Covered Call Analyzer from Investment Enhancing Systems, Inc.

Covered Call Analyzer CONSERVATIVE "STOCKS-TO-CONSIDER"

for February, 2009

NOTE: This list is beginning this month. The text in the table below is what the Analyzer provides for each buy/write. The Comments row will provide what happened to each of these buy/writes next month on expiration weekend.

Buy 400 shares of MEDICIS PHARMA CORP CL A (MRX) at $11.93 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MRX CC (Mar$15.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,792, and income from sale of the calls is $204 and includes your commissions. Annualized return if called is 384%.

Comments:

Exercised get-out price at $10.14 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,224, down (11.9%).

Buy 600 shares of DOW CHEMICAL CO THE (DOW) at $8.10 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DOW CB (Mar$10.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,880, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 382%.

Comments:

Exercised get-out price at $6.89 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,396, down (9.9%).

Buy 300 shares of AEGEAN MARINE PETRO NET (ANW) at $16.07 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW CD (Mar$20.00) at $0.60 (closing bid price) expiring on 3/21/2009. Cost is $4,841, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 357%.

Comments:

Not called on March 21. Sold all shares at $17.98 to close out position on March 21. Final value including sale of all calls is $5,560, up +14.8%

Buy 200 shares of AFLAC INC (AFL) at $17.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AFL CD (Mar$20.00) at $1.25 (closing bid price) expiring on 3/21/2009. Cost is $3,422, and income from sale of the calls is $237 and includes your commissions. Annualized return if called is 310%.

Comments:
Exercised get-out price at $14.46 (-15%) on March 3 after buying back calls at $0.05. Final value including sale of all calls is $3,106, down (9.2%).

Buy 300 shares of DIANA SHIPPING INC (DSX) at $12.57 (closing last trade price) and sell 3 call Out-of-the-Money contracts of DSX CC (Mar$15.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $3,791, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 296%.

Comments:

Exercised get-out price at $10.68 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,325, down (12.3%).

Buy 200 shares of METLIFE INC (MET) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MET CE (Mar$25.00) at $1.45 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 294%.

Comments:

Exercised get-out price at $18.22 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $3,898, down (9.5%).

Buy 300 shares of AMERICAN EXPRESS CO (AXP) at $12.97 (closing last trade price) and sell 3 call Out-of-the-Money contracts of AXP CC (Mar$15.00) at $0.80 (closing bid price) expiring on 3/21/2009. Cost is $3,911, and income from sale of the calls is $226 and includes your commissions. Annualized return if called is 272%.

Comments:

Exercised get-out price at $11.02 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,502, down (10.5%).

Buy 200 shares of MOODY'S CORP (MCO) at $19.16 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MCO CX (Mar$22.50) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,852, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 259%.

Comments:

Exercised get-out price at $16.29 (-15%) on March 3 after buying back calls at $0.05. Final value including sale of all calls is $3,352, down (13.0%).

Buy 300 shares of COMERICA INC (CMA) at $13.57 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CMA CC (Mar$15.00) at $1.30 (closing bid price) expiring on 3/21/2009. Cost is $4,091, and income from sale of the calls is $376 and includes your commissions. Annualized return if called is 250%.

Comments:

Called at $15.00 on March 21. Final value including sale of all calls is $4,856, up 18.7%

Buy 200 shares of COOPER COMPANIES INC THE (COO) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COO CE (Mar$25.00) at $0.60 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $107 and includes your commissions. Annualized return if called is 243%.

Comments:

Not called on March 21. Sold all shares at $23.78 to close out position on March 21. Final value including sale of all calls is $4,863, up +12.9%

Buy 300 shares of GARMIN LTD (GRMN) at $15.17 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GQR CW (Mar$17.50) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,571, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 237%.

Comments:
Called at $17.50 on March 21. Final value including sale of all calls is $5,381, up +17.7%

Buy 100 shares of RELIANCE STEEL & ALUM CO (RS) at $25.99 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RS CF (Mar$30.00) at $0.95 (closing bid price) expiring on 3/21/2009. Cost is $2,619, and income from sale of the calls is $84 and includes your commissions. Annualized return if called is 231%.

Comments:
Exercised get-out price at $22.09 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $2,276, down (13.1%).

Buy 300 shares of SL GREEN REALTY CORP (SLG) at $13.33 (closing last trade price) and sell 3 call Out-of-the-Money contracts of SLG CC (Mar$15.00) at $0.80 (closing bid price) expiring on 3/21/2009. Cost is $4,019, and income from sale of the calls is $226 and includes your commissions. Annualized return if called is 229%.

Comments:
Exercised get-out price at $11.33 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,595, down (10.5%).

Buy 100 shares of FACTSET RESEARCH SYSTEMS (FDS) at $38.51 (closing last trade price) and sell 1 call Out-of-the-Money contracts of FDS CI (Mar$45.00) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,871, and income from sale of the calls is $54 and includes your commissions. Annualized return if called is 230%.

Comments:
Not called on March 21. Sold all shares at $44.54 to close out position on March 21. Final value including sale of all calls is $4,508, up +16.4%

Buy 100 shares of HSBC HOLDINGS PLC (HBC) at $34.47 (closing last trade price) and sell 1 call Out-of-the-Money contracts of HBC CH (Mar$40.00) at $0.75 (closing bid price) expiring on 3/21/2009. Cost is $3,467, and income from sale of the calls is $64 and includes your commissions. Annualized return if called is 224%.

Comments:
Exercised get-out price at $29.30 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $2,977, down (14.1%).

Buy 300 shares of AEGEAN MARINE PETRO NET (ANW) at $16.07 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW CW (Mar$17.50) at $1.30 (closing bid price) expiring on 3/21/2009. Cost is $4,841, and income from sale of the calls is $376 and includes your commissions. Annualized return if called is 211%.

Comments:
Called at $17.50 on March 21. Final value including sale of all calls is $5,605, up +15.8%

Buy 400 shares of MEDICIS PHARMA CORP CL A (MRX) at $11.93 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MRX CV (Mar$12.50) at $1.35 (closing bid price) expiring on 3/21/2009. Cost is $4,792, and income from sale of the calls is $524 and includes your commissions. Annualized return if called is 199%.

Comments:
Exercised get-out price at $10.14 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,544, down (5.2%).

Buy 200 shares of METLIFE INC (MET) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MET CX (Mar$22.50) at $2.35 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $457 and includes your commissions. Annualized return if called is 197%.

Comments:
Exercised get-out price at $18.22 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $4,078, down (5.3%).

Buy 100 shares of ACE LTD NA (ACE) at $39.38 (closing last trade price) and sell 1 call Out-of-the-Money contracts of ACE CI (Mar$45.00) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,958, and income from sale of the calls is $54 and includes your commissions. Annualized return if called is 196%.

Comments:
Exercised get-out price at $33.10 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $3,384, down (14.5%).

Buy 300 shares of ICICI BANK LTD ADS (IBN) at $13.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of IBN CC (Mar$15.00) at $0.95 (closing bid price) expiring on 3/21/2009. Cost is $4,154, and income from sale of the calls is $271 and includes your commissions. Annualized return if called is 194%.

Comments:
Exercised get-out price at $11.71 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,754, down (9.6%).

Income from sale of calls is +$4,048

All positions closed on March 21, 2009.
Cost of these ten (20) stocks is $82,789 . At March 21, 2009 (expiration weekend), this list value is $81,184, down (1.9%). The DOW was down (1.2%) for the period this list was open.

*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.

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Buy 400 shares of MEDICIS PHARMA CORP CL A (MRX) at $11.93 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MRX CC (Mar$15.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,792, and income from sale of the calls is $204 and includes your commissions. Annualized return if called is 384%.
Comments:	Exercised get-out price at $10.14 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,224, down (11.9%).
Buy 600 shares of DOW CHEMICAL CO THE (DOW) at $8.10 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DOW CB (Mar$10.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,880, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 382%.
Comments:	Exercised get-out price at $6.89 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,396, down (9.9%).
Buy 300 shares of AEGEAN MARINE PETRO NET (ANW) at $16.07 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW CD (Mar$20.00) at $0.60 (closing bid price) expiring on 3/21/2009. Cost is $4,841, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 357%.
Comments:	Not called on March 21. Sold all shares at $17.98 to close out position on March 21. Final value including sale of all calls is $5,560, up +14.8%
Buy 200 shares of AFLAC INC (AFL) at $17.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AFL CD (Mar$20.00) at $1.25 (closing bid price) expiring on 3/21/2009. Cost is $3,422, and income from sale of the calls is $237 and includes your commissions. Annualized return if called is 310%.
Comments:	Exercised get-out price at $14.46 (-15%) on March 3 after buying back calls at $0.05. Final value including sale of all calls is $3,106, down (9.2%).
Buy 300 shares of DIANA SHIPPING INC (DSX) at $12.57 (closing last trade price) and sell 3 call Out-of-the-Money contracts of DSX CC (Mar$15.00) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $3,791, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 296%.
Comments:	Exercised get-out price at $10.68 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,325, down (12.3%).
Buy 200 shares of METLIFE INC (MET) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MET CE (Mar$25.00) at $1.45 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 294%.
Comments:	Exercised get-out price at $18.22 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $3,898, down (9.5%).
Buy 300 shares of AMERICAN EXPRESS CO (AXP) at $12.97 (closing last trade price) and sell 3 call Out-of-the-Money contracts of AXP CC (Mar$15.00) at $0.80 (closing bid price) expiring on 3/21/2009. Cost is $3,911, and income from sale of the calls is $226 and includes your commissions. Annualized return if called is 272%.
Comments:	Exercised get-out price at $11.02 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,502, down (10.5%).
Buy 200 shares of MOODY'S CORP (MCO) at $19.16 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MCO CX (Mar$22.50) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,852, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 259%.
Comments:	Exercised get-out price at $16.29 (-15%) on March 3 after buying back calls at $0.05. Final value including sale of all calls is $3,352, down (13.0%).
Buy 300 shares of COMERICA INC (CMA) at $13.57 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CMA CC (Mar$15.00) at $1.30 (closing bid price) expiring on 3/21/2009. Cost is $4,091, and income from sale of the calls is $376 and includes your commissions. Annualized return if called is 250%.
Comments:	Called at $15.00 on March 21. Final value including sale of all calls is $4,856, up 18.7%
Buy 200 shares of COOPER COMPANIES INC THE (COO) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COO CE (Mar$25.00) at $0.60 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $107 and includes your commissions. Annualized return if called is 243%.
Comments:	Not called on March 21. Sold all shares at $23.78 to close out position on March 21. Final value including sale of all calls is $4,863, up +12.9%
Buy 300 shares of GARMIN LTD (GRMN) at $15.17 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GQR CW (Mar$17.50) at $0.55 (closing bid price) expiring on 3/21/2009. Cost is $4,571, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 237%.
Comments:	Called at $17.50 on March 21. Final value including sale of all calls is $5,381, up +17.7%
Buy 100 shares of RELIANCE STEEL & ALUM CO (RS) at $25.99 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RS CF (Mar$30.00) at $0.95 (closing bid price) expiring on 3/21/2009. Cost is $2,619, and income from sale of the calls is $84 and includes your commissions. Annualized return if called is 231%.
Comments:	Exercised get-out price at $22.09 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $2,276, down (13.1%).
Buy 300 shares of SL GREEN REALTY CORP (SLG) at $13.33 (closing last trade price) and sell 3 call Out-of-the-Money contracts of SLG CC (Mar$15.00) at $0.80 (closing bid price) expiring on 3/21/2009. Cost is $4,019, and income from sale of the calls is $226 and includes your commissions. Annualized return if called is 229%.
Comments:	Exercised get-out price at $11.33 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,595, down (10.5%).
Buy 100 shares of FACTSET RESEARCH SYSTEMS (FDS) at $38.51 (closing last trade price) and sell 1 call Out-of-the-Money contracts of FDS CI (Mar$45.00) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,871, and income from sale of the calls is $54 and includes your commissions. Annualized return if called is 230%.
Comments:	Not called on March 21. Sold all shares at $44.54 to close out position on March 21. Final value including sale of all calls is $4,508, up +16.4%
Buy 100 shares of HSBC HOLDINGS PLC (HBC) at $34.47 (closing last trade price) and sell 1 call Out-of-the-Money contracts of HBC CH (Mar$40.00) at $0.75 (closing bid price) expiring on 3/21/2009. Cost is $3,467, and income from sale of the calls is $64 and includes your commissions. Annualized return if called is 224%.
Comments:	Exercised get-out price at $29.30 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $2,977, down (14.1%).
Buy 300 shares of AEGEAN MARINE PETRO NET (ANW) at $16.07 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW CW (Mar$17.50) at $1.30 (closing bid price) expiring on 3/21/2009. Cost is $4,841, and income from sale of the calls is $376 and includes your commissions. Annualized return if called is 211%.
Comments:	Called at $17.50 on March 21. Final value including sale of all calls is $5,605, up +15.8%
Buy 400 shares of MEDICIS PHARMA CORP CL A (MRX) at $11.93 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MRX CV (Mar$12.50) at $1.35 (closing bid price) expiring on 3/21/2009. Cost is $4,792, and income from sale of the calls is $524 and includes your commissions. Annualized return if called is 199%.
Comments:	Exercised get-out price at $10.14 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $4,544, down (5.2%).
Buy 200 shares of METLIFE INC (MET) at $21.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MET CX (Mar$22.50) at $2.35 (closing bid price) expiring on 3/21/2009. Cost is $4,306, and income from sale of the calls is $457 and includes your commissions. Annualized return if called is 197%.
Comments:	Exercised get-out price at $18.22 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $4,078, down (5.3%).
Buy 100 shares of ACE LTD NA (ACE) at $39.38 (closing last trade price) and sell 1 call Out-of-the-Money contracts of ACE CI (Mar$45.00) at $0.65 (closing bid price) expiring on 3/21/2009. Cost is $3,958, and income from sale of the calls is $54 and includes your commissions. Annualized return if called is 196%.
Comments:	Exercised get-out price at $33.10 (-15%) on March 5 after buying back calls at $0.05. Final value including sale of all calls is $3,384, down (14.5%).
Buy 300 shares of ICICI BANK LTD ADS (IBN) at $13.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of IBN CC (Mar$15.00) at $0.95 (closing bid price) expiring on 3/21/2009. Cost is $4,154, and income from sale of the calls is $271 and includes your commissions. Annualized return if called is 194%.
Comments:	Exercised get-out price at $11.71 (-15%) on March 2 after buying back calls at $0.05. Final value including sale of all calls is $3,754, down (9.6%).
Income from sale of calls is +$4,048
All positions closed on March 21, 2009. Cost of these ten (20) stocks is $82,789 . At March 21, 2009 (expiration weekend), this list value is $81,184, down (1.9%). The DOW was down (1.2%) for the period this list was open.