Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for July 18, 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 June: $776

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.
$39 $815

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

Buy 300 shares of HUNTSMAN CORP (HUN) at $6.36 (closing last trade price) and sell 3 call Out-of-the-Money contracts of HUN GU (Jul$7.50) at $0.60 (closing bid price) expiring on 7/18/2009. Cost is $1,918, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 330%. Exercised get-out price at $5.41 (-15%) on June 25 after buying back calls at $0.05. Proceeds $1,613 after commission. Final value including sale of all calls is $1,759, down (8.3%).
($30) $2,398

Buy 100 shares of RIGEL PHARMACEUTICALS (RIGL) at $11.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QRG GV (Jul$12.50) at $1.70 (closing bid price) expiring on 7/18/2009. Cost is $1,169, and income from sale of the calls is $159 and includes your commissions. Annualized return if called is 254%. Called on July 18 at $12.50. Proceeds $1,240 after commission. Total return including call premium is $1,399, up 19.9%.
$3,638

Buy 200 shares of MECHEL OAO (MTL) at $9.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MTL GB (Jul$10.00) at $0.65 (closing bid price) expiring on 7/18/2009. Cost is $1,868, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 166%. Exercised get-out price at $7.90 (-15%) on July 7 after buying back calls at $0.05. Proceeds $1,570 after commission. Final value including sale of all calls is $1,674, down (10.4%).
($23) $5,185

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.
$147 $5,332

Buy 100 shares of SUNTECH POWER HOLDINGS (STP) at $18.04 (closing last trade price) and sell 1 call Out-of-the-Money contracts of STP GD (Jul$20.00) at $0.85 (closing bid price) expiring on 7/18/2009. Cost is $1,814, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 179%. Exercised get-out price at $15.33 (-15%) on July 10 after buying back calls at $0.05. Proceeds $1,523 after commission. Final value including sale of all calls is $1,590, down (12.3%).
($17) $6,838

Buy 100 shares of RTI INTERNAT METAL INC (RTI) at $19.30 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RTI GD (Jul$20.00) at $1.20 (closing bid price) expiring on 7/18/2009. Cost is $1,940, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 106%. Exercised get-out price at $16.41 (-15%) on July 2 after buying back calls at $0.05. Proceeds $1,631 after commission. Final value including sale of all calls is $1,733, down (10.7%).
($17) $8,452

Buy 100 shares of CARRIZO OIL & GAS INC (CRZO) at $18.97 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QOW GD (Jul$20.00) at $1.05 (closing bid price) expiring on 7/18/2009. Cost is $1,907, and income from sale of the calls is $94 and includes your commissions. Annualized return if called is 120%. Exercised get-out price at $16.12 (-15%) on July 6 after buying back calls at $0.05. Proceeds $1,602 after commission. Final value including sale of all calls is $1,689, down (11.4%).
($17) $10,037

Buy 100 shares of MERITAGE HOME CORP (MTH) at $18.57 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MTH GD (Jul$20.00) at $0.85 (closing bid price) expiring on 7/18/2009. Cost is $1,867, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 137%. Exercised get-out price at $15.78 (-15%) on July 8 after buying back calls at $0.05. Proceeds $1,568 after commission. Final value including sale of all calls is $1,652, down (11.5%).
($17) $11,588

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%.
$166 $1,717 $10,037

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%.
$137 $1,910 $8,264

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%.
$134 $1,453 $6,945

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%.
$129 $1,921 $5,153

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%.
$109 $1,400 $3,862

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%.
$97 $1,870 $2,089

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%.
$94 $1,404 $779

Totals for July:
$931 $11,675 $779

Portfolio value at July 18 is $15,703*, up +57.0%. The NASDAQ average for the year so far is up +23.4%

*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 June:			$776
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.	$39		$815
From Aggressive "Stocks-to-Consider" June 20, 2009 and putting $2,000 in the money available field
Buy 300 shares of HUNTSMAN CORP (HUN) at $6.36 (closing last trade price) and sell 3 call Out-of-the-Money contracts of HUN GU (Jul$7.50) at $0.60 (closing bid price) expiring on 7/18/2009. Cost is $1,918, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 330%. Exercised get-out price at $5.41 (-15%) on June 25 after buying back calls at $0.05. Proceeds $1,613 after commission. Final value including sale of all calls is $1,759, down (8.3%).	($30)		$2,398
Buy 100 shares of RIGEL PHARMACEUTICALS (RIGL) at $11.59 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QRG GV (Jul$12.50) at $1.70 (closing bid price) expiring on 7/18/2009. Cost is $1,169, and income from sale of the calls is $159 and includes your commissions. Annualized return if called is 254%. Called on July 18 at $12.50. Proceeds $1,240 after commission. Total return including call premium is $1,399, up 19.9%.			$3,638
Buy 200 shares of MECHEL OAO (MTL) at $9.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MTL GB (Jul$10.00) at $0.65 (closing bid price) expiring on 7/18/2009. Cost is $1,868, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 166%. Exercised get-out price at $7.90 (-15%) on July 7 after buying back calls at $0.05. Proceeds $1,570 after commission. Final value including sale of all calls is $1,674, down (10.4%).	($23)		$5,185
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.	$147		$5,332
Buy 100 shares of SUNTECH POWER HOLDINGS (STP) at $18.04 (closing last trade price) and sell 1 call Out-of-the-Money contracts of STP GD (Jul$20.00) at $0.85 (closing bid price) expiring on 7/18/2009. Cost is $1,814, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 179%. Exercised get-out price at $15.33 (-15%) on July 10 after buying back calls at $0.05. Proceeds $1,523 after commission. Final value including sale of all calls is $1,590, down (12.3%).	($17)		$6,838
Buy 100 shares of RTI INTERNAT METAL INC (RTI) at $19.30 (closing last trade price) and sell 1 call Out-of-the-Money contracts of RTI GD (Jul$20.00) at $1.20 (closing bid price) expiring on 7/18/2009. Cost is $1,940, and income from sale of the calls is $109 and includes your commissions. Annualized return if called is 106%. Exercised get-out price at $16.41 (-15%) on July 2 after buying back calls at $0.05. Proceeds $1,631 after commission. Final value including sale of all calls is $1,733, down (10.7%).	($17)		$8,452
Buy 100 shares of CARRIZO OIL & GAS INC (CRZO) at $18.97 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QOW GD (Jul$20.00) at $1.05 (closing bid price) expiring on 7/18/2009. Cost is $1,907, and income from sale of the calls is $94 and includes your commissions. Annualized return if called is 120%. Exercised get-out price at $16.12 (-15%) on July 6 after buying back calls at $0.05. Proceeds $1,602 after commission. Final value including sale of all calls is $1,689, down (11.4%).	($17)		$10,037
Buy 100 shares of MERITAGE HOME CORP (MTH) at $18.57 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MTH GD (Jul$20.00) at $0.85 (closing bid price) expiring on 7/18/2009. Cost is $1,867, and income from sale of the calls is $74 and includes your commissions. Annualized return if called is 137%. Exercised get-out price at $15.78 (-15%) on July 8 after buying back calls at $0.05. Proceeds $1,568 after commission. Final value including sale of all calls is $1,652, down (11.5%).	($17)		$11,588
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%.	$166	$1,717	$10,037
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%.	$137	$1,910	$8,264
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%.	$134	$1,453	$6,945
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%.	$129	$1,921	$5,153
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%.	$109	$1,400	$3,862
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%.	$97	$1,870	$2,089
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%.	$94	$1,404	$779
Totals for July:	$931	$11,675	$779
Portfolio value at July 18 is $15,703*, up +57.0%. The NASDAQ average for the year so far is up +23.4%