Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for August 22, 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 July: $779

From Aggressive "Stocks-to-Consider" May 16, 2009 and putting $2,000 in the money available field

Buy 100 shares of ROYAL CARIBBEAN CRUISES (RCL) at $14.30 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RCL FC (Jun$15.00) at $1.20 (closing bid price) expiring on 6/20/2009. Cost is $1,440, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 114%. Not called on June 20. Will now sell Jul15 at $0.65. Price at $14.02 and value at $1,564 , up 8.6% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug15 at $0.50. Price at $13.69 and value at $1,570, up 9.0% on July 18 including sale of all calls. Called on August 22 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,691, up 14.4%.
$2.470

From Aggressive "Stocks-to-Consider" June 20, 2009 and putting $2,000 in the money available field

Buy 200 shares of CONTINENTAL AIRLINES (CAL) at $9.17 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CAL GB (Jul$10.00) at $0.50 (closing bid price) expiring on 7/18/2009. Cost is $1,844, and income from sale of the calls is $87 and includes your commissions. Annualized return if called is 164%. Not called on July 18. Will now sell Aug10 at $0.80. Price at $9.75 and value at $2,184, up 18.4% on July 18 including sale of all calls. Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,294, up 24.4%.
$4,460

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

Buy 300 shares of OREXIGEN THERAPEUTICS (OREX) at $5.69 (closing last trade price) and sell 3 call Out-of-the-Money contracts of QRF HU (Aug$7.50) at $0.60 (closing bid price) expiring on 8/22/2009. Cost is $1,717, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 425%. Called on August 22 at $7.50. Proceeds $2,240 after commission. Total return including call premium is $2,406, up 40.1%.
$6,700

Buy 200 shares of MECHEL OAO (MTL) at $9.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MTL HB (Aug$10.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $1,910, and income from sale of the calls is $137 and includes your commissions. Annualized return if called is 124%. Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,127, up 11.4%.
$8,690

Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $14.43 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UVP HC (Aug$15.00) at $1.45 (closing bid price) expiring on 8/22/2009. Cost is $1,453, and income from sale of the calls is $134 and includes your commissions. Annualized return if called is 130%. Not called on August 22. Will now sell Sep15 at $0.50. Price at $13.71 and value at $1,533, up 5.5% on August 22 including sale of all calls.
$38 $8,728

Buy 100 shares of MERITAGE HOME CORP (MTH) at $19.11 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MTH HD (Aug$20.00) at $1.40 (closing bid price) expiring on 8/22/2009. Cost is $1,921, and income from sale of the calls is $129 and includes your commissions. Annualized return if called is 113%. Called on August 22 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,119, up 10.3%.
$10,718

Buy 100 shares of CANADIAN SOLAR INC (CSIQ) at $13.90 (closing last trade price) and sell 1 call Out-of-the-Money contracts of GQA HC (Aug$15.00) at $1.20 (closing bid price) expiring on 8/22/2009. Cost is $1,400, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 156%. Called on August 22 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,599, up 14.2%.
$12,208

Buy 200 shares of CB RICHARD ELLIS GROUP (CBG) at $9.30 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CBG HB (Aug$10.00) at $0.55 (closing bid price) expiring on 8/22/2009. Cost is $1,870, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 127%.Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,089, up 11.7%.
$14,198

Buy 100 shares of RIGEL PHARMACEUTICALS (RIGL) at $13.94 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QRG HC (Aug$15.00) at $1.05 (closing bid price) expiring on 8/22/2009. Cost is $1,404, and income from sale of the calls is $94 and includes your commissions. Annualized return if called is 141%. Exercised get-out price at $11.85 (-15%) on July 23 after buying back calls at $0.05. Proceeds $1,175 after commission. Final value including sale of all calls is $1,262, down (10.1%).
$15,373

From Aggressive "Stocks-to-Consider" August 22, 2009 and putting $2,000 in the money available field

Buy 100 shares of OSIRIS THERAPEUTICS INC (OSIR) at $12.25 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QIU IV (Sep$12.50) at $3.50 (closing bid price) expiring on 9/19/2009. Cost is $1,235, and income from sale of the calls is $339 and includes your commissions. Annualized return if called is 374%.
$339 $1,235 $14,477

Buy 200 shares of VIVUS INC (VVUS) at $6.78 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QJS IU (Sep$7.50) at $0.70 (closing bid price) expiring on 9/19/2009. Cost is $1,366, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 249%.
$127 $1,366 $13,238

Buy 100 shares of HURON CONSULTING GROUP (HURN) at $19.00 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QWX ID (Sep$20.00) at $1.20 (closing bid price) expiring on 9/19/2009. Cost is $1,910, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 136%.
$109 $1,910 $11,437

Buy 200 shares of BRUNSWICK CORP (BC) at $9.59 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BC IB (Sep$10.00) at $0.65 (closing bid price) expiring on 9/19/2009. Cost is $1,928, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 128%.
$117 $1,928 $9,626

Buy 200 shares of MOMENTA PHARMACEUTICALS (MNTA) at $9.74 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QMP IB (Sep$10.00) at $0.65 (closing bid price) expiring on 9/19/2009. Cost is $1,958, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 106%.
$117 $1,958 $7,785

Buy 200 shares of MCMORAN EXPLORATION CO (MMR) at $8.28 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MMR IB (Sep$10.00) at $0.25 (closing bid price) expiring on 9/19/2009. Cost is $1,666, and income from sale of the calls is $37 and includes your commissions. Annualized return if called is 290%.
$37 $1,666 $6,156

Buy 100 shares of TAKE-TWO INTERA SOFTWARE (TTWO) at $10.29 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TUO IV (Sep$12.50) at $0.30 (closing bid price) expiring on 9/19/2009. Cost is $1,039, and income from sale of the calls is $19 and includes your commissions. Annualized return if called is 289%.
$19 $1,039 $5,136

Buy 100 shares of CANADIAN SOLAR INC (CSIQ) at $15.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of GQA IW (Sep$17.50) at $0.85 (closing bid price) expiring on 9/19/2009. Cost is $1,608, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 175%.
$74 $1,608 $3,602

Buy 100 shares of AMYLIN PHARMACEUTICALS (AMLN) at $13.48 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AQM IC (Sep$15.00) at $0.25 (closing bid price) expiring on 9/19/2009. Cost is $1,358, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 150%.
$14 $1,358 $2,258

Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $13.71 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UVP IC (Sep$15.00) at $0.40 (closing bid price) expiring on 9/19/2009. Cost is $1,381, and income from sale of the calls is $29 and includes your commissions. Annualized return if called is 140%.
$28 $1,381 $905

Totals for August:
$981 $15,449 $905

Portfolio value at August 22 is $17,625*, up +76.3%. The NASDAQ average for the year so far is up +32.1%

*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 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.

	Call Premium	Cost	Balance
From July:			$779
From Aggressive "Stocks-to-Consider" May 16, 2009 and putting $2,000 in the money available field
Buy 100 shares of ROYAL CARIBBEAN CRUISES (RCL) at $14.30 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RCL FC (Jun$15.00) at $1.20 (closing bid price) expiring on 6/20/2009. Cost is $1,440, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 114%. Not called on June 20. Will now sell Jul15 at $0.65. Price at $14.02 and value at $1,564 , up 8.6% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug15 at $0.50. Price at $13.69 and value at $1,570, up 9.0% on July 18 including sale of all calls. Called on August 22 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,691, up 14.4%.			$2.470
From Aggressive "Stocks-to-Consider" June 20, 2009 and putting $2,000 in the money available field
Buy 200 shares of CONTINENTAL AIRLINES (CAL) at $9.17 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CAL GB (Jul$10.00) at $0.50 (closing bid price) expiring on 7/18/2009. Cost is $1,844, and income from sale of the calls is $87 and includes your commissions. Annualized return if called is 164%. Not called on July 18. Will now sell Aug10 at $0.80. Price at $9.75 and value at $2,184, up 18.4% on July 18 including sale of all calls. Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,294, up 24.4%.			$4,460
From Aggressive "Stocks-to-Consider" July 18, 2009 and putting $2,000 in the money available field
Buy 300 shares of OREXIGEN THERAPEUTICS (OREX) at $5.69 (closing last trade price) and sell 3 call Out-of-the-Money contracts of QRF HU (Aug$7.50) at $0.60 (closing bid price) expiring on 8/22/2009. Cost is $1,717, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 425%. Called on August 22 at $7.50. Proceeds $2,240 after commission. Total return including call premium is $2,406, up 40.1%.			$6,700
Buy 200 shares of MECHEL OAO (MTL) at $9.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MTL HB (Aug$10.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $1,910, and income from sale of the calls is $137 and includes your commissions. Annualized return if called is 124%. Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,127, up 11.4%.			$8,690
Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $14.43 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UVP HC (Aug$15.00) at $1.45 (closing bid price) expiring on 8/22/2009. Cost is $1,453, and income from sale of the calls is $134 and includes your commissions. Annualized return if called is 130%. Not called on August 22. Will now sell Sep15 at $0.50. Price at $13.71 and value at $1,533, up 5.5% on August 22 including sale of all calls.	$38		$8,728
Buy 100 shares of MERITAGE HOME CORP (MTH) at $19.11 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MTH HD (Aug$20.00) at $1.40 (closing bid price) expiring on 8/22/2009. Cost is $1,921, and income from sale of the calls is $129 and includes your commissions. Annualized return if called is 113%. Called on August 22 at $20.00. Proceeds $1,990 after commission. Total return including call premium is $2,119, up 10.3%.			$10,718
Buy 100 shares of CANADIAN SOLAR INC (CSIQ) at $13.90 (closing last trade price) and sell 1 call Out-of-the-Money contracts of GQA HC (Aug$15.00) at $1.20 (closing bid price) expiring on 8/22/2009. Cost is $1,400, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 156%. Called on August 22 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,599, up 14.2%.			$12,208
Buy 200 shares of CB RICHARD ELLIS GROUP (CBG) at $9.30 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CBG HB (Aug$10.00) at $0.55 (closing bid price) expiring on 8/22/2009. Cost is $1,870, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 127%.Called on August 22 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,089, up 11.7%.			$14,198
Buy 100 shares of RIGEL PHARMACEUTICALS (RIGL) at $13.94 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QRG HC (Aug$15.00) at $1.05 (closing bid price) expiring on 8/22/2009. Cost is $1,404, and income from sale of the calls is $94 and includes your commissions. Annualized return if called is 141%. Exercised get-out price at $11.85 (-15%) on July 23 after buying back calls at $0.05. Proceeds $1,175 after commission. Final value including sale of all calls is $1,262, down (10.1%).			$15,373
From Aggressive "Stocks-to-Consider" August 22, 2009 and putting $2,000 in the money available field
Buy 100 shares of OSIRIS THERAPEUTICS INC (OSIR) at $12.25 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QIU IV (Sep$12.50) at $3.50 (closing bid price) expiring on 9/19/2009. Cost is $1,235, and income from sale of the calls is $339 and includes your commissions. Annualized return if called is 374%.	$339	$1,235	$14,477
Buy 200 shares of VIVUS INC (VVUS) at $6.78 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QJS IU (Sep$7.50) at $0.70 (closing bid price) expiring on 9/19/2009. Cost is $1,366, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 249%.	$127	$1,366	$13,238
Buy 100 shares of HURON CONSULTING GROUP (HURN) at $19.00 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QWX ID (Sep$20.00) at $1.20 (closing bid price) expiring on 9/19/2009. Cost is $1,910, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 136%.	$109	$1,910	$11,437
Buy 200 shares of BRUNSWICK CORP (BC) at $9.59 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BC IB (Sep$10.00) at $0.65 (closing bid price) expiring on 9/19/2009. Cost is $1,928, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 128%.	$117	$1,928	$9,626
Buy 200 shares of MOMENTA PHARMACEUTICALS (MNTA) at $9.74 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QMP IB (Sep$10.00) at $0.65 (closing bid price) expiring on 9/19/2009. Cost is $1,958, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 106%.	$117	$1,958	$7,785
Buy 200 shares of MCMORAN EXPLORATION CO (MMR) at $8.28 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MMR IB (Sep$10.00) at $0.25 (closing bid price) expiring on 9/19/2009. Cost is $1,666, and income from sale of the calls is $37 and includes your commissions. Annualized return if called is 290%.	$37	$1,666	$6,156
Buy 100 shares of TAKE-TWO INTERA SOFTWARE (TTWO) at $10.29 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TUO IV (Sep$12.50) at $0.30 (closing bid price) expiring on 9/19/2009. Cost is $1,039, and income from sale of the calls is $19 and includes your commissions. Annualized return if called is 289%.	$19	$1,039	$5,136
Buy 100 shares of CANADIAN SOLAR INC (CSIQ) at $15.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of GQA IW (Sep$17.50) at $0.85 (closing bid price) expiring on 9/19/2009. Cost is $1,608, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 175%.	$74	$1,608	$3,602
Buy 100 shares of AMYLIN PHARMACEUTICALS (AMLN) at $13.48 (closing last trade price) and sell 1 call Out-of-the-Money contracts of AQM IC (Sep$15.00) at $0.25 (closing bid price) expiring on 9/19/2009. Cost is $1,358, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 150%.	$14	$1,358	$2,258
Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $13.71 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UVP IC (Sep$15.00) at $0.40 (closing bid price) expiring on 9/19/2009. Cost is $1,381, and income from sale of the calls is $29 and includes your commissions. Annualized return if called is 140%.	$28	$1,381	$905
Totals for August:	$981	$15,449	$905
Portfolio value at August 22 is $17,625*, up +76.3%. The NASDAQ average for the year so far is up +32.1%