Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for June 20, 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 May:			$1,340
From Aggressive "Stocks-to-Consider" May 16, 2009 and putting $2,000 in the money available field
Buy 300 shares of SAVIENT PHARMACEUTICALS (SVNT) at $5.30 (closing last trade price) and sell 3 call Out-of-the-Money contracts of UVP FU (Jun$7.50) at $1.05 (closing bid price) expiring on 6/20/2009. Cost is $1,600, and income from sale of the calls is $301 and includes your commissions. Annualized return if called is 610%. RISKY! Called on June 20 at $7.50. Proceeds $2,240 after commission. Total return including call premium is $2,540, up 58.8%.			$3,580
Buy 200 shares of YINGLI GREEN ENERGY ADS (YGE) at $8.50 (closing last trade price) and sell 2 call Out-of-the-Money contracts of YGE FB (Jun$10.00) at $0.80 (closing bid price) expiring on 6/20/2009. Cost is $1,710, and income from sale of the calls is $147 and includes your commissions. Annualized return if called is 259%. Called on June 20 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,137, up 25.0%.			$5,570
Buy 100 shares of TESSERA TECHNOLOGIES (TSRA) at $15.48 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TJQ FW (Jun$17.50) at $1.60 (closing bid price) expiring on 6/20/2009. Cost is $1,558, and income from sale of the calls is $149 and includes your commissions. Annualized return if called is 220%. Called onJune 20 at $17.50. Proceeds $1,740 after commission. Total return including call premium is $1,889, up 21.2%.			$7,310
Buy 200 shares of MONARCH CASINO & RESORT (MCRI) at $8.95 (closing last trade price) and sell 2 call Out-of-the-Money contracts of QIK FB (Jun$10.00) at $1.00 (closing bid price) expiring on 6/20/2009. Cost is $1,800, and income from sale of the calls is $187 and includes your commissions. Annualized return if called is 217%. Exercised get-out price at $7.61 (-15%) on June 9 after buying back calls at $0.05. Proceeds $1,512 after commission. Final value including sale of all calls is $1,686, down (6.3%).	($23)		$8,799
Buy 300 shares of EAGLE BULK SHIPPING INC (EGLE) at $6.59 (closing last trade price) and sell 3 call Out-of-the-Money contracts of QEK FU (Jun$7.50) at $0.55 (closing bid price) expiring on 6/20/2009. Cost is $1,987, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 211%. Exercised get-out price at $5.60 (-15%) on June 16 after buying back calls at $0.05. Proceeds $1,670 after commission. Final value including sale of all calls is $1,801, down (9.4%).	($30)		$10,739
Buy 200 shares of HELIX ENERGY SOLUTION GP (HLX) at $9.33 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HLX FB (Jun$10.00) at $0.70 (closing bid price) expiring on 6/20/2009. Cost is $1,876, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 133%. Called on June 20 at $10.00. Proceeds $1,990 after commission. Total return including call premium is $2,118, up 12.9%.			$12,429
Buy 100 shares of TRINA SOLAR LTD ADS (TSL) at $16.95 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TSL FW (Jun$17.50) at $1.75 (closing bid price) expiring on 6/20/2009. Cost is $1,705, and income from sale of the calls is $164 and includes your commissions. Annualized return if called is 121%. Called on June 20 at $17.50. Proceeds $1,740 after commission. Total return including call premium is $1,904, up 11.7%.			$14,169
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.	$54		$14,223
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%.	$166	$1,918	$12,471
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%.	$159	$1,169	$11,461
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%.	$117	$1,868	$9,710
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%.	$87	$1,844	$7,953
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%.	$74	$1,814	$6,213
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%.	$109	$1,940	$4,382
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%.	$94	$1,907	$2,569
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%.	$74	$1,867	$776
Totals for June:	$881	$14,327	$776
Portfolio value at June 20 is $16,425*, up +64.3%. The NASDAQ average for the year so far is up +19.5%

*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.