Investment Enhancing Systems, Inc. – Covered Call Analyzer

Covered Call Analyzer AGGRESSIVE "STOCKS-TO-CONSIDER"

for January, 2008

NOTE to Subscribers: Because of the anticipated volatility in the markets the week after expiration (January 19) we will not execute the buy/writes identified by the Analyzer this weekend. Instead, we will maintain the identified buy/writes and execute them when things settle down. We decided things had settled down enough by mid week and used the pricing after the close on Tuesday, the 22nd, and prepared our buy/writes for submission to out broker on Wednesday morning (January 23). This date is now the basis for our January. We also decided to ride the volatility through the week (until January 28) by suspending our get-out rule (-15%).

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Company Name	Stock Symbol	Stock Price	# of shares	Total Cost*	Option Symbol	Feb Option Price	Income from sale*	Strike Price	Projected return if Called after one month*	Actual $ return*	Actual % Return*
SOLARFUN POWER HLDGS ADR	SOLF	$19.00	500	$9,520	QFGBF	$2.45	$1,208	22.5	31%	$9,240	(2.9%)
Comments:	Exercised get-out price at $16.15 on January 22 after buying back calls at $0.05.
MGIC INVESTMENTS CORP	MTG	$16.05	600	$9,650	MTGBX	$1.95	$1,151	17.5	20%	$9,286	(3.8%)
Comments:	Exercised get-out price at $13.64 on February 13 after buying back calls at $0.05.
GTX INC	GTXI	$12.07	800	$9,676	GBUBC	$0.65	$498	15	29%	$13,228	+36.7%
Comments:	Not called on February 16, 2008 expiration weekend), price at $12.31, and value including call premium is $11,764, up +21.6%. Will now sell Mar15 at $1.80 expiring on March 22, 2008. Not called in March. Sold all shares at $14.14 to close out position.
CANADIAN SOLAR INC	CSIQ	$18.59	500	$9,315	GQABD	$1.80	$883	20	17%	$10,862	+16.6%
Comments:	Called on February 16, 2008 at $20.00.
RIVERBED TECHNOLOGY INC	RVBD	$19.10	500	$9,570	UEXBY	$1.10	$533	22.5	23%	$11,763	+22.9%
Comments:	Not called on February 16, 2008 expiration weekend), price at $22.39, and value including call premium is $12,485, up +30.5%. Will now sell Mar22.5 at $1.55 expiring on March 22, 2008.
PROGENICS PHARM INC	PGNX	$16.68	500	$8,360	GUBBD	$1.30	$633	20	27%	$8,037	(3.9%)
Comments:	Not called on February 16, 2008 expiration weekend), price at $16.14, and value including call premium is $9,060, up +8.4%. Will now sell Mar20 at $0.75 expiring on March 22, 2008. Exercised get-out price at $14.18 on March 6 after buying back calls at $0.05.
AMERICREDIT CORP	ACF	$10.28	900	$9,272	ACFBV	$0.55	$472	12.5	27%	$11,702	+26.2%
Comments:	Called on February 16, 2008 at $22.50.
FIRST MARBLEHEAD CORP	FMD	$14.85	600	$8,930	FMDBC	$1.20	$701	15	9%	$8,685	(2.7%)
Comments:	Not called on February 16, 2008 expiration weekend), price at $13.64, and value including call premium is $9,346, up +4.7%. Will now sell Mar15 at $0.80 expiring on March 22, 2008. Exercised get-out price at $12.62 on February 20 after buying back calls at $0.05.
CIT GROUP	CIT	$20.77	400	$8,328	CITBX	$1.70	$664	22.5	16%	$9,644	+15.8%
Comments:	Called on February 16, 2008 at $22.50.
CLEARWIRE CORP A	CLWR	$11.48	800	$9,204	QCWBV	$0.75	$578	12.5	15%	$10,558	+14.7%
Comments:	Called on February 16, 2008 at $12.50.
Income from sale of calls is +$10,088.
All Positions closed out in March, 2008. Cost of these ten (10) stocks is $91,824 At March 22, 2008 (expiration weekend), this list value is $100,611, up 9.6%.

*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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