Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for April 18, 2009

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.

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Call Premium Cost Balance

From March: $1,232

From Aggressive "Stocks-to-Consider" for March 21, 2009 and putting $2,000 in the money available field

Buy 200 shares of LINCOLN NATIONAL CORP (LNC) at $7.31 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LNC DB (Apr$10.00) at $0.65 (closing bid price) expiring on 4/18/2009. Cost is $1,472, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 552%. Called on April 18 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,107, up 43.2%.
$3,222

Buy 200 shares of PRINCIPAL FINANCIAL GRP (PFG) at $7.00 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PFG DU (Apr$7.50) at $1.15 (closing bid price) expiring on 4/18/2009. Cost is $1,410, and income from sale of the calls is $217 and includes your commissions. Annualized return if called is 274%. Called on April 18 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,808, up 21.1%.
$4,712

Buy 100 shares of AMYLIN PHARMACEUTICALS (AMLN) at $11.35 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AQM DV (Apr$12.50) at $1.20 (closing bid price) expiring on 4/18/2009. Cost is $1,145, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 235%. Exercised get-out price at $9.65 (-15%) on April 6 after buying back calls at $0.05. Proceeds $955 after commission. Final value including sale of all calls is $1,058, down (7.7%).
($17) $5,650

Buy 100 shares of COMERICA INC (CMA) at $17.86 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CMA DD (Apr$20.00) at $1.25 (closing bid price) expiring on 4/18/2009. Cost is $1,796, and income from sale of the calls is $114 and includes your commissions. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,103, up 17.1%.
$7,640

Buy 100 shares of AFLAC INC (AFL) at $18.38 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AFL DD (Apr$20.00) at $1.75 (closing bid price) expiring on 4/18/2009. Cost is $1,848, and income from sale of the calls is $164 and includes your commissions. Annualized return if called is 215%. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,154, up 16.5%.
$9,630

Buy 100 shares of ALLSTATE CORP THE (ALL) at $18.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of ALL DD (Apr$20.00) at $1.25 (closing bid price) expiring on 4/18/2009. Cost is $1,869, and income from sale of the calls is $114 and includes your commissions. Annualized return if called is 165%. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,104, up 12.6%.
$11,620

Buy 200 shares of SUNTECH POWER HOLDINGS (STP) at $6.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of STP DU (Apr$7.50) at $0.50 (closing bid price) expiring on 4/18/2009. Cost is $1,392, and income from sale of the calls is $87 and includes your commissions. Annualized return if called is 176%. Called on April 18 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,577, up 13.3%.
$13,110

From Aggressive "Stocks-to-Consider" for April 18, 2009 and putting $2,000 in the money available field

Buy 300 shares of MGM MIRAGE INC (MGM) at $6.30 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MGM EU (May$7.50) at $0.85 (closing bid price) expiring on 5/16/2009. Cost is $1,900, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 406%. $241 $1,900 $11,451

Buy 100 shares of JAMES RIVER COAL COMPANY (JRCC) at $14.48 (closing last trade price) and sell 1 call Out-of-the-Money contracts of JQM EC (May$15.00) at $1.35 (closing bid price) expiring on 5/16/2009. Cost is $1,458, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 148%. $124 $1,458 $10,117

Buy 100 shares of MCDERMOTT INTERNAT INC (MDR) at $16.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MDR EW (May$17.50) at $1.30 (closing bid price) expiring on 5/16/2009. Cost is $1,708, and income from sale of the calls is $119 and includes your commissions. Annualized return if called is 123%. $119 $1,708 $8,528

Buy 300 shares of UAL CORP (UAUA) at $6.45 (closing last trade price) and sell 3 call Out-of-the-Money contracts of UAL EU (May$7.50) at $0.55 (closing bid price) expiring on 5/16/2009. Cost is $1,945, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 306%. $151 $1,945 $6,734

Buy 300 shares of CANADIAN SOLAR INC (CSIQ) at $6.46 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GQA EU (May$7.50) at $0.50 (closing bid price) expiring on 5/16/2009. Cost is $1,948, and income from sale of the calls is $136 and includes your commissions. Annualized return if called is 293%. $136 $1,948 $4,922

Buy 200 shares of MARSHALL & ILSLEY CORP (MI) at $8.97 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MI EB (May$10.00) at $0.70 (closing bid price) expiring on 5/16/2009. Cost is $1,804, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 233%. $127 $1,804 $3,245

Buy 200 shares of WYNDHAM WORLDWIDE CORP (WYN) at $8.92 (closing last trade price) and sell 2 call Out-of-the-Money contracts of WYN EB (May$10.00) at $0.60 (closing bid price) expiring on 5/16/2009. Cost is $1,794, and income from sale of the calls is $107 and includes your commissions. Annualized return if called is 227%. $107 $1,794 $1,558

Totals for April:
$990 $12,556 $1,558

Portfolio value at April 18 is $14,045*, up +40.5%. The NASDAQ average for the year so far is up +9.4%

*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.

On January 17, 2009 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2009, This portfolio uses stocks identified in our Aggressive "Stocks-to-Consider" list by selecting buy/writes from the "Stocks with high or negative PE ratios" list. We have set the money available to $2,000 and have reduced the commissions for purchasing the stock to $9.95 and selling the calls to $9.95 plus $1.50 per contract in our parameters page. Several low cost, on-line brokers offer these low commissions. Since it is an aggressive portfolio, we keep the premium income and stock price appreciation to the strike price in the portfolio. We update the portfolio each month on expiration weekend. Our objective is to maintain and grow the portfolio. The table above lists details of stocks bought and calls sold, and when we held the stock or exercised our get-out price. Note: In all of our lists and portfolios, we have established a get-out price which we exercise when the stock price drops 15%. If this happens during the month, we will get-out and report the sale of the stock and the buy-back of the calls at the next expiration weekend postings. We anticipate good months and poor months, with a general gain at year end. Patience usually wins. Because this portfolio is limited in diversity, it will be much more difficult to realize the types of gains in our larger portfolios.

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	Call Premium	Cost	Balance
From March:			$1,232
From Aggressive "Stocks-to-Consider" for March 21, 2009 and putting $2,000 in the money available field
Buy 200 shares of LINCOLN NATIONAL CORP (LNC) at $7.31 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LNC DB (Apr$10.00) at $0.65 (closing bid price) expiring on 4/18/2009. Cost is $1,472, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 552%. Called on April 18 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,107, up 43.2%.			$3,222
Buy 200 shares of PRINCIPAL FINANCIAL GRP (PFG) at $7.00 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PFG DU (Apr$7.50) at $1.15 (closing bid price) expiring on 4/18/2009. Cost is $1,410, and income from sale of the calls is $217 and includes your commissions. Annualized return if called is 274%. Called on April 18 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,808, up 21.1%.			$4,712
Buy 100 shares of AMYLIN PHARMACEUTICALS (AMLN) at $11.35 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AQM DV (Apr$12.50) at $1.20 (closing bid price) expiring on 4/18/2009. Cost is $1,145, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 235%. Exercised get-out price at $9.65 (-15%) on April 6 after buying back calls at $0.05. Proceeds $955 after commission. Final value including sale of all calls is $1,058, down (7.7%).	($17)		$5,650
Buy 100 shares of COMERICA INC (CMA) at $17.86 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CMA DD (Apr$20.00) at $1.25 (closing bid price) expiring on 4/18/2009. Cost is $1,796, and income from sale of the calls is $114 and includes your commissions. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,103, up 17.1%.			$7,640
Buy 100 shares of AFLAC INC (AFL) at $18.38 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AFL DD (Apr$20.00) at $1.75 (closing bid price) expiring on 4/18/2009. Cost is $1,848, and income from sale of the calls is $164 and includes your commissions. Annualized return if called is 215%. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,154, up 16.5%.			$9,630
Buy 100 shares of ALLSTATE CORP THE (ALL) at $18.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of ALL DD (Apr$20.00) at $1.25 (closing bid price) expiring on 4/18/2009. Cost is $1,869, and income from sale of the calls is $114 and includes your commissions. Annualized return if called is 165%. Called on April 18 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,104, up 12.6%.			$11,620
Buy 200 shares of SUNTECH POWER HOLDINGS (STP) at $6.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of STP DU (Apr$7.50) at $0.50 (closing bid price) expiring on 4/18/2009. Cost is $1,392, and income from sale of the calls is $87 and includes your commissions. Annualized return if called is 176%. Called on April 18 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,577, up 13.3%.			$13,110
From Aggressive "Stocks-to-Consider" for April 18, 2009 and putting $2,000 in the money available field
Buy 300 shares of MGM MIRAGE INC (MGM) at $6.30 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MGM EU (May$7.50) at $0.85 (closing bid price) expiring on 5/16/2009. Cost is $1,900, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 406%.	$241	$1,900	$11,451
Buy 100 shares of JAMES RIVER COAL COMPANY (JRCC) at $14.48 (closing last trade price) and sell 1 call Out-of-the-Money contracts of JQM EC (May$15.00) at $1.35 (closing bid price) expiring on 5/16/2009. Cost is $1,458, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 148%.	$124	$1,458	$10,117
Buy 100 shares of MCDERMOTT INTERNAT INC (MDR) at $16.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MDR EW (May$17.50) at $1.30 (closing bid price) expiring on 5/16/2009. Cost is $1,708, and income from sale of the calls is $119 and includes your commissions. Annualized return if called is 123%.	$119	$1,708	$8,528
Buy 300 shares of UAL CORP (UAUA) at $6.45 (closing last trade price) and sell 3 call Out-of-the-Money contracts of UAL EU (May$7.50) at $0.55 (closing bid price) expiring on 5/16/2009. Cost is $1,945, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 306%.	$151	$1,945	$6,734
Buy 300 shares of CANADIAN SOLAR INC (CSIQ) at $6.46 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GQA EU (May$7.50) at $0.50 (closing bid price) expiring on 5/16/2009. Cost is $1,948, and income from sale of the calls is $136 and includes your commissions. Annualized return if called is 293%.	$136	$1,948	$4,922
Buy 200 shares of MARSHALL & ILSLEY CORP (MI) at $8.97 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MI EB (May$10.00) at $0.70 (closing bid price) expiring on 5/16/2009. Cost is $1,804, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 233%.	$127	$1,804	$3,245
Buy 200 shares of WYNDHAM WORLDWIDE CORP (WYN) at $8.92 (closing last trade price) and sell 2 call Out-of-the-Money contracts of WYN EB (May$10.00) at $0.60 (closing bid price) expiring on 5/16/2009. Cost is $1,794, and income from sale of the calls is $107 and includes your commissions. Annualized return if called is 227%.	$107	$1,794	$1,558
Totals for April:	$990	$12,556	$1,558
Portfolio value at April 18 is $14,045*, up +40.5%. The NASDAQ average for the year so far is up +9.4%