Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$25,000 Conservative Portfolio Trades for January 21, 2012

This is a rolling portfolio and we will look at open positions and make new trades using monies from called and sold positions each month on expiration weekend. The statements starting "Buy...." is what the Covered Call Analyzer tells you to do after finding the best buy/writes and calculating the values. You can start this portfolios any time after January by following the instructions in our "How to" page.

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		Income* (call premium)	Cost*	Balance
Starting Cash:				$25,000
From running the Analyzer with aggressive parameters on the weekend of Januray 21, 2011 and putting $3,000 into the money available field and assuming commissions of $9.95 per stock trade and $9.94 per call trade plus $1.50 per contract.
Initial Buy/Write:	Buy 300 shares of STEC (STEC) at $9.30 (closing last trade price) and sell 3 call Out-of-the-Money contracts of STEC1218B11 (Feb$11.00) at $0.30 (closing bid price) expiring on 2/18/2012. Cost is $2,800, and income from sale of the calls is $76 and includes your commissions. Actual return if called at expiration is 20.6%.	$76	$2,800	$22,276
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of RESEARCH IN MOTION (RIMM) at $17.00 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RIMM1218B20 (Feb$20.00) at$0.38 (closing bid price) expiring on 2/18/2012. Cost is $1,710, and income from sale of the calls is $27 and includes your commissions. Actual return if called at expiration is 18.5%.	$27	$1,710	$20,593
Follow on Activity
Initial Buy/Write:	Buy 100 shares of ULTRA PETROLEUM (UPL) at $23.53 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UPL1218B27 (Feb$27.00) at $0.30(closing bid price) expiring on 2/18/2012. Cost is $2,363, and income from sale of the calls is $19 and includes your commissions. Actual return if called at expiration is15.1%.	$19	$2,363	$18,249
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of POLYCOM (PLCM) at $17.74 (closing last trade price) and sell 1 call Out-of-the-Money contracts of PLCM1218B20 (Feb$20.00) at $0.55 (closing bid price) expiring on 2/18/2012. Cost is $1,784, and income from sale of the calls is $44 and includes your commissions. Actual return if called at expiration is 14.6%	$44	$1,784	$16,509
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of RPC (RES) at $17.89 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RES1218B20 (Feb$20.00) at $0.55 (closing bid price) expiring on 2/18/2012. Cost is $1,799, and income from sale of the calls is $44 and includes your commissions. Actual return if called at expiration is 13.6%.	$44	$1,799	$14,754
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of SOUTHWESTERN ENERGY (SWN) at $29.43 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SWN1218B33 (Feb$33.00) at$0.40 (closing bid price) expiring on 2/18/2012. Cost is $2,953, and income from sale of the calls is $29 and includes your commissions. Actual return if called at expiration is 12.7%.	$29	$2,953	$11,830
Follow on Activity:
Initial Buy/Write:	Buy 200 shares of OMNIVISION TECHNOLOGIES (OVTI) at $13.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of OVTI1218B15 (Feb$15.00) at $0.25 (closing bid price) expiring on 2/18/2012. Cost is $2,710, and income from sale of the calls is $37 and includes your commissions. Actual return if called at expiration is 12.1%.	$37	$2,710	$9,157
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of WEBMD HEALTH (WBMD) at $27.15 (closing last trade price) and sell 1 call Out-of-the-Money contracts of WBMD1218B30 (Feb$30.00) at $0.65(closing bid price) expiring on 2/18/2012. Cost is $2,725, and income from sale of the calls is $54 and includes your commissions. Actual return if called at expiration is12.1%.	$54	$2,725	$6,486
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of MYLAN (MYL) at $21.56 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MYL1218B24 (Feb$24.00) at $0.26 (closing bid price) expiring on 2/18/2012. Cost is $2,166, and income from sale of the calls is $15 and includes your commissions. Actual return if called at expiration is 11.5%.	$15	$2,166	$4,335
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of UNISYS (UIS) at $20.13 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UIS1218B22 (Feb$22.00) at $0.50 (closing bid price) expiring on 2/18/2012. Cost is $2,023, and income from sale of the calls is $39 and includes your commissions. Actual return if called at expiration is 10.7%.	$39	$2,023	$2,351
Follow on Activity:
Initial Buy/Write:	Buy 100 shares of CROCS (CROX) at $18.26 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CROX1218B20 (Feb$20.00) at $0.40 (closing bid price) expiring on 2/18/2012. Cost is $1,836, and income from sale of the calls is $29 and includes your commissions. Actual return if called at expiration is 10.5%.	$29	$1,836	$544
Follow on Activity:
Totals for January:		$413	$24,869	$544
Portfolio value at February 18, 2012 (expiration weekend for January 21 buy/writes) is $26,695* is up +6.8% The S&P500 average for the year so far is up 3.5%.

*After the effect of all commissions.

The stocks listed above are for illustrative and educational purposes only and should not be construed as an endorsement, recommendation, or solicitation to buy or sell any particular security.

Starting on January 21, 2012, Investment Enhancing Systems, Inc. started this $25,000 Aggressive Portfolio and it will be monitored and updated each month throughout 2012. This portfolio is started at the beginning of each calendar year. We start by running the Analyzer on the January expiration weekend with our default parameters and $3,000 for the money available. We assume default commissions as $9.95 per stock trade and $9.95 per call trade plus $1.50 per contract. Eight (8) to ten (10) stocks are selected as the basis for this portfolio, each with an initial cost of something less than $3,000 to produce a $25,000 portfolio. Extra cash is left in the portfolio for future use. We leave whatever we get from the sale of the calls in the portfolio, allowing us to grow the portfolio with both call premium and stock price appreciation. When a stock is called, sold or the get-out price is exercised, the proceeds are used to buy more stocks and sell more calls after running the Analyzer the following month. If stocks are not called, we sell more out-of-the-money calls on those stocks to increase the cash return for that month or sell a stock if it does not have good call premiums. Our objective in this portfolio is to conservatively grow this portfolio. These activities are identified in our results for the $25,000 Conservative Portfolio. We began publishing results for this portfolio in 2012.