Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades fo December 19, 2009 at January 16, 2010 (close out of 2009 portfolio)

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 December: $358

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

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%. Not called on September 19. Will now sell Oct12.5 at $0.45. Price at $11.73 and value at $1,222, 17.6% on September 19 including sale of all calls. Not called on October 17. Will now sell Nov12.5 at $0.30. Price at $11.18 and value at $1,189, up 14.4% on October 17 including sale of all calls. Not called on November 21. Will now sell Dec12.5 at $0.40. Price at $11.20 and value at $1,219, up 17.3% on November 21 including sale of all calls. Stock tanked on December 4. Held for 5 trading days and sold all shares at $7.91 (-15%) on December 11 after buying back calls at $0.05. Proceeds $781 after commission. Final value including sale of all calls is $874, down (15.9%).
$358

From Aggressive "Stocks-to-Consider" October 17, 2009 and putting $2,000 in the money available field

Buy 200 shares of BIOCRYST PHARMACEUTICALS (BCRX) at $9.41 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BIU KB (Nov$10.00) at $0.85 (closing bid price) expiring on 11/21/2009. Cost is $1,902, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 136%. Not called on November 21. Will now sell Dec10 at $0.65. Price at $9.55 and value at $2,184, up 15.4% on November 21 including sale of all calls. Exercised get-out price at $8.00 (-15%) on December 4 after buying back calls at $0.05. Proceeds $1,590 after commission. Final value including sale of all calls is $1,851, down (2.2%).
$358

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

Buy 200 shares of SIGA TECHNOLOGIES INC (SIGA) at $7.20 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FKQ LB (Dec$10.00) at $0.30 (closing bid price) expiring on 12/19/2009. Cost is $1,450, and income from sale of the calls is $47 and includes your commissions. Annualized return if called is 537%. Exercised get-out price at $6.12 (-15%) on December 11 after buying back calls at $0.05. Proceeds $1,214 after commission. Final value including sale of all calls is $1,248, down (13.9%).
$358

Buy 200 shares of IMMUNOGEN INC (IMGN) at $8.35 (closing last trade price) and sell 2 call Out-of-the-Money contracts of GMU LB (Dec$10.00) at $0.70 (closing bid price) expiring on 12/19/2009. Cost is $1,680, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 347%. Not called on December 16. Price at $7.94 and value at $1,715, up 2.1% on December 19 including sale of all calls. Sold all shares at $7.94 on December 19 to close out position. Proceeds $1,578 after commission.
$358

Buy 300 shares of METROPCS COMMUNICATIONS INC. (PCS) at $6.52 (closing last trade price) and sell 3 call Out-of-the-Money contracts of PCS LU (Dec$7.50) at $0.30 (closing bid price) expiring on 12/19/2009. Cost is $1,966, and income from sale of the calls is $76 and includes your commissions. Annualized return if called is 239%. Not called on December 16. Will now sell Jan7.5 at $0.40. Price at $7.45 and value at $2,416, up 22.9% on December 19 including sale of all calls. Not called on January 16. Price at $6.32 and value at $2,077,up 5.7% including sale of all calls. Sold all shares at $6.32 on January 16 to close out position. Proceeds $1,886 after commission.
$2,244

Buy 200 shares of MCMORAN EXPLORATION CO (MMR) at $7.09 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MMR LU (Dec$7.50) at $0.45 (closing bid price) expiring on 12/19/2009. Cost is $1,428, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 136%. Not called on December 16. Will now sell Jan7.5 at $0.55. Price at $7.38 and value at $1,650, up 15.6% on December 19 including sale of all calls. Called on January 16 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,664, up 16.5%.
$3,734

Buy 200 shares of ZOLTEK COMPANIES INC (ZOLT) at $9.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LVQ LB (Dec$10.00) at $0.45 (closing bid price) expiring on 12/19/2009. Cost is $1,902, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 120%. Not called on December 16. Will now sell Jan10 at $0.20. Price at $9.24 and value at $1,952, up 2.6% on December 19 including sale of all calls. Not called on January 16. Price at $9.49 and value at $2,002,up 5.3% including sale of all calls. Sold all shares at $9.49 on January 16 to close out position. Proceeds $1,888 after commission.
$5,622

Buy 200 shares of CHINA NATURAL GAS INC (CHNG) at $9.42 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ZQH LB (Dec$10.00) at $0.40 (closing bid price) expiring on 12/19/2009. Cost is $1,894, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 119%. Called on November 21 at $15.00. Proceeds $1,490 after commission. Final value including sale of all calls is $1,579, up 9.7%
$5,622

Buy 100 shares of TIVO INC (TIVO) at $10.66 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TUK LV (Dec$12.50) at $0.25 (closing bid price) expiring on 12/19/2009. Cost is $1,076, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 228%. Not called on December 16. Price at $9.40 and value at $954, down (11.4%), on December 19 including sale of all calls. Sold all shares at $9.40 on December 19 to close out position. Proceeds $930 after commission.
$5,622

Buy 100 shares of UNIVERSAL TRAVEL GROUP (UTA) at $10.78 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UTA LV (Dec$12.50) at $0.35 (closing bid price) expiring on 12/19/2009. Cost is $1,088, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 223%. Exercised get-out price at $9.16 (-15%) on December 10 after buying back calls at $0.05. Proceeds $906 after commission. Final value including sale of all calls is $923, down (15.2%).
$5,622

From Aggressive "Stocks-to-Consider" December 19, 2009 and putting $2,000 in the money available field

Buy 300 shares of SIGA TECHNOLOGIES INC (SIGA) at $6.23 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FKQ AU (Jan$7.50) at $0.40 (closing bid price) expiring on 1/16/2010. Cost is $1,889, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 322%. Not called on January 16. Price at $5.94 and value at $1,888,up 0.5% including sale of all calls. Sold all shares at $XX.XX on January 16 to close out position. Proceeds $1,772 after commission.
$7,394

Buy 100 shares of SILVER WHEATON CORPORATION (SLW) at $14.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SLW AC (Jan$15.00) at $0.90 (closing bid price) expiring on 1/16/2010. Cost is $1,479, and income from sale of the calls is $79 and includes your commissions. Annualized return if called is 88%. Called on January 16 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,569, up 6.8%.
$8,963

Buy 200 shares of VIVUS INC (VVUS) at $9.24 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QJS AB (Jan$10.00) at $0.55 (closing bid price) expiring on 1/16/2010. Cost is $1,868, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 160% .Not called on January 16. Price at $9.34 and value at $1,965,up 5.8% including sale of all calls. Sold all shares at $9.34 on January 16 to close out position. Proceeds $1,858 after commission.
$10,821

Buy 100 shares of ATP OIL & GAS CORP (ATPG) at $18.74 (closing last trade price) and sell 1 call Out-of-the-Money contracts of HKU AD (Jan$20.00) at $0.70 (closing bid price) expiring on 1/16/2010. Cost is $1,894, and income from sale of the calls is $59 and includes your commissions. Annualized return if called is 114%. Not called on January 16. Price at $17.50 and value at $1,809, down (4.0%) including sale of all calls. Sold all shares at $17.50 on January 16 to close out position. Proceeds $1,740 after commission.
$12,561

Buy 200 shares of ING GROEP NV (ING) at $9.72 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ING AB (Jan$10.00) at $0.40 (closing bid price) expiring on 1/16/2010. Cost is $1,964, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 68%. Called on January 16 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,057, up 5.3%.
$14,551

Totals for December:
$14,551

Portfolio value at January 16, 2010 is $14,551*, up +45.5%. The S&P500 average for the year was up +33.6%. This portfolio was closed out on January 16, 2010.

*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 December:			$358
From Aggressive "Stocks-to-Consider" August 22, 2009 and putting $2,000 in the money available field
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%. Not called on September 19. Will now sell Oct12.5 at $0.45. Price at $11.73 and value at $1,222, 17.6% on September 19 including sale of all calls. Not called on October 17. Will now sell Nov12.5 at $0.30. Price at $11.18 and value at $1,189, up 14.4% on October 17 including sale of all calls. Not called on November 21. Will now sell Dec12.5 at $0.40. Price at $11.20 and value at $1,219, up 17.3% on November 21 including sale of all calls. Stock tanked on December 4. Held for 5 trading days and sold all shares at $7.91 (-15%) on December 11 after buying back calls at $0.05. Proceeds $781 after commission. Final value including sale of all calls is $874, down (15.9%).			$358
From Aggressive "Stocks-to-Consider" October 17, 2009 and putting $2,000 in the money available field
Buy 200 shares of BIOCRYST PHARMACEUTICALS (BCRX) at $9.41 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BIU KB (Nov$10.00) at $0.85 (closing bid price) expiring on 11/21/2009. Cost is $1,902, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 136%. Not called on November 21. Will now sell Dec10 at $0.65. Price at $9.55 and value at $2,184, up 15.4% on November 21 including sale of all calls. Exercised get-out price at $8.00 (-15%) on December 4 after buying back calls at $0.05. Proceeds $1,590 after commission. Final value including sale of all calls is $1,851, down (2.2%).			$358
From Aggressive "Stocks-to-Consider" November 21, 2009 and putting $2,000 in the money available field
Buy 200 shares of SIGA TECHNOLOGIES INC (SIGA) at $7.20 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FKQ LB (Dec$10.00) at $0.30 (closing bid price) expiring on 12/19/2009. Cost is $1,450, and income from sale of the calls is $47 and includes your commissions. Annualized return if called is 537%. Exercised get-out price at $6.12 (-15%) on December 11 after buying back calls at $0.05. Proceeds $1,214 after commission. Final value including sale of all calls is $1,248, down (13.9%).			$358
Buy 200 shares of IMMUNOGEN INC (IMGN) at $8.35 (closing last trade price) and sell 2 call Out-of-the-Money contracts of GMU LB (Dec$10.00) at $0.70 (closing bid price) expiring on 12/19/2009. Cost is $1,680, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 347%. Not called on December 16. Price at $7.94 and value at $1,715, up 2.1% on December 19 including sale of all calls. Sold all shares at $7.94 on December 19 to close out position. Proceeds $1,578 after commission.			$358
Buy 300 shares of METROPCS COMMUNICATIONS INC. (PCS) at $6.52 (closing last trade price) and sell 3 call Out-of-the-Money contracts of PCS LU (Dec$7.50) at $0.30 (closing bid price) expiring on 12/19/2009. Cost is $1,966, and income from sale of the calls is $76 and includes your commissions. Annualized return if called is 239%. Not called on December 16. Will now sell Jan7.5 at $0.40. Price at $7.45 and value at $2,416, up 22.9% on December 19 including sale of all calls. Not called on January 16. Price at $6.32 and value at $2,077,up 5.7% including sale of all calls. Sold all shares at $6.32 on January 16 to close out position. Proceeds $1,886 after commission.			$2,244
Buy 200 shares of MCMORAN EXPLORATION CO (MMR) at $7.09 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MMR LU (Dec$7.50) at $0.45 (closing bid price) expiring on 12/19/2009. Cost is $1,428, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 136%. Not called on December 16. Will now sell Jan7.5 at $0.55. Price at $7.38 and value at $1,650, up 15.6% on December 19 including sale of all calls. Called on January 16 at $7.50. Proceeds $1,490 after commission. Total return including call premium is $1,664, up 16.5%.			$3,734
Buy 200 shares of ZOLTEK COMPANIES INC (ZOLT) at $9.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LVQ LB (Dec$10.00) at $0.45 (closing bid price) expiring on 12/19/2009. Cost is $1,902, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 120%. Not called on December 16. Will now sell Jan10 at $0.20. Price at $9.24 and value at $1,952, up 2.6% on December 19 including sale of all calls. Not called on January 16. Price at $9.49 and value at $2,002,up 5.3% including sale of all calls. Sold all shares at $9.49 on January 16 to close out position. Proceeds $1,888 after commission.			$5,622
Buy 200 shares of CHINA NATURAL GAS INC (CHNG) at $9.42 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ZQH LB (Dec$10.00) at $0.40 (closing bid price) expiring on 12/19/2009. Cost is $1,894, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 119%. Called on November 21 at $15.00. Proceeds $1,490 after commission. Final value including sale of all calls is $1,579, up 9.7%			$5,622
Buy 100 shares of TIVO INC (TIVO) at $10.66 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TUK LV (Dec$12.50) at $0.25 (closing bid price) expiring on 12/19/2009. Cost is $1,076, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 228%. Not called on December 16. Price at $9.40 and value at $954, down (11.4%), on December 19 including sale of all calls. Sold all shares at $9.40 on December 19 to close out position. Proceeds $930 after commission.			$5,622
Buy 100 shares of UNIVERSAL TRAVEL GROUP (UTA) at $10.78 (closing last trade price) and sell 1 call Out-of-the-Money contracts of UTA LV (Dec$12.50) at $0.35 (closing bid price) expiring on 12/19/2009. Cost is $1,088, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 223%. Exercised get-out price at $9.16 (-15%) on December 10 after buying back calls at $0.05. Proceeds $906 after commission. Final value including sale of all calls is $923, down (15.2%).			$5,622
From Aggressive "Stocks-to-Consider" December 19, 2009 and putting $2,000 in the money available field
Buy 300 shares of SIGA TECHNOLOGIES INC (SIGA) at $6.23 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FKQ AU (Jan$7.50) at $0.40 (closing bid price) expiring on 1/16/2010. Cost is $1,889, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 322%. Not called on January 16. Price at $5.94 and value at $1,888,up 0.5% including sale of all calls. Sold all shares at $XX.XX on January 16 to close out position. Proceeds $1,772 after commission.			$7,394
Buy 100 shares of SILVER WHEATON CORPORATION (SLW) at $14.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SLW AC (Jan$15.00) at $0.90 (closing bid price) expiring on 1/16/2010. Cost is $1,479, and income from sale of the calls is $79 and includes your commissions. Annualized return if called is 88%. Called on January 16 at $15.00. Proceeds $1,490 after commission. Total return including call premium is $1,569, up 6.8%.			$8,963
Buy 200 shares of VIVUS INC (VVUS) at $9.24 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QJS AB (Jan$10.00) at $0.55 (closing bid price) expiring on 1/16/2010. Cost is $1,868, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 160% .Not called on January 16. Price at $9.34 and value at $1,965,up 5.8% including sale of all calls. Sold all shares at $9.34 on January 16 to close out position. Proceeds $1,858 after commission.			$10,821
Buy 100 shares of ATP OIL & GAS CORP (ATPG) at $18.74 (closing last trade price) and sell 1 call Out-of-the-Money contracts of HKU AD (Jan$20.00) at $0.70 (closing bid price) expiring on 1/16/2010. Cost is $1,894, and income from sale of the calls is $59 and includes your commissions. Annualized return if called is 114%. Not called on January 16. Price at $17.50 and value at $1,809, down (4.0%) including sale of all calls. Sold all shares at $17.50 on January 16 to close out position. Proceeds $1,740 after commission.			$12,561
Buy 200 shares of ING GROEP NV (ING) at $9.72 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ING AB (Jan$10.00) at $0.40 (closing bid price) expiring on 1/16/2010. Cost is $1,964, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 68%. Called on January 16 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,057, up 5.3%.			$14,551
Totals for December:			$14,551
Portfolio value at January 16, 2010 is $14,551*, up +45.5%. The S&P500 average for the year was up +33.6%. This portfolio was closed out on January 16, 2010.