$10,000 Monitored Aggressive Portfolio Trades for December 2006
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.
| Call Premium | Cost | Balance | |
| From Nov: | $547 | ||
| 100 shares of MFLX purchased in September at $23.27 not called in October. Price at $22.47, Value $2,247 on 10/20/06. Sell 1 Nov25 at $0.90. Not called in November. Price at $21.57, Value $2,157 on 11/18/06. Sell 1 Dec25 at $0.20. Not called in December. Price at $21.26, Value $2,126 on 12/16/06. Holding. | still own shares | $999 | |
| 100 shares of MEE purchased in October at $23.72 not called in November. Price at $24.72, Value $2,472 on 11/17/06. Sell 1 Dec25 at $1.00. Called at $25.00 in December. Proceeds $2,490 after commission. | $3,489 | ||
| 200 shares of BCRX purchased in November at $11.73 not called in December. Price at $11.86, Value $2,372 on 12/16/06. Sell 2 Jan12.5 at $0.80. | +$147 | still own shares | $3,636 |
| 100 shares of IOC in November at $21.80 called at $22.50 in December. Proceeds $2,240 after commission. | $5,876 | ||
| 100 shares of BCSI in November at $24.35 called at $25.00 in December. Proceeds $2,490 after commission. | $8,366 | ||
| RISKY - 100 shares of ONXX in November at $18.02.Stock tanked on December 4. We held stock for five trading days looking foe a bounce and then sold all shares at $11.86 to close out position. Proceeds $1,176 after commission. | $9,542 | ||
| From Aggressive "Stocks-to-Consider" for December 21, 2006 and putting $2,500 in money available, using the high PE or no earnings button and then finding the buy/writes identified by the Analyzer with the highest Income from the sale of the calls. | |||
| Buy 100 shares of TELK at $16.69 (closing last trade price) and sell 1 contracts of ZUL AW (Jan$17.50 ) at $4.20 (closing bid price) expiring on 1/20/2007 . | +$409 | $1,679 | $8,272 |
| Buy 200 shares of AGIX at $11.57 (closing last trade price) and sell 2 contracts of AUB AC (Jan$12.50 ) at $1.70 (closing bid price) expiring on 1/20/2007 . | +$327 | $2,324 | $6,275 |
| Buy 100 shares of NFLD at $14.79 (closing last trade price) and sell 1 contracts of DHQ AW (Jan$17.50 ) at $2.30 (closing bid price) expiring on 1/20/2007 . | +$219 | $1,489 | $5,005 |
| Buy 100 shares of MNTA at $16.94 (closing last trade price) and sell 1 contracts of QMP AW (Jan$17.50 ) at $1.50 (closing bid price) expiring on 1/20/2007 . | +$139 | $1,704 | $3,440 |
| Buy 200 shares of XMSR at $15.89 (closing last trade price) and sell 2 contracts of QSY AW (Jan$17.50 ) at $0.45 (closing bid price) expiring on 1/20/2007 . | +$77 | $3,188 | $329 |
|
Totals for December: |
+$1,318 | $329 | |
| Portfolio value at December 16, 2006 after selling the calls is $15,135. We will review results and close out this portfolio for 2006 on the weekend of January 20, 2007 (expiration weekend) and make additional trades as dictated by the Covered Call Analyzer. | |||
*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 21, 2006 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2006, 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 $5,000 (the default value) 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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