Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades fo February 20, 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 January:			$684
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.	$121		$805
Buy 200 shares of ROCKWELL MEDICAL TECHS (RMTI) at $7.13 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QRW BU (Feb$7.50) at $0.55 (closing bid price) expiring on 2/20/2010. Cost is $1,436, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 117%. Called on February 20 at $7.50. Proceeds $1,490 after commission. Final value including sale of all calls is $1,587, up 10.5%			$2,295
Buy 100 shares of E-HOUSE CHINA HLDGS ADS (EJ) at $16.79 (closing last trade price) and sell 1 call Out-of-the-Money contracts of EJ BW (Feb$17.50) at $0.75 (closing bid price) expiring on 2/20/2010. Cost is $1,689, and income from sale of the calls is $64 and includes your commissions. Annualized return if called is 77%. Not called on February 20. Will now sell Mar7.5 at $0.75. Price at $17.00 and value at $1,827, up 8.2% on February 20 including sale of all calls.	$64		$2,359
Buy 100 shares of VANCEINFO TECH INC ADR (VIT) at $19.35 (closing last trade price) and sell 1 call Out-of-the-Money contracts of VIT BD (Feb$20.00) at $0.95 (closing bid price) expiring on 2/20/2010. Cost is $1,945, and income from sale of the calls is $84 and includes your commissions. Annualized return if called is 75%. Exercised get-out price at $16.45 (-15%) on January 29 after buying back calls at $0.05. Proceeds $1,635 after commission. Final value including sale of all calls is $1,712, down (12.0%).			$3,994
Buy 300 shares of MGIC INVESTMENTS CORP (MTG) at $6.29 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MTG BU (Feb$7.50) at $0.30 (closing bid price) expiring on 2/20/2010. Cost is $1,897, and income from sale of the calls is $76 and includes your commissions. Annualized return if called is 236%. Not called on February 20. Will now sell Mar7.5 at $0.50. Price at $7.44 and value at $2,443, up 28.8% on February 20 including sale of all calls.	$136		$4,130
Buy 100 shares of CADENCE PHARMACEUTICALS (CADX) at $9.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QDC BV (Feb$12.50) at $0.35 (closing bid price) expiring on 2/20/2010. Cost is $1,008, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 275%. RISKY!!! Not called on February 20. Price at $9.34 and value at $958, down (5.0%). on February 20 including sale of all calls. Sold all ahares at $9.34 on February 20 to close out position. Proceeds $924 after commission.			$5,054
From Aggressive "Stocks-to-Consider" for February 20, 2010 and putting $2,000 in the money available field
Buy 100 shares of INTERMUNE INC (ITMN) at $15.33 (closing last trade price) and sell 1 call Out-of-the-Money contracts of IQY1020C17.5 (Mar$17.50) at $3.40 (closing bid price) expiring on 3/20/2010. Cost is $1,543, and income from sale of the calls is $329 and includes your commissions. Annualized return if called is 453%. RISKY!!!	$329	$1,543	$3,840
Buy 200 shares of ORIGIN AGRITECH LTD (SEED) at $9.15 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QSW1020C10 (Mar$10.00) at $0.40 (closing bid price) expiring on 3/20/2010. Cost is $1,840, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 161%.	$67	$1,840	$2,067
Buy 200 shares of CHINA NORTH EAST PETRO (NEP) at $9.69 (closing last trade price) and sell 2 call Out-of-the-Money contracts of NEP1020C10 (Mar$10.00) at $0.55 (closing bid price) expiring on 3/20/2010. Cost is $1,948, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 100%.	$97	$1,948	$216
Totals for February:	$814	$5,331	$216
Portfolio value at February 20, 2010 is $11,417*, up +14.2%. The S&P500 average for the year so far is up 2.1%

*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 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.