Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for April 17, 2010

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:			$619
From Aggressive "Stocks-to-Consider" for January 16, 2010 and putting $2,000 in the money available field
Buy 300 shares of SIGA TECHNOLOGIES INC (SIGA) at $5.94 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FKQ BU (Feb$7.50) at $0.40 (closing bid price) expiring on 2/20/2010. Cost is $1,792, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 328%. RISKY!!! Not called on February 20. Will now sell Mar7.5 at $0.45. Price at $6.56 and value at $2,194, up 22.4% on February 20 including sale of all calls. Not called on March 20. Will now sell Apr7.5 at $0.45. Price at $6.99 and value at $2,444, up 36.4% on March 20 including sale of all calls. Not called on April 17. Will now sell May7.5 at $0.30. Price at $6.57 and value at $2,393, up 33.6% on April 17 including sale of all calls.	$75		$694
From Aggressive "Stocks-to-Consider" for March 20, 2010 and putting $2,000 in the money available field
Buy 100 shares of PATRIOT COAL CORP (PCX) at $19.35 (closing last trade price) and sell 1 call Out-of-the-Money contracts of PCX1017D20 (Apr$20.00) at $1.10 (closing bid price) expiring on 4/17/2010. Cost is $1,945, and income from sale of the calls is $99 and includes your commissions. Annualized return if called is 103%. Called on April 17 at $20.00. Proceeds $1,990 after commission. Final value including sale of all calls is $2,089, up 7.4%			$2,684
Buy 300 shares of DELCATH SYSTEMS INC (DCTH) at $5.88 (closing last trade price) and sell 3 call Out-of-the-Money contracts of QZD1017D7.5 (Apr$7.50) at $0.45 (closing bid price) expiring on 4/17/2010. Cost is $1,774, and income from sale of the calls is $121 and includes your commissions. Annualized return if called is 439%. Called on April 17 at $7.50. Proceeds $2,240 after commission. Final value including sale of all calls is $2,361, up 33.1%			$5,924
Buy 100 shares of COMCAST CORP CL A (CMCSA) at $17.53 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SA1017D22.5 (Apr$22.50) at $1.10 (closing bid price) expiring on 4/17/2010. Cost is $1,763, and income from sale of the calls is $99 and includes your commissions. Annualized return if called is 433%. Not called on April 17. Will now sell May18 at $0.50. Price at $18.32 and value at $1,969, up 11.7% on April 17 including sale of all calls. Note that we have lowered the strike price.	$38		$5,962
Buy 100 shares of MOMENTA PHARMACEUTICALS (MNTA) at $14.33 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QMP1017D15 (Apr$15.00) at $1.15 (closing bid price) expiring on 4/17/2010. Cost is $1,443, and income from sale of the calls is $104 and includes your commissions. Annualized return if called is 145%. RISKY!!!Called on April 17 at $15.00. Proceeds $1,490 after commission. Final value including sale of all calls is $1,594, up 10.4%			$7,452
Buy 200 shares of MANNKIND CORPORATION (MNKD) at $7.16 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MWU1017D7.5 (Apr$7.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $1,442, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 140%. RISKY!!! Not called on April 17. Will now sell May7.5 at $0.45. Price at $6.53 and value at $1,405, down (1.3%). on April 17 including sale of all calls.	$77		$539
Buy 200 shares of AMR CORP (AMR) at $9.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AMR1017D10 (Apr$10.00) at $0.28 (closing bid price) expiring on 4/17/2010. Cost is $1,812, and income from sale of the calls is $43 and includes your commissions. Annualized return if called is 166%. Not called on April 17. Will now sell May9 at $0.51. Price at $8.79 and value at $1,890, up 4.3% on April 17 including sale of all calls.	$89		$7,628
From Aggressive "Stocks-to-Consider" for April 17, 2010 and putting $2,000 in the money available field
Buy 100 shares of MGM MIRAGE INC (MGM) at $14.37 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MGM1022E17 (May$17.00) at $0.27 (closing bid price) expiring on 5/22/2010. Cost is $1,447, and income from sale of the calls is $16 and includes your commissions. Annualized return if called is 200%.	$16	$1,447	$6,197
Buy 100 shares of NANOMETRICS INC (NANO) at $10.70 (closing last trade price) and sell 1 call Out-of-the-Money contracts of NTQ1022E12.5 (May$12.50) at $0.25 (closing bid price) expiring on 5/22/2010. Cost is $1,080, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 183%.	$14	$1,080	$5,131
Buy 100 shares of XENOPORT INC (XNPT) at $10.90 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QXD1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $1,100, and income from sale of the calls is $34 and includes your commissions. Annualized return if called is 180%.	$34	$1,100	$4,065
Buy 100 shares of MCMORAN EXPLORATION CO (MMR) at $15.36 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1022E17.5 (May$17.50) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $1,546, and income from sale of the calls is $29 and includes your commissions. Annualized return if called is 162%.	$29	$1,546	$2,548
Buy 100 shares of TITANIUM METALS CORP (TIE) at $16.18 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TIE1022E18 (May$18.00) at $0.35 (closing bid price) expiring on 5/22/2010. Cost is $1,628, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 129%.	$24	$1,628	$944
Totals for April:	$396	$6,801	$944
Portfolio value at April 17, 2010 is $14,520*, up +45.2%. The S&P500 average for the year so far is up 4.9%

*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 16, 2010 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2010, 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 and sold more calls 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.