Covered Call Analyzer from Investment Enhancing Systems, Inc.

Covered Call Analyzer CONSERVATIVE "STOCKS-TO-CONSIDER"

for June, 2007

NOTE: We had temporarily suspended out get-out rule (at -15%) between July 25 and September 22, 2007 because of the volatility in the markets. We have reinstated the get-out rule effective September 22 (expiration weekend). Any open positions on any list or portfolio will be sold if their price drops 15% below the stock price at September 22.

Company Name

Stock Symbol

Stock Price

# of shares

Total Cost*

Option Symbol

Jul

Option Bid Price

Income from sale*

Strike Price

Projected return if Called after one month*

Actual

$

return*

Actual

%

Return*

NETFLIX INC.

NFLX

$19.71

500

$9,875

QNQGE

$0.25

$108

25

28%
+$2,030 +21%

Comments:

Not called in July. Price at $19.65 on 7/21/2007. Will now sell Aug22.5 at $0.45. Note that we have lowered the strike price. Present value is up +$275. Not called in August. Price at $17.24 on 8/18/2007. Will now sell Sep20 at $0.20. Note that we have lowered the strike price. Not called in September. Price at $19.19 on 9/22/2007. Will now sell Oct22.5 at $0.55. Called in October at $22.50..

USEC INC.

USU

$19.80

500

$9,920

USUGX

$0.45

$208

22.5

16%
($4.942) -50%

Comments:

Not called in July. Price at $19.52 on 7/21/2007. Will now sell Aug22.5 at $0.30. Not called in August. Price at $14.31 on 8/18/2007. Will now sell Sep17.5 at $0.35. Note that we have lowered the strike price. Not called in September. Price at $10.40 on 9/22/2007. Will now sell Oct12.5 at $0.20. Note that we have lowered the strike price. Exercised get-out price at $8.84 on October 8 after calling back calls at $0.05.

OMNIVISION TECHNOLOG

OVTI

$16.07

600

$9,662

UCMGW

$0.35

$191

17.5

11%
+$1,029 +11%

Comments:

Called in July at $17.50.

CARMAX INC.

KMX

$23.27

400

$9,328

KMXGE

$0.50

$184

25

9%
+$856 +9%

Comments:

Called in July at $25.00.

BLOCK (H & R) INC.

HRB

$23.11

400

$9,264

HRBGE

$0.30

$104

25

9%
($344) -9%

Comments:

Not called in July. Price at $21.86 on 7/21/2007. Will now sell Aug25 at $0.50. Not called in August. Price at $19.29 on 8/18/2007. Will now sell Sep22.5 at $0.20. Note that we have lowered the strike price. Not called in September. Price at $20.68 on 9/22/2007. Will now sell Oct22.5 at $0.30. Not called in October. Price at $21.51 on 10/20/2007. Will now sell Nov22.5 at $0.40. Not called in November. Sold all shares at $19.50 after expiration to close out position.

SEAGATE TECHNOLOGY
STX

$20.96

400

$8,404

STXGX

$0.45

$164

22.5

9%
+$760 +9%

Comments:

Called in July at $22.50.

NOVEN PHARMACUTICALS

NOVN

$23.32

400

$9,348

NPQGE

$0.50

$184

25

9%
($1,252) -13%

Comments:

Exercised get-out price at $19.82 (-15%) on July 12, after buying back calls at $0.05.

CHICO'S FAS INC.

CHS

$25.40

300

$7,643

CHSGY

$0.30

$76

27.5

9%
($1,217) -16%

Comments:

Share price dropped below our get-out price at $21.60 (-15%) on July 12. Since it was within a week we decided to hold the stock to expiration so we would not have to buy back the calls. Sold all shares at $21.10 after expiration to close out position.

WORTHINGTON INDUSTRIES

WOR

$20.85

400

$8,360

WORGX

$0.30

$104

22.5

9%
+$1,196 +14$

Comments:

Not called in July. Price at $21.39 on 7/21/2007. Will now sell Aug22.5 at $0.35. Not called in August. Price at $20.70 on 8/18/2007. Will now sell Sep22.5 at $0.40. Not called in September. Price at $21.67 on 9/22/2007. Will now sell Oct22.5 at $0.50. Called in October at $22.50.

CHRISTOPHER & BANKS

CBK

$18.63

500

$9,335

CBKGD

$0.35

$158

20

9%
($902) -10%

Comments:

Not called in July. Price at $16.51 on 7/21/2007. Sold all shares at $16.51 to close out position.

Income from sale of calls is +$3,270.

All positions closed out in November. Cost of these ten (10) stocks is $91,139 Return from premiums and appreciation at ($3,286). Real return is 3.6% (($3,286)/$91,139)

*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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Company Name	Stock Symbol	Stock Price	# of shares	Total Cost*	Option Symbol	Jul Option Bid Price	Income from sale*	Strike Price	Projected return if Called after one month*	Actual $ return*	Actual % Return*
NETFLIX INC.	NFLX	$19.71	500	$9,875	QNQGE	$0.25	$108	25	28%	+$2,030	+21%
Comments:	Not called in July. Price at $19.65 on 7/21/2007. Will now sell Aug22.5 at $0.45. Note that we have lowered the strike price. Present value is up +$275. Not called in August. Price at $17.24 on 8/18/2007. Will now sell Sep20 at $0.20. Note that we have lowered the strike price. Not called in September. Price at $19.19 on 9/22/2007. Will now sell Oct22.5 at $0.55. Called in October at $22.50..
USEC INC.	USU	$19.80	500	$9,920	USUGX	$0.45	$208	22.5	16%	($4.942)	-50%
Comments:	Not called in July. Price at $19.52 on 7/21/2007. Will now sell Aug22.5 at $0.30. Not called in August. Price at $14.31 on 8/18/2007. Will now sell Sep17.5 at $0.35. Note that we have lowered the strike price. Not called in September. Price at $10.40 on 9/22/2007. Will now sell Oct12.5 at $0.20. Note that we have lowered the strike price. Exercised get-out price at $8.84 on October 8 after calling back calls at $0.05.
OMNIVISION TECHNOLOG	OVTI	$16.07	600	$9,662	UCMGW	$0.35	$191	17.5	11%	+$1,029	+11%
Comments:	Called in July at $17.50.
CARMAX INC.	KMX	$23.27	400	$9,328	KMXGE	$0.50	$184	25	9%	+$856	+9%
Comments:	Called in July at $25.00.
BLOCK (H & R) INC.	HRB	$23.11	400	$9,264	HRBGE	$0.30	$104	25	9%	($344)	-9%
Comments:	Not called in July. Price at $21.86 on 7/21/2007. Will now sell Aug25 at $0.50. Not called in August. Price at $19.29 on 8/18/2007. Will now sell Sep22.5 at $0.20. Note that we have lowered the strike price. Not called in September. Price at $20.68 on 9/22/2007. Will now sell Oct22.5 at $0.30. Not called in October. Price at $21.51 on 10/20/2007. Will now sell Nov22.5 at $0.40. Not called in November. Sold all shares at $19.50 after expiration to close out position.
SEAGATE TECHNOLOGY	STX	$20.96	400	$8,404	STXGX	$0.45	$164	22.5	9%	+$760	+9%
Comments:	Called in July at $22.50.
NOVEN PHARMACUTICALS	NOVN	$23.32	400	$9,348	NPQGE	$0.50	$184	25	9%	($1,252)	-13%
Comments:	Exercised get-out price at $19.82 (-15%) on July 12, after buying back calls at $0.05.
CHICO'S FAS INC.	CHS	$25.40	300	$7,643	CHSGY	$0.30	$76	27.5	9%	($1,217)	-16%
Comments:	Share price dropped below our get-out price at $21.60 (-15%) on July 12. Since it was within a week we decided to hold the stock to expiration so we would not have to buy back the calls. Sold all shares at $21.10 after expiration to close out position.
WORTHINGTON INDUSTRIES	WOR	$20.85	400	$8,360	WORGX	$0.30	$104	22.5	9%	+$1,196	+14$
Comments:	Not called in July. Price at $21.39 on 7/21/2007. Will now sell Aug22.5 at $0.35. Not called in August. Price at $20.70 on 8/18/2007. Will now sell Sep22.5 at $0.40. Not called in September. Price at $21.67 on 9/22/2007. Will now sell Oct22.5 at $0.50. Called in October at $22.50.
CHRISTOPHER & BANKS	CBK	$18.63	500	$9,335	CBKGD	$0.35	$158	20	9%	($902)	-10%
Comments:	Not called in July. Price at $16.51 on 7/21/2007. Sold all shares at $16.51 to close out position.
Income from sale of calls is +$3,270.
All positions closed out in November. Cost of these ten (10) stocks is $91,139 Return from premiums and appreciation at ($3,286). Real return is 3.6% (($3,286)/$91,139)