38.97 26.06 31.89 25.42 18.65

12.90 23.81 24.26 27.81 35.81 21.57 24.06 26.02 43.84 27.00 36.40

30.10

12.83 24.96

12.87 25.67

28.87

29.52

22.69

23.45

27.00

27.80

37.35

30.94

38.32

31.23

27.49 25.27 28.38

29.72

30.65

30.06

30.39

30.60

29.99 39.00

39.11

39.49

15.63

16.73

17.50

40.80 32.99 29.52 34.53

40.97

41.22

30.79 35.48

31.81 36.12

23.75

24.47

18.66 32.82

18.83 33.25

35.63

36.06

32.77 22.67 41.63 18.63 32.29 24.62 32.38 16.93 34.87

28.20 18.38 47.07 27.83 29.16 17.60 47.36 27.42 29.86

29.17 19.09 46.92 28.38 29.71 18.44 47.84 27.34 30.52

30.13 19.05 46.74 28.62 29.98 18.89 48.49 27.14 31.00

25.67

27.07

28.23

28.70

29.04

29.04

72.79 18.13 19.77

18.88

19.05

32.75

33.96

34.91

25.68

24.97

37.44 37.27 46.37 31.72

37.80 41.41 46.35 32.35

23.39

24.03

16.31

16.92

30.38 25.83 56.88 26.43 36.84 33.92 46.26 31.58 31.16 22.25 21.97 15.15 56.75 28.86 28.56 42.82 27.29 27.47 33.19 34.65

32.92 27.52

28.64 29.26 43.67

28.48 29.86 44.37

28.84 34.31 35.85

29.91 35.31 36.50

28.55

29.11

37.63 16.30 33.27 38.02 15.94 21.48 23.18

39.09 34.34 40.70 16.85 23.49 25.02

35.05 42.07

35.57 42.76

24.56

25.27

29.83 29.75 18.81 29.41 27.01 22.98 29.89 16.68 24.38 24.58 18.64 20.43 34.08 29.91 38.36 23.85 31.99 29.15 22.00 38.19 29.09

30.87

30.69

30.03

29.76 29.32 24.89 31.97

30.17 30.65

30.47 31.47

25.47 26.73 20.90

26.39

27.09

21.86

22.31

35.68 30.79 38.52 26.14 32.73

36.86 31.47 38.33 27.04 33.07

37.76 32.13 38.07 27.47 33.23

22.52 39.98

23.13

23.66

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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

-0.079 -0.285 -0.219 -0.350 -0.244 -0.234 -0.317 -0.348 -0.282 -0.360 -0.311 -0.232 -0.092 -0.241 -0.242 -0.235 -0.166 -0.296 -0.242 -0.283 -0.239 -0.156 -0.369 -0.342 -0.294 -0.242 -0.194 -0.331 -0.310 -0.307 -0.114 -0.342 -0.313 -0.211 -0.314 -0.302 -0.157 -0.308 -0.150 -0.104 -0.263 -0.298 -0.272 -0.269 -0.284 -0.249 -0.308 -0.210 -0.245 -0.267 -0.241 -0.228 -0.258 -0.246 -0.188 -0.199 -0.315 -0.275 -0.264 -0.304 -0.237 -0.198 -0.212 -0.152 -0.377 -0.151 -0.296 -0.310 -0.354 -0.286 -0.054 -0.037 -0.224 -0.359 -0.221 -0.412 -0.158 -0.218 -0.229 -0.359 -0.321 -0.362 -0.285 -0.183 -0.184 -0.247 -0.305 -0.159 -0.455 -0.221 -0.265 -0.277 -0.230 -0.244 -0.185 -0.197 -0.331 -0.253 -0.258 -0.231 -0.195 -0.261 -0.280 -0.337 -0.128 -0.109 -0.295 -0.765 -0.169 -0.132 -0.343 -0.271 -0.310 -0.219 -0.284 -0.237 -0.305 -0.200 -0.298 -0.018 -0.214 -0.208 -0.216 -0.272 -0.163 -0.301

-0.248 -0.240 -0.199 -0.319 -0.208 -0.190 -0.247 -0.260 -0.248 -0.262 -0.226 -0.215 -0.114 -0.225 -0.210 -0.140 -0.239 -0.225 -0.241 -0.181 -0.117 -0.253 -0.252 -0.170 -0.165 -0.291 -0.171 -0.268 -0.182 -0.236 -0.244 -0.174 -0.302 -0.215 -0.159 -0.275 -0.165 -0.153 -0.179 -0.277 -0.213 -0.202 -0.253 -0.186 -0.240 -0.196 -0.198 -0.184 -0.213 -0.218 -0.252 -0.158 -0.186 -0.264 -0.241 -0.224 -0.263 -0.199 -0.189 -0.188 -0.208 -0.282 -0.241 -0.225 -0.244 -0.268 -0.285 -0.115 -0.140 -0.209 -0.294 -0.184 -0.102 -0.160 -0.197 -0.194 -0.268 -0.236 -0.232 -0.228 -0.111 -0.153 -0.220 -0.217 -0.146 -0.370 -0.197 -0.217 -0.249 -0.229 -0.201 -0.200 -0.238 -0.209 -0.140 -0.199 -0.156 -0.204 -0.235 -0.261 -0.142 -0.227 -0.212 -0.158 -0.093 -0.284 -0.215 -0.268 -0.177 -0.236 -0.231 -0.256 -0.172 -0.224 -0.125 -0.198 -0.174 -0.286 -0.206 -0.154 -0.256

-0.146 -0.111 -0.113 0.001 -0.172 -0.146 -0.137 0.009 0.008 -0.237 0.012 -0.166 -0.148 -0.140 0.003 -0.154 0.008 -0.202 -0.180 -0.163 0.017 -0.204 0.006 -0.183 -0.148 -0.124 0.002 0.027 -0.176 0.010 -0.180 0.017 -0.091 -0.080 -0.078 0.012 0.005 0.000 -0.174 -0.153 -0.139 0.008 0.003 -0.193 0.007 -0.198 0.017 -0.188 -0.161 -0.144 0.004 0.013 -0.117 -0.108 -0.097 0.003 0.002 0.005 -0.200 0.011 -0.119 -0.101 -0.097 0.008 0.003 0.000 -0.142 -0.131 -0.126 0.003 0.001 -0.196 -0.170 -0.134 0.008 -0.180 0.010 -0.184 -0.158 -0.144 0.004 -0.147 -0.133 -0.123 0.007 0.004 0.001 -0.131 0.011 -0.207 -0.172 -0.154 0.011 -0.141 0.018 -0.146 -0.130 -0.114 0.010 -0.131 -0.118 -0.115 0.013 -0.217 0.010 -0.165 0.011 -0.144 0.003 -0.214 -0.191 -0.173 0.009 0.005 0.000 0.010 -0.147 -0.139 -0.147 0.006 -0.138 -0.114 -0.097 0.006 -0.149 -0.133 -0.122 0.006 -0.155 -0.134 -0.128 0.004 -0.171 -0.146 -0.129 0.009 -0.214 -0.185 -0.165 0.013 -0.123 -0.104 -0.090 0.000 -0.157 -0.144 -0.138 0.004 -0.198 -0.170 -0.157 0.014 -0.001 -0.172 -0.149 -0.137 0.012 0.021 -0.155 -0.124 -0.089 0.008 0.001 -0.149 0.003 -0.147 -0.122 -0.095 0.002 -0.240 0.010 0.002 0.008 -0.180 -0.152 -0.136 0.004 0.014 0.008 -0.102 0.006 -0.131 -0.111 -0.105 0.015 -0.162 -0.001 -0.217 0.007 -0.143 -0.129 -0.125 0.008 -0.107 -0.213 -0.535 0.022 -0.145 -0.123 -0.096 0.010 -0.169 -0.145 -0.120 0.002 -0.155 0.013 -0.208 -0.184 -0.167 0.008 -0.186 0.017 -0.145 -0.125 -0.127 0.016 0.017 -0.081 0.020 -0.119 -0.111 -0.118 0.013 -0.177 -0.150 -0.129 0.015 -0.167 -0.150 -0.143 0.003 -0.114 0.004 -0.284 -0.240 -0.203 0.001 -0.155 -0.139 -0.134 0.007 -0.169 -0.145 -0.130 0.005 0.014 -0.001 -0.172 0.019 -0.121 -0.084 -0.084 0.003 0.003 0.009 -0.170 0.005 0.017 -0.164 -0.145 -0.132 0.010 -0.102 -0.083 -0.075 0.008 -0.174 0.000 -0.185 -0.165 -0.150 0.015 -0.209 0.011 0.002 -0.113 -0.099 -0.094 0.007 0.001 0.000 -0.133 -0.121 -0.116 0.012 -0.084 -0.080 -0.070 0.019 -0.218 0.017 -0.169 0.010 0.022 -0.141 -0.118 -0.107 0.016 -0.203 0.015 -0.189 -0.165 -0.150 0.011 0.005 -0.141 -0.126 -0.117 0.005 -0.172 -0.148 -0.134 0.011 -0.117 -0.102 -0.094 0.002 -0.158 -0.142 -0.134 0.008 -0.139 -0.121 -0.110 0.007 0.002 -0.193 -0.160 -0.155 0.005 -0.127 0.003 0.008

0.001 0.010 0.006 0.008 0.004 0.006 0.012 0.009 0.005 0.015 0.006 0.009 0.009 0.007 0.004 0.006 0.002 0.007 0.010 0.006 0.008 0.005 0.011 0.009 0.008 0.003 0.004 0.012 0.010 0.002 0.009 0.008 0.008 0.006 0.006 0.009 0.006 0.011 0.008 0.009 0.008 0.009 0.008 0.005 0.006 0.005 0.005 0.013 0.005 0.010 0.004 0.006 0.004 0.015 0.001 0.003 0.011 0.005 0.007 0.015 0.003 0.003 0.002 0.002 0.010 0.000 0.006 0.004 0.009 0.004 0.007 0.010 0.002 0.007 0.005 0.013 0.005 0.005 0.007 0.009 0.012 0.013 0.013 0.013 0.007 0.010 0.005 0.004 0.009 0.004 0.005 0.007 0.006 0.010 0.007 0.003 0.008 0.003 0.011 0.006 0.006 0.004 0.010 0.009 0.002 0.012 0.007 0.023 0.007 0.006 0.010 0.006 0.011 0.012 0.009 0.010 0.006 0.003 0.006 0.003 0.007 0.004 0.006 0.007 0.004 0.006

0.001 0.010 0.004 0.005 0.004 0.004 0.009 0.007 0.005 0.009 0.003 0.008 0.007 0.005 0.005 0.005 0.001 0.005 0.008 0.006 0.006 0.004 0.012 0.007 0.005 0.001 0.004 0.012 0.010 0.002 0.007 0.005 0.008 0.004 0.006 0.010 0.003 0.009 0.004 0.008 0.006 0.008 0.005 0.009 0.005 0.005 0.006 0.012 0.004 0.010 0.003 0.005 0.003 0.014 0.002 0.003 0.008 0.006 0.005 0.012 0.004 0.004 0.002 0.003 0.009 0.001 0.005 0.003 0.007 0.004 0.007 0.007 0.002 0.006 0.004 0.010 0.004 0.005 0.005 0.008 0.012 0.012 0.010 0.010 0.005 0.007 0.005 0.003 0.010 0.003 0.004 0.005 0.007 0.006 0.007 0.003 0.008 0.002 0.009 0.004 0.005 0.009 0.007 0.006 0.004 0.010 0.007 0.024 0.004 0.002 0.008 0.006 0.007 0.008 0.008 0.009 0.006 0.003 0.004 0.003 0.006 0.003 0.007 0.007 0.004 0.005

0.006 0.004 0.003 0.002 0.002 0.001 0.005 0.004 0.002 0.003 0.003 0.003 0.002 0.003 0.003 0.002 0.002 0.004 0.003 0.003 0.001 0.007 0.002 0.001 0.003 0.007 0.004 0.002 0.003 0.002 0.003 0.002 0.006 0.005 0.002 0.004 0.002 0.005 0.002 0.003 0.003 0.005 0.003 0.004 0.002 0.002 0.006 0.002 0.003 0.001 0.007 0.001 0.001 0.002 0.002 0.002 0.005 0.004 0.003 0.001 0.006 0.005 0.011 0.002 0.002 0.004 0.007 0.003 0.003 0.001 0.003 0.002 0.005 0.001 0.003 0.002 0.005 0.004 0.007 0.005 0.003 0.002 0.004 0.002 0.002 0.006 0.002 0.002 0.004 0.003 0.002 0.002 0.005

0.004 0.002

0.003 0.002

0.002 0.001

0.001

0.001

0.001

0.001

0.001

0.001

0.002 0.001 0.001

0.001

0.001

0.002

0.001

0.001

0.001 0.002 0.002

0.001

0.001

0.001

0.001

0.001

0.001 0.001

0.001

0.000

0.003

0.002

0.002

0.003 0.001 0.001 0.001

0.002

0.001

0.001 0.001

0.001 0.001

0.002

0.001

0.002 0.001

0.002 0.001

0.001

0.001

0.001 0.003 0.001 0.002 0.001 0.003 0.001 0.001 0.002

0.001 0.002 0.001 0.001 0.001 0.002 0.001 0.001 0.001

0.001 0.002 0.001 0.001 0.001 0.002 0.001 0.001 0.001

0.001

0.001

0.001

0.002

0.002

0.001

0.001 0.002 0.003

0.001

0.002

0.001

0.001

0.001

0.000

0.001

0.001 0.002 0.001 0.002

0.001 0.007 0.001 0.001

0.002

0.001

0.003

0.002

0.001 0.001 0.001

0.001 0.001 0.001

0.002 0.001 0.001

0.002 0.001 0.001

0.005

0.004

0.001 0.001 0.001 0.002 0.002 0.001

0.001 0.002 0.001 0.003 0.001 0.002 0.002 0.002 0.002

0.002 0.001 0.000 0.001 0.001 0.005 0.001 0.002 0.001 0.003 0.002 0.004 0.001 0.001 0.002 0.001 0.001 0.004 0.001 0.001

0.000 0.004

0.001 0.006 0.002 0.002 0.006 0.004 0.003

0.001 0.001 0.001 0.003 0.002 0.002

0.001 0.001

0.001 0.001

0.002

0.002

0.002 0.002 0.006 0.002 0.004 0.003 0.002 0.008 0.004 0.004 0.004 0.004 0.002 0.003 0.002 0.003 0.002 0.004 0.002 0.002 0.003

0.001

0.001

0.000

0.001 0.002 0.002 0.001

0.001 0.002

0.001 0.002

0.002 0.002 0.002

0.002

0.001

0.001

0.001

0.002 0.002 0.001 0.002 0.001

0.001 0.001 0.001 0.001 0.001

0.001 0.001 0.001 0.001 0.001

0.007 0.001

0.005

0.003


16.10.2012

S&P 500 Index

Ticker

Name

GICS_SECTOR_NAME

ATM2 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

JDSU UW Equity JDS UNIPHASE CORP

Information Technology

10.37

55.39

49.48

48.42

49.54

SJM UN Equity

JM SMUCKER CO/THE

Consumer Staples

83.68

2.58%

07.11.2012

20.76

18.67

18.20

18.58

JNJ UN Equity

JOHNSON & JOHNSON

Health Care

68.60

3.67%

23.11.2012

11.63

10.38

10.33

11.72

50.04 13.26

14.17

14.95

-0.430 -0.318 -0.263 -0.193 -0.158

0.012

0.008

0.006

0.002

-0.221 -0.287 -0.277 -0.131

0.004

0.007

0.007

0.004

-0.162 -0.208 -0.196 -0.166 -0.107 -0.084 -0.078 0.004

0.011

0.011

0.004

JCI UN Equity

JOHNSON CONTROLS INC

Consumer Discretionary

26.00

3.08%

05.12.2012

31.38

29.47

29.13

30.38

32.55

33.69

34.40

JOY UN Equity

JOY GLOBAL INC

Industrials

60.01

1.33%

05.12.2012

43.92

43.96

44.16

44.99

46.35

47.35

48.21

JPM UN Equity

JPMORGAN CHASE & CO

Financials

42.38

3.19%

04.01.2013

23.36

23.31

24.64

26.19

27.61

JNPR UN Equity

JUNIPER NETWORKS INC

Information Technology

16.79

49.09

43.42

41.77

42.42

43.45

0.003

0.002

0.002

-0.358 -0.342 -0.315 -0.242 -0.187 -0.162 -0.145 0.004

0.005

0.005

0.002

0.002

0.001

0.001

-0.240 -0.200 -0.184 -0.173 -0.154 -0.145 -0.140 0.008

0.004

0.003

0.001

0.001

0.001

0.001

-0.285 -0.243 -0.228 -0.228 -0.200

0.014

0.012

0.008

0.004

0.002

-0.271 -0.230 -0.208 -0.168 -0.133 -0.124 -0.124 0.006

0.005

0.004

0.002

0.001

0.001

K UN Equity

KELLOGG CO

Consumer Staples

51.70

3.44%

30.11.2012

14.55

13.24

12.88

13.92

KEY UN Equity

KEYCORP

Financials

8.35

2.64%

30.11.2012

30.80

29.49

28.04

30.92

0.001

15.21

-0.177 -0.176 -0.256 -0.215 -0.154

0.003

0.004

0.007

0.006

0.003

32.79

-0.564 -0.396 -0.352 -0.230 -0.155

0.022

0.018

0.013

0.004

0.001

KMB UN Equity

KIMBERLY-CLARK CORP

Consumer Staples

86.27

3.64%

12.12.2012

14.41

13.38

13.19

13.96

16.04

KIM UN Equity

KIMCO REALTY CORP

Financials

20.44

3.91%

04.01.2013

23.80

20.83

20.32

22.48

KMI UN Equity

KINDER MORGAN INC

Energy

34.89

4.39%

01.11.2012

16.73

19.08

20.10

21.32

22.35

-0.357 -0.331 -0.298 -0.230 -0.180 -0.153 -0.132 0.009

0.003

0.002

0.002

KLAC UW Equity

KLA-TENCOR CORPORATION

Information Technology

KSS UN Equity

KOHLS CORP

0.001

0.001

0.001

0.001

0.001

0.000

0.001

0.000

45.76

3.61%

15.11.2012

29.56

28.49

28.62

30.34

32.03

Consumer Discretionary

51.71

2.65%

03.12.2012

29.47

27.08

26.40

26.74

27.92

KRFT UW Equity KRAFT FOODS GROUP INC

Consumer Staples

46.96

4.26%

28.12.2012

16.56

15.10

14.84

14.96

15.11

KR UN Equity

KROGER CO

Consumer Staples

23.43

2.56%

13.02.2013

19.43

20.22

20.85

22.19

23.33

LLL UN Equity

L-3 COMMUNICATIONS HOLDINGS

Industrials

72.75

2.96%

16.11.2012

19.87

18.50

18.51

19.69

21.49

LH UN Equity

LABORATORY CRP OF AMER HLDGS

Health Care

93.59

21.70

21.11

21.06

21.49

LRCX UW Equity LAM RESEARCH CORP

Information Technology

32.67

33.72

31.71

30.99

32.56

LM UN Equity

LEGG MASON INC

Financials

24.81

2.02%

14.12.2012

31.15

29.70

30.55

33.27

LEG UN Equity

LEGGETT & PLATT INC

Consumer Discretionary

25.17

4.65%

14.12.2012

25.14

22.31

21.89

LEN UN Equity

LENNAR CORP-A

Consumer Discretionary

37.05

0.32%

22.01.2013

38.12

38.72

39.31

LUK UN Equity

LEUCADIA NATIONAL CORP

Financials

22.28

1.12%

14.12.2012

30.64

30.17

30.13

LIFE UW Equity

LIFE TECHNOLOGIES CORP

Health Care

48.84

31.37

26.94

LNC UN Equity

LINCOLN NATIONAL CORP

Financials

24.00

2.00%

10.01.2013

33.77

LLTC UW Equity

LINEAR TECHNOLOGY CORP

Information Technology

32.04

3.31%

13.11.2012

26.49

LMT UN Equity

LOCKHEED MARTIN CORP

Industrials

92.50

4.97%

28.02.2013

17.35

L UN Equity

LOEWS CORP

Financials

41.69

0.60%

28.11.2012

LO UN Equity

LORILLARD INC

Consumer Staples

115.45

5.50%

27.11.2012

LOW UN Equity

LOWE'S COS INC

Consumer Discretionary

32.20

2.05%

18.01.2013

LSI UN Equity

LSI CORP

Information Technology

6.52

LTD UN Equity

LIMITED BRANDS INC

Consumer Discretionary

48.35

2.25%

LYB UN Equity

LYONDELLBASELL INDU-CL A

Materials

51.42

MTB UN Equity

M & T BANK CORP

Financials

M UN Equity

MACY'S INC

MRO UN Equity

MARATHON OIL CORP

MPC UN Equity

MARATHON PETROLEUM CORP

MAR UN Equity

44.14

16.72

44.71

16.82

0.001

0.010

0.010

0.006

0.000 -0.140 -0.193 -0.214

0.000

0.003

0.004

0.005

-0.143 -0.168 -0.225 -0.143 -0.099

0.002

0.006

0.008

0.007

0.004

-0.353 -0.264 -0.251 -0.193 -0.148

0.008

0.005

0.003

0.002

0.001

-0.197 -0.234 -0.235 -0.201 -0.169 -0.150 -0.133 0.004

0.005

0.004

0.003

0.002

-0.100 -0.159 -0.196 -0.219 -0.180

0.000

0.002

0.004

0.005

0.003

-0.111 -0.201 -0.215 -0.168 -0.134 -0.120 -0.110 0.002

0.005

0.005

0.003

0.002

-0.431 -0.343 -0.309 -0.277 -0.179

0.012

0.009

0.007

0.005

0.001

-0.265 -0.259 -0.244 -0.190

0.007

0.004

0.003

0.002

34.24

-0.314 -0.234 -0.224 -0.186 -0.155

0.009

0.005

0.004

0.002

0.001

34.90

-0.471 -0.302 -0.258 -0.235 -0.182

0.016

0.009

0.006

0.003

0.001

-0.122 -0.115 -0.137

0.003

0.002

0.003

-0.345 -0.231 -0.194 -0.168 -0.116 -0.099 -0.102 0.010

0.004

0.003

0.002

0.001

-0.107 -0.160 -0.160

0.004

0.005

0.005

-0.258 -0.237 -0.208 -0.162 -0.149

0.009

0.006

0.004

0.002

0.001

28.69 23.82

24.08

40.73

40.52

26.66

27.97

28.90

31.71

31.37

32.79

35.24

-0.492 -0.419 -0.368 -0.253 -0.181 -0.152 -0.132 0.014

0.007

0.004

0.003

0.001

25.26

24.93

25.09

26.47

-0.312 -0.291 -0.267 -0.203 -0.159

0.006

0.006

0.005

0.003

0.002

16.17

15.92

16.73

18.17

-0.394 -0.385 -0.327 -0.250 -0.186

0.009

0.010

0.009

0.005

0.003

16.45

16.51

16.88

-0.338 -0.339 -0.329

0.010

0.010

0.009

27.76

26.65

26.72

26.55

26.54

-0.414 -0.258 -0.241 -0.208 -0.176

0.009

0.006

0.003

0.002

0.001

24.92

24.81

25.00

25.80

27.29

28.27

29.04

-0.426 -0.324 -0.282 -0.233 -0.181 -0.158 -0.144 0.015

0.010

0.007

0.004

0.002

0.001

0.001

45.49

42.17

41.52

43.37

46.71

47.45

47.25

-0.290 -0.243 -0.204 -0.126 -0.077 -0.072 -0.080 0.001

0.006

0.007

0.002

0.000

0.000

0.000

23.11.2012

30.67

28.06

27.46

28.55

30.43

31.55

32.40

-0.414 -0.332 -0.288 -0.222 -0.156 -0.133 -0.129 0.009

0.007

0.005

0.003

0.001

0.001

0.001

3.89%

23.11.2012

34.30

31.71

31.39

32.69

34.60

-0.288 -0.362 -0.329 -0.208 -0.150

0.002

0.005

0.003

0.002

0.001

97.48

2.87%

30.11.2012

20.28

19.51

19.44

20.29

-0.311 -0.324 -0.308 -0.250

0.006

0.007

0.007

0.004

Consumer Discretionary

39.91

2.31%

14.12.2012

27.62

26.32

26.64

29.46

31.72

32.82

33.69

-0.400 -0.322 -0.286 -0.233 -0.179 -0.156 -0.143 0.011

0.007

0.005

0.003

0.001

0.001

0.001

Energy

29.87

2.58%

13.11.2012

27.03

26.04

26.20

27.98

29.46

30.58

31.66

-0.350 -0.312 -0.288 -0.238 -0.179 -0.150 -0.131 0.013

0.008

0.006

0.004

0.002

0.001

0.001

Energy

54.38

2.63%

16.11.2012

35.59

34.61

34.18

33.37

33.69

34.31

35.00

-0.168 -0.120 -0.125 -0.194 -0.147 -0.105 -0.079 0.009

0.006

0.004

0.002

0.001

0.001

0.001

MARRIOTT INTERNATIONAL

Consumer Discretionary

38.53

1.51%

29.11.2012

23.29

23.77

24.48

26.75

29.68

31.36

32.60

-0.348 -0.343 -0.319 -0.233 -0.182 -0.156 -0.134 0.006

0.005

0.004

0.003

0.001

0.001

0.001

MMC UN Equity

MARSH & MCLENNAN COS

Financials

34.54

2.78%

30.01.2013

17.69

16.04

15.85

16.99

17.90

-0.346 -0.272 -0.248 -0.243 -0.176

0.006

0.006

0.006

0.005

0.004

MAS UN Equity

MASCO CORP

Industrials

14.78

2.03%

02.01.2013

46.43

43.00

42.15

42.98

43.87

44.95

46.14

-0.380 -0.307 -0.273 -0.232 -0.193 -0.166 -0.140 0.007

0.005

0.004

0.002

0.001

0.001

0.001

MA UN Equity

MASTERCARD INC-CLASS A

Information Technology

475.82

0.25%

09.01.2013

25.07

22.83

22.57

24.40

26.51

27.54

28.20

-0.280 -0.237 -0.215 -0.181 -0.156 -0.142 -0.129 0.013

0.008

0.006

0.002

0.001

0.001

0.000

MAT UW Equity

MATTEL INC

Consumer Discretionary

35.42

3.92%

19.02.2013

30.57

26.06

24.61

24.86

25.90

26.59

27.13

-0.150 -0.155 -0.154 -0.152 -0.131 -0.125 -0.127 0.007

0.006

0.005

0.003

0.002

0.001

0.001

MKC UN Equity

MCCORMICK & CO-NON VTG SHRS

Consumer Staples

61.84

2.20%

28.12.2012

15.14

17.36

17.42

0.000

0.000

0.000

0.001

MCD UN Equity

MCDONALD'S CORP

Consumer Discretionary

93.50

3.29%

25.02.2013

15.18

14.05

14.10

15.65

-0.238 -0.260 -0.183 -0.165 -0.136

0.007

0.010

0.012

0.006

0.003

MHP UN Equity

MCGRAW-HILL COMPANIES INC

Consumer Discretionary

55.82

1.85%

28.11.2012

23.95

23.07

22.78

22.68

-0.302 -0.332 -0.325 -0.256

0.006

0.006

0.006

0.004

MCK UN Equity

MCKESSON CORP

Health Care

90.88

0.97%

29.11.2012

19.68

17.21

17.82

20.32

21.53

22.08

22.27

-0.348 -0.301 -0.279 -0.239 -0.178 -0.154 -0.146 0.009

0.009

0.007

0.003

0.002

0.001

0.001

MJN UN Equity

MEAD JOHNSON NUTRITION CO

Consumer Staples

70.77

1.91%

19.12.2012

24.31

23.40

24.43

27.07

26.27

26.69

28.19

-0.262 -0.188 -0.169 -0.158 -0.120 -0.093 -0.079 0.012

0.011

0.008

0.002

0.004

0.004

0.002

MWV UN Equity

MEADWESTVACO CORP

Materials

30.15

3.58%

20.11.2012

22.86

21.77

21.80

0.000 -0.311 -0.341

0.000

0.005

0.005

MDT UN Equity

MEDTRONIC INC

Health Care

43.14

2.50%

02.01.2013

19.97

20.58

20.87

22.12

23.02

23.44

23.89

-0.320 -0.275 -0.243 -0.192 -0.163 -0.147 -0.132 0.022

0.012

0.008

0.004

0.002

0.001

0.001

MRK UN Equity

MERCK & CO. INC.

Health Care

46.59

3.78%

14.12.2012

15.50

15.31

15.53

16.78

18.62

19.64

20.33

-0.513 -0.367 -0.294 -0.222 -0.164 -0.141 -0.131 0.021

0.014

0.010

0.006

0.003

0.002

0.002

MET UN Equity

METLIFE INC

Financials

34.95

2.12%

07.11.2012

26.16

26.62

26.49

28.85

30.44

-0.266 -0.193 -0.200 -0.186 -0.159

0.014

0.011

0.009

0.004

0.002

PCS UN Equity

METROPCS COMMUNICATIONS INC

Telecommunication Services 11.33

50.39

49.68

47.56

42.17

38.66

-0.265 0.059 -0.028 -0.129 -0.078 -0.148 -0.293 0.013

0.000

0.000

0.001 -0.002 0.003

0.013

24.87

22.91

22.79

24.15

26.02

-0.301 -0.277 -0.267 -0.246 -0.185

41.38

44.21

45.74

48.70

0.005

0.006

0.006

0.003

0.002

52.56

54.57

55.93

-0.150 -0.185 -0.187 -0.158 -0.143 -0.138 -0.136 0.015

0.009

0.006

0.002

0.001

0.001

0.001

24.84

26.53

27.57

-0.215 -0.172 -0.178 -0.153 -0.129 -0.113 -0.091 0.017

0.013

0.010

0.005

0.002

0.001

0.001

0.000 -0.158 -0.196 -0.158

0.000

0.004

0.004

0.003

-0.133 -0.120 -0.108 -0.100 -0.084 -0.075 -0.068 0.005

0.008

0.008

0.004

0.002

0.001

0.001

-0.192 -0.209 -0.212 -0.181 -0.149

0.001

0.001

32.20

Information Technology

5.72

MSFT UW Equity MICROSOFT CORP

Information Technology

29.51

3.12%

19.02.2013

21.90

20.31

21.04

22.30

MOLX UW Equity MOLEX INC

Information Technology

25.71

3.43%

28.12.2012

32.65

30.40

29.62

29.26

TAP UN Equity

Consumer Staples

44.50

3.06%

28.11.2012

25.01

22.70

22.24

23.36

24.46

MDLZ UW Equity MONDELEZ INTERNATIONAL INC-A

Consumer Staples

27.22

1.91%

28.12.2012

18.11

16.90

16.44

16.94

17.50

MON UN Equity

Materials

89.18

1.73%

02.01.2013

20.61

22.19

23.04

24.81

27.08

MNST UW Equity MONSTER BEVERAGE CORP

Consumer Staples

58.31

53.15

46.68

45.20

44.74

41.89

MCO UN Equity

MOODY'S CORP

Financials

45.07

1.55%

21.11.2012

32.82

27.91

27.80

30.32

MS UN Equity

MORGAN STANLEY

Financials

17.75

1.13%

29.10.2012

39.16

37.51

37.13

MOS UN Equity

MOSAIC CO/THE

Materials

53.92

2.13%

29.01.2013

27.25

26.47

28.42

MSI UN Equity

MOTOROLA SOLUTIONS INC

Information Technology

50.35

2.13%

14.12.2012

25.86

23.59

MUR UN Equity

MURPHY OIL CORP

Energy

59.00

2.12%

14.02.2013

30.27

MYL UW Equity

MYLAN INC

Health Care

23.96

22.44

NBR UN Equity

NABORS INDUSTRIES LTD

Energy

14.40

NDAQ UW Equity NASDAQ OMX GROUP/THE

Financials

23.69

2.19%

NOV UN Equity

0.66%

NATIONAL OILWELL VARCO INC

0.009 -0.034

32.92

Information Technology

MONSANTO CO

13.11.2012

37.06

35.81

MU UW Equity

MOLSON COORS BREWING CO -B

4.39%

36.39

41.55

17.39

MCHP UW Equity MICROCHIP TECHNOLOGY INC MICRON TECHNOLOGY INC

40.78

29.29

24.96

25.29

28.28

29.09

31.22

32.01

32.88

37.49

38.55

39.41

40.19

31.07

32.76

23.08

23.98

25.32

26.14

29.06

28.92

29.59

31.24

21.59

21.81

23.73

26.88

44.95

42.66

42.25

42.95

12.12.2012

23.68

22.90

23.22

05.12.2012

0.005

0.008

0.006

0.003

0.002

-0.329 -0.282 -0.253 -0.202 -0.167 -0.148 -0.131 0.009

0.007

0.006

0.003

0.001

-0.277 -0.214 -0.210 -0.156 -0.134

0.012

0.008

0.006

0.002

0.001

-0.389 -0.300 -0.283 -0.271 -0.221 -0.190 -0.164 0.012

0.011

0.007

0.001

0.002

0.001

0.001

-0.147 -0.194 -0.209 -0.207 -0.178 -0.156 -0.137 0.007

0.005

0.004

0.003

0.002

0.001

0.001

-0.236 -0.267 -0.284 -0.211 -0.167

0.014

0.008

0.005

0.002

0.001

26.78

-0.442 -0.289 -0.217 -0.154 -0.143 -0.135 -0.123 0.016

0.011

0.008

0.003

0.002

0.001

0.001

31.82

31.95

-0.277 -0.237 -0.220 -0.193 -0.174 -0.165 -0.158 0.010

0.006

0.004

0.002

0.001

0.001

0.001

28.26

28.95

-0.569 -0.371 -0.288 -0.237 -0.188 -0.162 -0.144 0.020

0.012

0.009

0.005

0.002

0.001

0.001

43.84

-0.236 -0.210 -0.193 -0.174 -0.150

0.003

0.003

0.003

0.002

0.001

25.74

28.29

-0.366 -0.405 -0.329 -0.281 -0.222

0.006

0.009

0.007

0.002

0.001 0.001

0.001

0.001

0.001

0.001

0.001

Energy

78.62

30.21

28.94

29.03

30.96

32.82

-0.348 -0.294 -0.273 -0.233 -0.192 -0.170 -0.152 0.012

0.007

0.005

0.003

0.002

NTAP UW Equity NETAPP INC

Information Technology

29.19

48.85

44.41

42.49

41.87

40.17

-0.138 -0.096 -0.119 -0.132 -0.121

0.005

0.002

0.002

0.001

0.001

NFLX UW Equity

NETFLIX INC

Consumer Discretionary

64.76

78.78

67.13

61.64

61.00

58.01

-0.221 -0.205 -0.165 -0.103 -0.073

0.002

0.002

0.001

0.001

0.000

NWL UN Equity

NEWELL RUBBERMAID INC

Consumer Discretionary

20.21

2.28%

30.11.2012

27.65

27.47

27.85

-0.319 -0.283 -0.257

0.006

0.006

0.005

NFX UN Equity

NEWFIELD EXPLORATION CO

Energy

33.28

40.24

37.90

36.91

39.38

40.29

-0.330 -0.307 -0.273 -0.215 -0.174

0.009

0.005

0.002

0.001

0.001

NEM UN Equity

NEWMONT MINING CORP

Materials

54.60

2.98%

07.12.2012

29.16

28.02

27.81

29.96

31.92

-0.140 -0.123 -0.097 -0.113 -0.097

0.018

0.009

0.006

0.003

0.002

NWSA UW Equity NEWS CORP-CL A

Consumer Discretionary

24.37

0.76%

11.03.2013

26.49

24.61

24.27

25.08

26.18

-0.227 -0.218 -0.213 -0.201 -0.138 -0.117 -0.117 0.004

0.003

0.003

0.003

0.002

NEE UN Equity

NEXTERA ENERGY INC

Utilities

69.66

3.66%

27.02.2013

12.49

11.84

11.95

13.47

15.38

-0.360 -0.368 -0.337 -0.273 -0.206

0.007

0.010

0.010

0.006

0.004

NKE UN Equity

NIKE INC -CL B

Consumer Discretionary

95.61

1.67%

06.12.2012

19.68

21.96

22.79

23.73

25.55

-0.306 -0.276 -0.254 -0.207 -0.151 -0.131 -0.124 0.007

0.007

0.007

0.003

0.002

NI UN Equity

NISOURCE INC

Utilities

25.46

3.81%

06.02.2013

17.68

17.26

17.15

17.20

0.000 -0.036 -0.075 -0.181

0.000

0.001

0.002

0.007

NE UN Equity

NOBLE CORP

Energy

36.86

1.44%

08.11.2012

30.43

29.22

29.63

31.99

33.62

-0.370 -0.285 -0.245 -0.203 -0.165

0.009

0.005

0.004

0.002

0.001

NBL UN Equity

NOBLE ENERGY INC

Energy

93.77

1.00%

08.11.2012

28.01

27.15

27.53

29.23

31.34

32.23

32.55

-0.336 -0.347 -0.328 -0.246 -0.193 -0.166 -0.147 0.017

0.008

0.005

0.003

0.001

0.001

0.001

JWN UN Equity

NORDSTROM INC

Consumer Discretionary

55.70

2.10%

28.11.2012

25.81

23.98

23.92

26.12

28.82

30.19

31.09

-0.407 -0.355 -0.318 -0.238 -0.177 -0.155 -0.144 0.010

0.006

0.005

0.003

0.001

0.001

0.001

NSC UN Equity

NORFOLK SOUTHERN CORP

Industrials

67.61

3.14%

31.10.2012

21.22

20.35

20.47

22.83

24.92

-0.275 -0.230 -0.233 -0.194 -0.166

0.005

0.005

0.005

0.003

0.002

NU UN Equity

NORTHEAST UTILITIES

Utilities

39.10

3.83%

09.11.2012

18.61

15.78

16.33

22.52

0.000

0.000

0.000

0.000

0.001

NTRS UW Equity NORTHERN TRUST CORP

Financials

46.66

2.66%

07.12.2012

24.25

23.19

22.79

22.62

24.07

-0.449 -0.387 -0.351 -0.291 -0.225

0.009

0.009

0.008

0.003

0.002

NOC UN Equity

NORTHROP GRUMMAN CORP

Industrials

69.46

3.25%

29.11.2012

18.40

17.36

17.54

19.20

20.88

-0.373 -0.359 -0.335 -0.264 -0.193

0.009

0.009

0.008

0.004

0.002

NRG UN Equity

NRG ENERGY INC

Utilities

23.27

2.00%

28.12.2012

35.08

33.80

32.97

33.76

33.76

-0.209 -0.150 -0.202 -0.181 -0.169

0.012

0.009

0.005

0.002

0.002

NUE UN Equity

NUCOR CORP

Materials

39.05

3.77%

31.12.2012

24.66

23.37

23.47

25.76

27.90

-0.411 -0.326 -0.277 -0.220 -0.167 -0.146 -0.134 0.009

0.008

0.007

0.003

0.002

0.001

0.001

NVDA UW Equity NVIDIA CORP

Information Technology

12.79

39.92

37.51

37.71

40.97

42.85

-0.025 -0.033 -0.051 -0.061 -0.071

0.014

0.009

0.006

0.002

0.001

NYX UN Equity

Financials

24.04

23.26

22.43

22.64

24.63

25.92

-0.492 -0.401 -0.307 -0.234 -0.162

0.016

0.010

0.008

0.002

0.001

ORLY UW Equity O'REILLY AUTOMOTIVE INC

Consumer Discretionary

82.51

OXY UN Equity

OCCIDENTAL PETROLEUM CORP

Energy

OMC UN Equity

OMNICOM GROUP

Consumer Discretionary

OKE UN Equity

ONEOK INC

NYSE EURONEXT

33.52

27.06 26.69

29.33

33.88

27.86 27.55

30.58

0.002

0.000 -0.030

4.99%

14.12.2012

34.08

29.95

28.66

28.78

28.95

28.98

29.22

-0.236 -0.188 -0.169 -0.152 -0.104 -0.079 -0.067 0.004

0.007

0.008

0.006

0.001

0.000

0.000

81.70

2.94%

08.03.2013

28.63

26.78

26.92

28.85

30.67

31.51

31.97

-0.371 -0.299 -0.259 -0.206 -0.164 -0.140 -0.120 0.016

0.009

0.006

0.003

0.001

0.001

0.001

52.46

2.43%

21.12.2012

20.48

19.37

19.29

20.66

-0.137 -0.283 -0.300 -0.239

0.001

0.007

0.007

0.004

Utilities

47.84

3.01%

07.11.2012

15.31

15.86

16.45

17.79

0.075 -0.248 -0.335 -0.226

0.008

0.011

0.009

0.004

ORCL UW Equity ORACLE CORP

Information Technology

31.30

20.35

-0.428 -0.318 -0.269 -0.214 -0.173

0.011

OI UN Equity

-0.183 -0.196 -0.221 -0.227 -0.161

0.001

0.001

0.003

0.002

0.002

0.003

0.002

0.001

0.001

0.86%

07.01.2013

22.77

22.83

24.56

27.23

Materials

20.16

37.99

34.29

34.56

37.16

38.28

PCAR UW Equity PACCAR INC

Industrials

40.28

2.14%

15.02.2013

29.71

27.04

27.18

29.04

30.71

0.009

0.008

0.003

0.002

0.001

0.004

0.004

0.001

0.001

-0.381 -0.324 -0.296 -0.237 -0.182 -0.160 -0.148 0.008

0.007

0.006

0.002

PLL UN Equity

PALL CORP

Industrials

63.30

1.58%

07.02.2013

20.21

22.71

23.57

0.001

0.007 -0.158 -0.190

0.000

0.002

0.003

PH UN Equity

PARKER HANNIFIN CORP

Industrials

80.67

2.24%

06.11.2012

28.66

28.40

29.09

30.52

-0.445 -0.357 -0.309 -0.255 -0.200

0.011

0.006

0.004

0.002

0.001

PDCO UW Equity PATTERSON COS INC

Health Care

34.59

1.79%

11.01.2013

19.24

20.43

21.20

22.93

PAYX UW Equity

PAYCHEX INC

Information Technology

32.84

4.02%

01.11.2012

15.36

16.63

16.39

17.38

19.37

BTU UN Equity

PEABODY ENERGY CORP

Energy

25.56

1.33%

30.10.2012

51.55

48.48

47.41

47.11

46.79

-0.132 -0.279 -0.294 -0.220

0.002

0.007

0.007

0.002

-0.133 -0.369 -0.323 -0.236 -0.183

0.003

0.011

0.009

0.004

0.002

-0.331 -0.323 -0.291 -0.234 -0.175

0.005

0.004

0.003

PNR UN Equity

PENTAIR LTD-REGISTERED

Industrials

43.91

2.14%

23.01.2013

34.93

25.92

22.28

0.002

0.001

23.05

-0.158 -0.091 -0.024 -0.017

0.002

0.002

0.002

0.008

PBCT UW Equity PEOPLE'S UNITED FINANCIAL

Financials

12.08

5.34%

30.10.2012

20.20

20.01

19.94

20.19

0.000 -0.120 -0.153 -0.138

0.000

0.001

0.003

0.005

POM UN Equity

PEPCO HOLDINGS INC

Utilities

19.39

5.57%

12.12.2012

13.47

PEP UN Equity

PEPSICO INC

Consumer Staples

70.34

3.23%

05.12.2012

13.71

PKI UN Equity

PERKINELMER INC

Health Care

29.83

0.94%

16.01.2013

24.91

13.28

13.09

12.67

-0.164 -0.164 -0.163 -0.194

12.31

12.18

13.57

24.82

24.02

PRGO UW Equity PERRIGO CO

Health Care

118.10

0.31%

21.11.2012

24.06

22.49

23.03

25.59

PETM UW Equity PETSMART INC

Consumer Discretionary

69.51

0.99%

PFE UN Equity

PFIZER INC

Health Care

25.57

3.68%

PCG UN Equity

P G & E CORP

Utilities

42.63

4.27%

23.01.2013

28.71

25.42

24.48

24.89

25.33

07.11.2012

15.28

15.21

15.05

16.55

18.27

28.12.2012

18.50

15.74

14.92

PM UN Equity

PHILIP MORRIS INTERNATIONAL

Consumer Staples

92.06

PSX UN Equity

PHILLIPS 66

Energy

44.38

PNW UN Equity

PINNACLE WEST CAPITAL

Utilities

53.04

3.81%

24.12.2012

16.29

15.82

15.81

17.42

18.73

2.25%

10.01.2013

37.99

35.53

35.41

36.17

34.59

4.15%

01.11.2012

17.78

17.78

17.78

17.78

PXD UN Equity

PIONEER NATURAL RESOURCES CO

Energy

105.47

0.15%

28.03.2013

38.92

38.01

38.27

38.34

39.11

PBI UN Equity

PITNEY BOWES INC

PCL UN Equity

PLUM CREEK TIMBER CO

PNC UN Equity

PNC FINANCIAL SERVICES GROUP

Industrials

13.43

11.22%

14.11.2012

29.99

28.11

28.06

29.60

30.84

30.84

Financials

43.54

4.13%

14.11.2012

18.74

15.90

16.08

17.87

19.43

20.31

Financials

62.93

2.07%

17.01.2013

22.91

22.30

22.39

23.74

25.61

26.39

PPG UN Equity

PPG INDUSTRIES INC

Materials

116.14

2.08%

09.11.2012

25.61

24.14

23.89

24.70

26.56

PPL UN Equity

PPL CORPORATION

Utilities

29.45

4.99%

07.12.2012

12.32

11.71

11.72

12.90

14.03

PX UN Equity

PRAXAIR INC

Materials

104.88

2.27%

07.12.2012

19.09

18.39

18.27

18.91

PCP UN Equity

PRECISION CASTPARTS CORP

Industrials

166.49

0.08%

05.12.2012

21.54

21.35

21.21

23.60

25.84

PCLN UW Equity PRICELINE.COM INC

Consumer Discretionary

601.02

42.56

35.79

33.99

36.11

37.48

38.08

PFG UN Equity PG UN Equity

Financials Consumer Staples

3.21% 3.41%

06.12.2012 16.01.2013

27.95 13.13

26.31 12.13

26.08 12.07

27.32 13.35

15.35

16.06

OWENS-ILLINOIS INC

PRINCIPAL FINANCIAL GROUP PROCTER & GAMBLE CO/THE

27.13 68.71

31.81

32.64

31.44

15.44

16.40

17.06

0.001

0.002

0.002

0.006

-0.288 -0.205 -0.172 -0.187 -0.165 -0.145 -0.133 0.010

0.017

0.017

0.008

0.000

0.000

0.000

0.000

0.015

0.010

0.006

0.002

-0.288 -0.227 -0.201 -0.176 -0.123 -0.106 -0.116 0.015

0.009

0.006

0.003

0.003

-0.258 -0.254 -0.262 -0.195 -0.167

0.008

0.009

0.010

0.006

0.003

0.000 -0.092 -0.136

0.000

0.000

0.001

0.000

0.000

-0.441 -0.217 -0.154 -0.147 26.40

27.96

-0.450 -0.337 -0.271 -0.211 -0.167

0.017

0.011

0.008

0.005

0.003

-0.114 -0.086 -0.099 -0.154 -0.147 -0.131 -0.118 0.010

0.006

0.004

0.002

0.002

0.000

0.000

0.000

0.000

0.000

-0.296 -0.209 -0.218 -0.217 -0.201

0.008

0.005

0.002

0.002

0.001

31.69

-0.186 -0.271 -0.283 -0.197 -0.165 -0.138 0.023

0.005

0.011

0.011

0.005

0.001

0.002

0.004

20.75

-0.450 -0.362 -0.326 -0.248 -0.189 -0.163 -0.145 0.014

0.012

0.010

0.004

0.002

0.002

0.001

26.66

-0.579 -0.492 -0.414 -0.291 -0.207 -0.173 -0.158 0.018

0.009

0.006

0.004

0.001

0.001

0.001

27.44

27.90

-0.538 -0.402 -0.347 -0.265 -0.202 -0.175 -0.159 0.013

0.008

0.005

0.003

0.002

0.001

0.001

15.98

18.73

-0.010 -0.167 -0.208 -0.185 -0.056 0.004

0.000

0.004

0.006

0.010

0.010

0.009

0.009

-0.552 -0.438 -0.381 -0.316

0.017

0.012

0.009

0.004

-0.426 -0.360 -0.298 -0.256 -0.208

0.013

0.008

0.006

0.003

0.002

38.50

-0.210 -0.185 -0.178 -0.181 -0.144 -0.122 -0.108 0.006

0.005

0.004

0.002

0.001

0.001

0.001

16.29

-0.336 -0.265 -0.231 -0.210 0.012 -0.514 -0.296 -0.223 -0.231 -0.174 -0.145 -0.132 0.018

0.010 0.019

0.009 0.017

0.006 0.008

0.004

0.003

0.002

34.10

34.28

0.000

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.000

0.000

0.006


16.10.2012

S&P 500 Index

Ticker PGR UN Equity PLD UN Equity PRU UN Equity PEG UN Equity PSA UN Equity PHM UN Equity QEP UN Equity QCOM UW Equity PWR UN Equity DGX UN Equity RL UN Equity RRC UN Equity RTN UN Equity RHT UN Equity RF UN Equity RSG UN Equity RAI UN Equity RHI UN Equity ROK UN Equity COL UN Equity ROP UN Equity ROST UW Equity RDC UN Equity RRD UW Equity R UN Equity SWY UN Equity SAI UN Equity CRM UN Equity SNDK UW Equity SCG UN Equity SLB UN Equity SNI UN Equity STX UW Equity SEE UN Equity SRE UN Equity SHW UN Equity SIAL UW Equity SPG UN Equity SLM UW Equity SNA UN Equity SO UN Equity LUV UN Equity SWN UN Equity SE UN Equity S UN Equity STJ UN Equity SWK UN Equity SPLS UW Equity SBUX UW Equity HOT UN Equity STT UN Equity SRCL UW Equity SYK UN Equity STI UN Equity SYMC UW Equity SYY UN Equity TROW UW Equity TGT UN Equity TEL UN Equity TE UN Equity THC UN Equity TDC UN Equity TER UN Equity TSO UN Equity TXN UW Equity TXT UN Equity TMO UN Equity TIF UN Equity TWC UN Equity TWX UN Equity TIE UN Equity TJX UN Equity TMK UN Equity TSS UN Equity TRV UN Equity TRIP UW Equity TYC UN Equity TSN UN Equity UNP UN Equity UPS UN Equity X UN Equity UTX UN Equity UNH UN Equity UNM UN Equity URBN UW Equity USB UN Equity VLO UN Equity VAR UN Equity VTR UN Equity VRSN UW Equity VZ UN Equity VFC UN Equity VIAB UW Equity V UN Equity VNO UN Equity VMC UN Equity WMT UN Equity WAG UN Equity DIS UN Equity WPO UN Equity WM UN Equity WAT UN Equity WPI UN Equity WLP UN Equity WFC UN Equity WDC UW Equity WU UN Equity WY UN Equity WHR UN Equity WFM UW Equity WMB UN Equity WIN UW Equity WEC UN Equity WPX UN Equity GWW UN Equity WYN UN Equity WYNN UW Equity XEL UN Equity XRX UN Equity XLNX UW Equity XL UN Equity XYL UN Equity YHOO UW Equity YUM UN Equity ZMH UN Equity ZION UW Equity

Name PROGRESSIVE CORP PROLOGIS INC PRUDENTIAL FINANCIAL INC PUBLIC SERVICE ENTERPRISE GP PUBLIC STORAGE PULTEGROUP INC QEP RESOURCES INC QUALCOMM INC QUANTA SERVICES INC QUEST DIAGNOSTICS INC RALPH LAUREN CORP RANGE RESOURCES CORP RAYTHEON COMPANY RED HAT INC REGIONS FINANCIAL CORP REPUBLIC SERVICES INC REYNOLDS AMERICAN INC ROBERT HALF INTL INC ROCKWELL AUTOMATION INC ROCKWELL COLLINS INC ROPER INDUSTRIES INC ROSS STORES INC ROWAN COMPANIES PLC-A RR DONNELLEY & SONS CO RYDER SYSTEM INC SAFEWAY INC SAIC INC SALESFORCE.COM INC SANDISK CORP SCANA CORP SCHLUMBERGER LTD SCRIPPS NETWORKS INTER-CL A SEAGATE TECHNOLOGY SEALED AIR CORP SEMPRA ENERGY SHERWIN-WILLIAMS CO/THE SIGMA-ALDRICH SIMON PROPERTY GROUP INC SLM CORP SNAP-ON INC SOUTHERN CO/THE SOUTHWEST AIRLINES CO SOUTHWESTERN ENERGY CO SPECTRA ENERGY CORP SPRINT NEXTEL CORP ST JUDE MEDICAL INC STANLEY BLACK & DECKER INC STAPLES INC STARBUCKS CORP STARWOOD HOTELS & RESORTS STATE STREET CORP STERICYCLE INC STRYKER CORP SUNTRUST BANKS INC SYMANTEC CORP SYSCO CORP T ROWE PRICE GROUP INC TARGET CORP TE CONNECTIVITY LTD TECO ENERGY INC TENET HEALTHCARE CORP TERADATA CORP TERADYNE INC TESORO CORP TEXAS INSTRUMENTS INC TEXTRON INC THERMO FISHER SCIENTIFIC INC TIFFANY & CO TIME WARNER CABLE TIME WARNER INC TITANIUM METALS CORP TJX COMPANIES INC TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRAVELERS COS INC/THE TRIPADVISOR INC TYCO INTERNATIONAL LTD TYSON FOODS INC-CL A UNION PACIFIC CORP UNITED PARCEL SERVICE-CL B UNITED STATES STEEL CORP UNITED TECHNOLOGIES CORP UNITEDHEALTH GROUP INC UNUM GROUP URBAN OUTFITTERS INC US BANCORP VALERO ENERGY CORP VARIAN MEDICAL SYSTEMS INC VENTAS INC VERISIGN INC VERIZON COMMUNICATIONS INC VF CORP VIACOM INC-CLASS B VISA INC-CLASS A SHARES VORNADO REALTY TRUST VULCAN MATERIALS CO WAL-MART STORES INC WALGREEN CO WALT DISNEY CO/THE WASHINGTON POST-CLASS B WASTE MANAGEMENT INC WATERS CORP WATSON PHARMACEUTICALS INC WELLPOINT INC WELLS FARGO & CO WESTERN DIGITAL CORP WESTERN UNION CO WEYERHAEUSER CO WHIRLPOOL CORP WHOLE FOODS MARKET INC WILLIAMS COS INC WINDSTREAM CORP WISCONSIN ENERGY CORP WPX ENERGY INC WW GRAINGER INC WYNDHAM WORLDWIDE CORP WYNN RESORTS LTD XCEL ENERGY INC XEROX CORP XILINX INC XL GROUP PLC XYLEM INC YAHOO! INC YUM! BRANDS INC ZIMMER HOLDINGS INC ZIONS BANCORPORATION

GICS_SECTOR_NAME

ATM2 Ref

Financials 22.18 Financials 35.44 Financials 56.66 Utilities 32.62 Financials 137.26 Consumer Discretionary 16.40 Energy 31.52 Information Technology 59.29 Industrials 24.11 Health Care 63.95 Consumer Discretionary 159.81 Energy 70.68 Industrials 55.34 Information Technology 54.33 Financials 7.39 Industrials 28.03 Consumer Staples 42.43 Industrials 25.30 Industrials 70.11 Industrials 53.99 Industrials 110.09 Consumer Discretionary 62.28 Energy 32.59 Industrials 10.73 Industrials 42.88 Consumer Staples 15.67 Information Technology 10.94 Information Technology 154.15 Information Technology 43.73 Utilities 48.51 Energy 72.76 Consumer Discretionary 63.07 Information Technology 28.43 Materials 15.50 Utilities 67.54 Materials 151.54 Materials 72.48 Financials 153.12 Financials 17.11 Industrials 72.66 Utilities 45.65 Industrials 8.89 Energy 36.19 Energy 29.18 Telecommunication Services 5.69 Health Care 42.58 Industrials 71.36 Consumer Discretionary 11.20 Consumer Discretionary 47.67 Consumer Discretionary 56.58 Financials 41.58 Industrials 91.28 Health Care 52.30 Financials 29.10 Information Technology 17.96 Consumer Staples 31.49 Financials 64.09 Consumer Discretionary 61.81 Information Technology 32.77 Utilities 17.59 Health Care 24.18 Information Technology 75.00 Information Technology 13.73 Energy 38.04 Information Technology 28.22 Industrials 26.32 Health Care 59.43 Consumer Discretionary 61.80 Consumer Discretionary 98.37 Consumer Discretionary 44.97 Materials 12.03 Consumer Discretionary 43.36 Financials 50.75 Information Technology 23.28 Financials 69.79 Consumer Discretionary 31.49 Industrials 27.39 Consumer Staples 16.13 Industrials 120.93 Industrials 72.59 Materials 21.46 Industrials 76.15 Health Care 57.49 Financials 19.82 Consumer Discretionary 37.48 Financials 33.63 Energy 28.81 Health Care 58.24 Financials 64.31 Information Technology 48.26 Telecommunication Services 44.50 Consumer Discretionary 163.65 Consumer Discretionary 54.41 Information Technology 139.89 Financials 78.79 Materials 46.57 Consumer Staples 77.15 Consumer Staples 36.17 Consumer Discretionary 50.79 Consumer Discretionary 359.48 Industrials 32.32 Health Care 80.60 Health Care 87.12 Health Care 62.38 Financials 33.90 Information Technology 35.75 Information Technology 17.83 Financials 27.30 Consumer Discretionary 84.10 Consumer Staples 97.43 Energy 35.85 Telecommunication Services 9.97 Utilities 38.46 Energy 17.44 Industrials 215.86 Consumer Discretionary 54.19 Consumer Discretionary 116.25 Utilities 27.74 Information Technology 7.16 Information Technology 33.15 Financials 25.28 Industrials 24.73 Information Technology 15.68 Consumer Discretionary 70.82 Health Care 63.17 Financials 22.20

Dividend Yield

Next ExDividend Date

1.76% 3.16% 2.61% 4.47% 3.42%

22.01.2013 21.12.2012 23.11.2012 07.12.2012 14.12.2012

0.25% 1.79%

14.11.2012 21.11.2012

1.13% 1.06% 0.34% 3.89%

04.01.2013 28.12.2012 14.12.2012 04.01.2013

0.54% 3.50% 5.84% 2.49% 2.80% 2.22% 0.58% 1.00%

14.12.2012 27.12.2012 07.12.2012 23.11.2012 15.11.2012 08.11.2012 09.01.2013 07.12.2012

9.69% 2.94% 4.91% 4.39%

06.11.2012 14.02.2013 18.12.2012 02.01.2013

4.21% 1.61% 0.94% 4.78% 3.36% 3.82% 1.13% 1.19% 2.97% 3.36% 1.98% 4.38% 0.45%

07.12.2012 30.11.2012 28.11.2012 02.11.2012 27.02.2013 21.12.2012 14.11.2012 30.11.2012 13.11.2012 28.11.2012 16.11.2012 31.01.2013 04.12.2012

4.11%

07.11.2012

2.30% 2.75% 4.20% 1.76% 1.06% 2.45%

28.12.2012 07.03.2013 28.12.2012 13.11.2012 11.12.2012 28.12.2012

1.87% 1.03%

28.12.2012 28.11.2012

3.56% 2.31% 2.44% 2.56% 5.09%

09.01.2013 14.12.2012 15.02.2013 07.12.2012 09.11.2012

1.26% 2.98% 0.91% 0.87% 2.27% 2.52% 2.50% 2.74% 1.18% 1.54% 1.72% 2.81%

28.11.2012 25.01.2013 05.12.2012 14.12.2012 20.12.2012 28.11.2012 28.11.2012 05.12.2012 12.02.2013 02.01.2013 11.12.2012 07.12.2012

1.83% 0.99% 2.32% 3.35% 0.93% 2.81% 1.61% 2.75%

23.01.2013 01.03.2013 28.11.2012 15.11.2012 05.11.2012 13.02.2013 07.12.2012 31.01.2013

2.72% 2.52%

28.12.2012 13.11.2012

4.00%

05.12.2012

4.66% 2.15% 2.11% 0.77% 3.85% 0.09% 2.23% 3.08% 1.28% 2.81% 4.53%

09.01.2013 07.12.2012 14.12.2012 14.11.2012 14.11.2012 15.03.2013 06.03.2013 19.02.2013 12.12.2012 24.01.2013 30.11.2012

1.96% 2.77%

05.12.2012 31.10.2012

2.24% 2.49% 2.52% 0.74% 3.88% 10.03% 3.43%

20.12.2012 26.02.2013 14.11.2012 28.12.2012 05.12.2012 28.12.2012 14.11.2012

1.64% 2.36% 1.72% 3.97% 3.11% 2.84% 1.86% 1.74%

15.11.2012 20.11.2012 31.10.2012 26.12.2012 28.12.2012 05.11.2012 14.12.2012 28.02.2013

1.96% 1.23% 0.54%

09.01.2013 26.12.2012 23.11.2012

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

17.40 24.19 26.41 15.35 18.37 51.28 37.23 29.37 30.52 24.69 35.18 39.64 17.92 32.99 38.92 18.79 17.72 34.42 31.57 23.45 22.04 26.90 33.86 39.39 34.77 27.89 25.01 34.16 46.60 14.45 25.19 28.91 51.78 38.36 13.78 24.85 19.34 17.92 30.46 24.02 11.34 27.85 37.20 16.19 25.88 27.91 33.57 44.12 28.34 34.05 25.48 19.56 23.11 34.16 41.23 15.24 24.82 18.80 27.45 14.40 48.61 43.76 42.40 43.47 26.79 42.83 23.99 29.66 21.78 22.29 35.38 25.07 23.11 23.37 16.22 65.34 25.55 34.03 22.66 17.16 51.63 20.31 27.75 21.11 27.23 21.60 39.66 30.89 17.00 24.82 19.60 25.43 26.67 22.58 17.65 44.64 17.34 18.60 21.78

18.67 24.33 25.80 15.25 17.35 49.86 34.68 26.16 27.47 23.27 31.73 38.18 16.81 38.49 34.62 18.69 16.60 30.54 28.67 22.34 22.01 24.78 31.38 39.81 32.65 31.74 26.32 39.58 40.16 14.36 24.93 27.54 46.03 36.84 13.27 23.21 18.55 16.94 30.27 22.11 10.51 26.12 35.98 16.37 22.22 25.64 30.48 44.58 26.82 30.90 24.03 18.88 21.72 32.01 36.80 13.55 23.38 18.02 25.15 14.74 44.87 37.92 38.91 41.56 24.73 35.99 21.76 32.59 20.10 20.84 34.42 23.06 21.33 21.40 15.75 54.63 22.90 33.03 21.69 16.04 47.88 20.33 24.22 21.82 32.56 20.54 37.33 29.31 16.85 23.83 17.46 24.37 25.80 21.52 17.62 39.80 15.53 20.51 19.77

18.61 24.77 25.04 15.18 17.51 49.69 34.77 25.66 27.38 22.72 30.85 37.16 17.09 37.62 33.66 18.59 16.45 29.75 28.29 22.20 21.97 24.54 31.14 40.15 31.94 32.07 26.96 40.19 38.38 14.27 25.54 27.77 43.87 36.42 13.20 22.66 18.57 17.25 30.28 22.23 11.01 27.35 35.54 16.46 21.86 25.21 29.55 41.38 26.69 30.95 23.84 18.91 21.68 31.46 35.30 13.59 23.35 17.94 24.89 14.96 40.66 35.96 38.07 41.18 24.57 34.26 21.82 32.83 19.74 20.79 34.07 22.63 20.95 20.91 15.92 49.53 22.45 32.56 21.80 16.09 46.77 20.82 24.06 22.40 32.08 20.89 36.42 28.74 17.13 24.06 16.78 24.23 25.44 22.00 17.59 38.27 14.95 21.33 19.47

18.25 26.30 26.69

28.65

50.76

51.80

52.61

53.39

27.95 29.31 22.19 31.78 37.26 18.57 37.80 34.74 17.65 17.84

30.10

31.19

31.96

33.73 36.74 19.96 39.00 37.26

34.81

35.52

20.71

21.15

38.08

38.07

18.83

19.53

20.19

18.41 29.50 26.01 34.22 20.62 51.81 23.23 24.59 39.39 33.72 30.48 29.17 11.89 40.55 26.89 26.90 32.46 20.62 33.20 26.28 24.09 25.25 24.90 21.78 28.09 32.75

17.07 28.13 24.44 28.66 21.87 45.69 20.98 24.07 35.76 27.99 29.13 25.38 11.80 37.24 24.71 24.41 30.65 20.62 31.44 24.22 22.71 22.87 25.14 21.37 23.99 30.36

16.84 27.59 24.18 27.17 22.63 43.57 20.99 24.46 34.32 28.27 28.53 24.14 11.71 37.86 24.54 25.05 30.05 18.28 31.00 24.60 22.63 23.57 25.80 21.71 22.40 29.72

29.92 22.17 22.00 25.51 33.02 39.24 31.62 34.86 28.23 41.68 39.82 16.41 27.57 44.67 36.54 13.72

26.81 35.03 38.72

27.64

28.24

35.89 28.78 43.48 39.41

31.86 43.53 40.01

38.96 43.46 41.27

29.92

30.94

31.59

45.71 36.16

37.75

40.62

19.72 19.17 30.69

21.87 33.08

23.14 34.22

23.98 34.82

12.30 29.47 36.18

14.57 30.89 36.85

15.82

16.42

32.30 26.53 29.94 40.49 27.83 33.86 24.80 19.79 22.89 31.99 34.87 15.21 25.19 18.75 26.90 15.67 34.49 35.48 39.24 41.65 26.06 34.85

43.21 28.11 31.17 38.30 29.88 36.00 27.51

44.29 28.81 31.74

43.92 29.19 32.05

31.15 37.03 29.18

32.10 37.69 30.21

24.03 31.95 35.47 16.42

31.89 36.00 16.89

31.84 36.45 17.16

20.79

21.84

22.46

36.12

36.40

42.24 29.44

41.95 30.18

32.86 20.54 21.92 35.76 23.27 21.28 21.40 17.44 49.55 23.91 31.77 22.64 17.10 46.76 22.05 24.38

34.23 21.79 24.05 37.95 24.78

34.87 22.62 25.17

35.32 23.39 25.90

25.74

26.49

20.02 48.51 25.39 34.10 24.87 18.71 47.35 24.10 26.02

20.60

20.47

25.83 35.24 26.21 19.65 47.90 25.16

26.14 35.70 26.90 20.34 48.41 25.72

34.88 22.70 37.31 28.36 18.69 25.91 17.09 24.91 26.76 24.27 19.41 37.07 15.87 22.13 21.48

36.63 24.01 38.19

27.76 26.58 21.67 35.77 17.18 23.61 23.66

24.08 24.68

24.15 25.31

17.85 27.02 25.11 27.22 23.91 42.93 22.67 26.23 36.10 31.79 28.30 24.40 12.36 42.26 26.34 28.23 32.30

19.58

20.77

21.86

26.21 27.58 26.47 43.34 23.93 25.47 37.01 32.94 27.94 24.89

26.48

26.53

27.38 44.15 24.98 26.87

27.62 45.07 26.01 29.93

33.94 27.60 24.89

34.76 27.41 25.04

31.32 25.85 24.12 29.15 28.28 23.72 23.44 30.08

32.69 27.54 26.56

35.19

38.59

30.07 25.74 24.38 31.00

30.90 26.86

31.46 27.72

31.45

31.69

38.77 35.80 41.57 42.28 28.28 36.71

27.65 18.57

19.54

20.10

43.43 30.11 33.43

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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

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