Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for July 17, 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 June: $26

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. Not called on March 20. Will now sell Apr7.5 at $0.45. Price at $6.99 and value at $2,444, up 36.4% on March 20 including sale of all calls. Not called on April 17. Will now sell May7.5 at $0.30. Price at $6.57 and value at $2,393, up 33.6% on April 17 including sale of all calls. Not called on May 22. Will now sell Jun7.5 at $0.60. Price at $7.23 and value at $2,757, up 53.8% on May 22 including sale of all calls. Not called on June 19. Will now sell Jul7.5 at $0.40. Price at $6.80 and value at $2,733, up 52.5% on June 19 including sale of all calls. Called on July 17 at $7.50. Proceeds $2,240 after commission. Final value including sale of all calls is $2,933, up 63.7%.
$2,266

From Aggressive "Stocks-to-Consider" for April 17, 2010 and putting $2,000 in the money available field

Buy 100 shares of NANOMETRICS INC (NANO) at $10.70 (closing last trade price) and sell 1 call Out-of-the-Money contracts of NTQ1022E12.5 (May$12.50) at $0.25 (closing bid price) expiring on 5/22/2010. Cost is $1,080, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 183% .Not called on May 22. Will now sell Jun12.5 at $0.35. Price at $10.40 and value at $1,077, down (0.3%). on May 22 including sale of all calls. Not called on June 19. Will now sell Ju12.5 at $0.35. Price at $11.86 and value at $1,247, up 15.4% on June 19 including sale of all calls. Exercised get-out price at $9.10 (-15%) on July 8 after buying back calls at $0.05. Proceeds $900 after commission. Final value including sale of all calls is $954, down (11.6%)
$3,166

From Aggressive "Stocks-to-Consider" for May 22, 2010 and putting $2,000 in the money available field

Buy 200 shares of DIREXION DAILY SMALL CAP BEA (TZA) at $7.34 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TZA1019F10 (Jun$10.00) at $0.58 (closing bid price) expiring on 6/19/2010. Cost is $1,478, and income from sale of the calls is $103 and includes your commissions. Annualized return if called is 551%. Not called on June 19. Will now sell Jul9 at $0.21. Price at $6.38 and value at $1,404, down (5.0%) on June 19 including sale of all calls. Note that we have lowered the strike price. We are holding on to this ETF as a hedge against a drop in the markets. Reverse 1 for 5 split on July 8 reduced number of shares to 40 and increased strike price to based on basis price of $8.04 at the close on July 7. Not called on July 17. Price at $39.27 and value at $1,703, up 15.2% on July 17 including sale of all calls. Sold all shares (40) at $39.27 on July 17 to close out position. Proceeds $1,561 after commission.

$4,727

Buy 200 shares of YINGLI GREEN ENERGY ADS (YGE) at $9.57 (closing last trade price) and sell 2 call Out-of-the-Money contracts of YGE1019F11 (Jun$11.00) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $1,924, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 239%. Not called on June 19. Will now sell Jul11 at $0.40. Price at $10.59 and value at $2,262, up 17.6% on June 19 including sale of all calls. Called on July 17 at $11.00. Proceeds $2,190 after commission. Final value including sale of all calls is $2,334, up 21.3%.
$6,917

Buy 100 shares of TRINA SOLAR ADR (TSL) at $18.20 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TSL1019F21 (Jun$21.00) at $0.90 (closing bid price) expiring on 6/19/2010. Cost is $1,830, and income from sale of the calls is $79 and includes your commissions. Annualized return if called is 249%.Not called on June 19. Will now sell Jul20 at $0.70. Price at $18.73 and value at $2,010, up 9.8% on June 19 including sale of all calls . Note that we have lowered the strike price. Called on July 17 at $20.00. Proceeds $1,990 after commission. Final value including sale of all calls is $2,127, up 16.2%.
$8,907

From Aggressive "Stocks-to-Consider" for June 19, 2010 and putting $2,000 in the money available field

Buy 100 shares of VIVUS INC (VVUS) at $10.05 (closing last trade price) and sell 1 call Out-of-the-Money contracts of VVUS1017G15 (Jul$15.00) at $1.00 (closing bid price) expiring on 7/17/2010. Cost is $1,015, and income from sale of the calls is $89 and includes your commissions. Annualized return if called is 737%. Stock tanked on July 16. Price at $5.41 and value at $629, down (38.0%) on July 17 including sale of all calls. Sold all shares at $5.41 on July 17 to close out position. Proceeds $531 after commission.
$9,438

Buy 200 shares of MEDICINES (MDCO) at $7.85 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MDCO1017G10 (Jul$10.00) at $0.55 (closing bid price) expiring on 7/17/2010. Cost is $1,580, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 427%. Not called on July 17. Will now sell Aug10 at $0.40. Price at $8.00 and value at $1,764, up 11.7% on July 17 including sale of all calls.
$67 $9,505

Buy 200 shares of FUQI INTERNATIONAL (FUQI) at $9.07 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FUQI1017G10 (Jul$10.00) at $0.40 (closing bid price) expiring on 7/17/2010. Cost is $1,824, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 174%. Exercised get-out price at $7.71 (-15%) on June 29 after buying back calls at $0.05. Proceeds $1,532 after commission. Final value including sale of all calls is $1,586, down (13.0%).
$11,037

Buy 200 shares of RADIAN GROUP (RDN) at $9.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RDN1017G10 (Jul$10.00) at $0.45 (closing bid price) expiring on 7/17/2010. Cost is $1,896, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 124%. Exercised get-out price at $8.02 (-15%) on June 29 after buying back calls at $0.05. Proceeds $1,594 after commission. Final value including sale of all calls is $1,658, down (12.5%).
$12,631

From Aggressive "Stocks-to-Consider" for July 17, 2010 and putting $2,000 in the money available field

Buy 200 shares of SIGA TECHNOLOGIES (SIGA) at $7.92 (closing last trade price) and sell 2 call Out-of-the-Money contracts of SIGA1021H10 (Aug$10.00) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $1,594, and income from sale of the calls is $57 and includes your commissions. Actual return if called at expiration is 29%.
$57 $1,594 $11,094

Buy 100 shares of BRIDGEPOINT EDUCATION (BPI) at $15.70 (closing last trade price) and sell 1 call Out-of-the-Money contracts of BPI1021H17.5 (Aug$17.50) at $0.85 (closing bid price) expiring on 8/21/2010. Cost is $1,580, and income from sale of the calls is $74 and includes your commissions. Actual return if called at expiration is 15%.
$74 $1,580 $9,588

Buy 200 shares of US AIRWAYS GROUP (LCC) at $8.95 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LCC1021H10 (Aug$10.00) at $0.40 (closing bid price) expiring on 8/21/2010. Cost is $1,800, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 15%.
$67 $1,800 $7,855

Buy 200 shares of POWER-ONE (PWER) at $8.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PWER1021H10 (Aug$10.00) at $0.40 (closing bid price) expiring on 8/21/2010. Cost is $1,710, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 21%.
$67 $1,710 $6,212

Buy 100 shares of MCMORAN EXPLORATION (MMR) at $10.78 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1021H12.5 (Aug$12.50) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $1,088, and income from sale of the calls is $24 and includes your commissions. Actual return if called at expiration is 17%.
$24 $1,088 $5,148

Buy 300 shares of MELA SCIENCES INC (MELA) at $6.61 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MELA1021H7.5 (Aug$7.50) at $0.30 (closing bid price) expiring on 8/21/2010. Cost is $1,993, and income from sale of the calls is $76 and includes your commissions. Actual return if called at expiration is 17%.
$76 $1,993 $3,231

Buy 100 shares of OVERSTOCK.COM (OSTK) at $17.86 (closing last trade price) and sell 1 call Out-of-the-Money contracts of OSTK1021H20 (Aug$20.00) at $0.80 (closing bid price) expiring on 8/21/2010. Cost is $1,796, and income from sale of the calls is $69 and includes your commissions. Actual return if called at expiration is 15%.
$69 $1,796 $1,504

Buy 100 shares of PATRIOT COAL (PCX) at $11.73 (closing last trade price) and sell 1 call Out-of-the-Money contracts of PCX1021H14 (Aug$14.00) at $0.25 (closing bid price) expiring on 8/21/2010. Cost is $1,183, and income from sale of the calls is $14 and includes your commissions. Actual return if called at expiration is 20%.
$14 $1,183 $335

Totals for July:
$515 $12,744 $335

Portfolio value at July 17, 2010 is $14,599*, up +46.0%. The S&P500 average for the year so far is down (6.3%).

*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
From June:			$26
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. Not called on March 20. Will now sell Apr7.5 at $0.45. Price at $6.99 and value at $2,444, up 36.4% on March 20 including sale of all calls. Not called on April 17. Will now sell May7.5 at $0.30. Price at $6.57 and value at $2,393, up 33.6% on April 17 including sale of all calls. Not called on May 22. Will now sell Jun7.5 at $0.60. Price at $7.23 and value at $2,757, up 53.8% on May 22 including sale of all calls. Not called on June 19. Will now sell Jul7.5 at $0.40. Price at $6.80 and value at $2,733, up 52.5% on June 19 including sale of all calls. Called on July 17 at $7.50. Proceeds $2,240 after commission. Final value including sale of all calls is $2,933, up 63.7%.			$2,266
From Aggressive "Stocks-to-Consider" for April 17, 2010 and putting $2,000 in the money available field
Buy 100 shares of NANOMETRICS INC (NANO) at $10.70 (closing last trade price) and sell 1 call Out-of-the-Money contracts of NTQ1022E12.5 (May$12.50) at $0.25 (closing bid price) expiring on 5/22/2010. Cost is $1,080, and income from sale of the calls is $14 and includes your commissions. Annualized return if called is 183% .Not called on May 22. Will now sell Jun12.5 at $0.35. Price at $10.40 and value at $1,077, down (0.3%). on May 22 including sale of all calls. Not called on June 19. Will now sell Ju12.5 at $0.35. Price at $11.86 and value at $1,247, up 15.4% on June 19 including sale of all calls. Exercised get-out price at $9.10 (-15%) on July 8 after buying back calls at $0.05. Proceeds $900 after commission. Final value including sale of all calls is $954, down (11.6%)			$3,166
From Aggressive "Stocks-to-Consider" for May 22, 2010 and putting $2,000 in the money available field
Buy 200 shares of DIREXION DAILY SMALL CAP BEA (TZA) at $7.34 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TZA1019F10 (Jun$10.00) at $0.58 (closing bid price) expiring on 6/19/2010. Cost is $1,478, and income from sale of the calls is $103 and includes your commissions. Annualized return if called is 551%. Not called on June 19. Will now sell Jul9 at $0.21. Price at $6.38 and value at $1,404, down (5.0%) on June 19 including sale of all calls. Note that we have lowered the strike price. We are holding on to this ETF as a hedge against a drop in the markets. Reverse 1 for 5 split on July 8 reduced number of shares to 40 and increased strike price to based on basis price of $8.04 at the close on July 7. Not called on July 17. Price at $39.27 and value at $1,703, up 15.2% on July 17 including sale of all calls. Sold all shares (40) at $39.27 on July 17 to close out position. Proceeds $1,561 after commission.			$4,727
Buy 200 shares of YINGLI GREEN ENERGY ADS (YGE) at $9.57 (closing last trade price) and sell 2 call Out-of-the-Money contracts of YGE1019F11 (Jun$11.00) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $1,924, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 239%. Not called on June 19. Will now sell Jul11 at $0.40. Price at $10.59 and value at $2,262, up 17.6% on June 19 including sale of all calls. Called on July 17 at $11.00. Proceeds $2,190 after commission. Final value including sale of all calls is $2,334, up 21.3%.			$6,917
Buy 100 shares of TRINA SOLAR ADR (TSL) at $18.20 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TSL1019F21 (Jun$21.00) at $0.90 (closing bid price) expiring on 6/19/2010. Cost is $1,830, and income from sale of the calls is $79 and includes your commissions. Annualized return if called is 249%.Not called on June 19. Will now sell Jul20 at $0.70. Price at $18.73 and value at $2,010, up 9.8% on June 19 including sale of all calls . Note that we have lowered the strike price. Called on July 17 at $20.00. Proceeds $1,990 after commission. Final value including sale of all calls is $2,127, up 16.2%.			$8,907
From Aggressive "Stocks-to-Consider" for June 19, 2010 and putting $2,000 in the money available field
Buy 100 shares of VIVUS INC (VVUS) at $10.05 (closing last trade price) and sell 1 call Out-of-the-Money contracts of VVUS1017G15 (Jul$15.00) at $1.00 (closing bid price) expiring on 7/17/2010. Cost is $1,015, and income from sale of the calls is $89 and includes your commissions. Annualized return if called is 737%. Stock tanked on July 16. Price at $5.41 and value at $629, down (38.0%) on July 17 including sale of all calls. Sold all shares at $5.41 on July 17 to close out position. Proceeds $531 after commission.			$9,438
Buy 200 shares of MEDICINES (MDCO) at $7.85 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MDCO1017G10 (Jul$10.00) at $0.55 (closing bid price) expiring on 7/17/2010. Cost is $1,580, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 427%. Not called on July 17. Will now sell Aug10 at $0.40. Price at $8.00 and value at $1,764, up 11.7% on July 17 including sale of all calls.	$67		$9,505
Buy 200 shares of FUQI INTERNATIONAL (FUQI) at $9.07 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FUQI1017G10 (Jul$10.00) at $0.40 (closing bid price) expiring on 7/17/2010. Cost is $1,824, and income from sale of the calls is $67 and includes your commissions. Annualized return if called is 174%. Exercised get-out price at $7.71 (-15%) on June 29 after buying back calls at $0.05. Proceeds $1,532 after commission. Final value including sale of all calls is $1,586, down (13.0%).			$11,037
Buy 200 shares of RADIAN GROUP (RDN) at $9.43 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RDN1017G10 (Jul$10.00) at $0.45 (closing bid price) expiring on 7/17/2010. Cost is $1,896, and income from sale of the calls is $77 and includes your commissions. Annualized return if called is 124%. Exercised get-out price at $8.02 (-15%) on June 29 after buying back calls at $0.05. Proceeds $1,594 after commission. Final value including sale of all calls is $1,658, down (12.5%).			$12,631
From Aggressive "Stocks-to-Consider" for July 17, 2010 and putting $2,000 in the money available field
Buy 200 shares of SIGA TECHNOLOGIES (SIGA) at $7.92 (closing last trade price) and sell 2 call Out-of-the-Money contracts of SIGA1021H10 (Aug$10.00) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $1,594, and income from sale of the calls is $57 and includes your commissions. Actual return if called at expiration is 29%.	$57	$1,594	$11,094
Buy 100 shares of BRIDGEPOINT EDUCATION (BPI) at $15.70 (closing last trade price) and sell 1 call Out-of-the-Money contracts of BPI1021H17.5 (Aug$17.50) at $0.85 (closing bid price) expiring on 8/21/2010. Cost is $1,580, and income from sale of the calls is $74 and includes your commissions. Actual return if called at expiration is 15%.	$74	$1,580	$9,588
Buy 200 shares of US AIRWAYS GROUP (LCC) at $8.95 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LCC1021H10 (Aug$10.00) at $0.40 (closing bid price) expiring on 8/21/2010. Cost is $1,800, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 15%.	$67	$1,800	$7,855
Buy 200 shares of POWER-ONE (PWER) at $8.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PWER1021H10 (Aug$10.00) at $0.40 (closing bid price) expiring on 8/21/2010. Cost is $1,710, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 21%.	$67	$1,710	$6,212
Buy 100 shares of MCMORAN EXPLORATION (MMR) at $10.78 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1021H12.5 (Aug$12.50) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $1,088, and income from sale of the calls is $24 and includes your commissions. Actual return if called at expiration is 17%.	$24	$1,088	$5,148
Buy 300 shares of MELA SCIENCES INC (MELA) at $6.61 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MELA1021H7.5 (Aug$7.50) at $0.30 (closing bid price) expiring on 8/21/2010. Cost is $1,993, and income from sale of the calls is $76 and includes your commissions. Actual return if called at expiration is 17%.	$76	$1,993	$3,231
Buy 100 shares of OVERSTOCK.COM (OSTK) at $17.86 (closing last trade price) and sell 1 call Out-of-the-Money contracts of OSTK1021H20 (Aug$20.00) at $0.80 (closing bid price) expiring on 8/21/2010. Cost is $1,796, and income from sale of the calls is $69 and includes your commissions. Actual return if called at expiration is 15%.	$69	$1,796	$1,504
Buy 100 shares of PATRIOT COAL (PCX) at $11.73 (closing last trade price) and sell 1 call Out-of-the-Money contracts of PCX1021H14 (Aug$14.00) at $0.25 (closing bid price) expiring on 8/21/2010. Cost is $1,183, and income from sale of the calls is $14 and includes your commissions. Actual return if called at expiration is 20%.	$14	$1,183	$335
Totals for July:	$515	$12,744	$335
Portfolio value at July 17, 2010 is $14,599*, up +46.0%. The S&P500 average for the year so far is down (6.3%).