Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for January 16, 2010

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Call Premium Cost Balance

Starting Cash: $10,000

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!!! $106 $1,792 $8,314

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%. $97 $1,436 $6,975

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%. $64 $1,689 $5,350

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%. $84 $1,945 $3,489

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%. $76 $1,897
$1,668

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!!! $24 $1,008 $684

Totals for January:
$451 $9,767 $684

Portfolio value at January 22, 2011 is $10,653*, up +6.5%. The S&P500 average for the year so far is up +0.0%

*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.

	Call Premium	Cost	Balance
Starting Cash:			$10,000
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!!!	$106	$1,792	$8,314
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%.	$97	$1,436	$6,975
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%.	$64	$1,689	$5,350
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%.	$84	$1,945	$3,489
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%.	$76	$1,897	$1,668
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!!!	$24	$1,008	$684
Totals for January:	$451	$9,767	$684
Portfolio value at January 22, 2011 is $10,653*, up +6.5%. The S&P500 average for the year so far is up +0.0%