Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for May 22, 2010
NOTE: We suspended the get-out price rule from May 6 through May 22 due to high volatility.

see below

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 April: $944

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.
$165 $1,109

From Aggressive "Stocks-to-Consider" for March 20, 2010 and putting $2,000 in the money available field

Buy 100 shares of COMCAST CORP CL A (CMCSA) at $17.53 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SA1017D22.5 (Apr$22.50) at $1.10 (closing bid price) expiring on 4/17/2010. Cost is $1,763, and income from sale of the calls is $99 and includes your commissions. Annualized return if called is 433%. Not called on April 17. Will now sell May18 at $0.50. Price at $18.32 and value at $1,969, up 11.7% on April 17 including sale of all calls. Note that we have lowered the strike price. Not called on May 22. Will now sell Jun18 at $0.38. Price at $17.03 and value at $1,867, up 5.9% on May 22 including sale of all calls.
$26 $1,135

Buy 200 shares of MANNKIND CORPORATION (MNKD) at $7.16 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MWU1017D7.5 (Apr$7.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $1,442, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 140%. RISKY!!! Not called on April 17. Will now sell May7.5 at $0.45. Price at $6.53 and value at $1,405, down (1.3%). on April 17 including sale of all calls. Not called on May 22. Price at $4.95 and value at $1,164,down (19.3%), including sale of all calls. Sold all shares at $4.95 to close out position. Proceeds $980 after commission.
$2,115

Buy 200 shares of AMR CORP (AMR) at $9.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AMR1017D10 (Apr$10.00) at $0.28 (closing bid price) expiring on 4/17/2010. Cost is $1,812, and income from sale of the calls is $43 and includes your commissions. Annualized return if called is 166%. Not called on April 17. Will now sell May9 at $0.51. Price at $8.79 and value at $1,890, up 4.3% on April 17 including sale of all calls. Exercised get-out price at $7.66 (-15%) on April 22 after buying back calls at $0.05. Proceeds $1,522 after commission. Final value including sale of all calls is $1,695, down (6.4%).
$3,637

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

Buy 100 shares of MGM MIRAGE INC (MGM) at $14.37 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MGM1022E17 (May$17.00) at $0.27 (closing bid price) expiring on 5/22/2010. Cost is $1,447, and income from sale of the calls is $16 and includes your commissions. Annualized return if called is 200%. Not called on May 22. Price at $12.42 and value at $1,258,down (13.1%), including sale of all calls. Sold all shares at $12.42 to close out position. Proceeds $1,232 after commission..
$4,869

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.
$23 $4,892

Buy 100 shares of XENOPORT INC (XNPT) at $10.90 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QXD1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $1,100, and income from sale of the calls is $34 and includes your commissions. Annualized return if called is 180%. Not called on May 22. Will now sell Jun12.5 at $0.25. Price at $9.61 and value at $1,008, down (8.4%) on May 22 including sale of all calls.
$13 $4,905

Buy 100 shares of MCMORAN EXPLORATION CO (MMR) at $15.36 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1022E17.5 (May$17.50) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $1,546, and income from sale of the calls is $29 and includes your commissions. Annualized return if called is 162%. Exercised get-out price at $13.06 (-15%) on April 21 after buying back calls at $0.05. Proceeds $1,296 after commission. Final value including sale of all calls is $1,318, down (14.7%).
$6,201

Buy 100 shares of TITANIUM METALS CORP (TIE) at $16.18 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TIE1022E18 (May$18.00) at $0.35 (closing bid price) expiring on 5/22/2010. Cost is $1,628, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 129%. Not called on May 22. Will now sell Jun17.5 at $0.45. Note that we have lowered the strike price. Price at $15.83 and value at $1,640,up 0.7% on May 22 including sale of all calls.
$33 $6,234

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%.
$103 $1,478 $4,857

Buy 100 shares of DELCATH SYSTEMS (DCTH) at $13.46 (closing last trade price) and sell 1 call Out-of-the-Money contracts of DCTH1019F15 (Jun$15.00) at $1.35 (closing bid price) expiring on 6/19/2010. Cost is $1,356, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 258%.
$124 $1,356 $3,627

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%.
$77 $1,924 $1,780

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%.
$79 $1,830 $29

Totals for April:
$643 $6,588 $29

Portfolio value at May 22, 2010 is $14,033*, up +40.3%. The S&P500 average for the year so far is down (4.3%).

*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 April:			$944
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.	$165		$1,109
From Aggressive "Stocks-to-Consider" for March 20, 2010 and putting $2,000 in the money available field
Buy 100 shares of COMCAST CORP CL A (CMCSA) at $17.53 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SA1017D22.5 (Apr$22.50) at $1.10 (closing bid price) expiring on 4/17/2010. Cost is $1,763, and income from sale of the calls is $99 and includes your commissions. Annualized return if called is 433%. Not called on April 17. Will now sell May18 at $0.50. Price at $18.32 and value at $1,969, up 11.7% on April 17 including sale of all calls. Note that we have lowered the strike price. Not called on May 22. Will now sell Jun18 at $0.38. Price at $17.03 and value at $1,867, up 5.9% on May 22 including sale of all calls.	$26		$1,135
Buy 200 shares of MANNKIND CORPORATION (MNKD) at $7.16 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MWU1017D7.5 (Apr$7.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $1,442, and income from sale of the calls is $97 and includes your commissions. Annualized return if called is 140%. RISKY!!! Not called on April 17. Will now sell May7.5 at $0.45. Price at $6.53 and value at $1,405, down (1.3%). on April 17 including sale of all calls. Not called on May 22. Price at $4.95 and value at $1,164,down (19.3%), including sale of all calls. Sold all shares at $4.95 to close out position. Proceeds $980 after commission.			$2,115
Buy 200 shares of AMR CORP (AMR) at $9.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AMR1017D10 (Apr$10.00) at $0.28 (closing bid price) expiring on 4/17/2010. Cost is $1,812, and income from sale of the calls is $43 and includes your commissions. Annualized return if called is 166%. Not called on April 17. Will now sell May9 at $0.51. Price at $8.79 and value at $1,890, up 4.3% on April 17 including sale of all calls. Exercised get-out price at $7.66 (-15%) on April 22 after buying back calls at $0.05. Proceeds $1,522 after commission. Final value including sale of all calls is $1,695, down (6.4%).			$3,637
From Aggressive "Stocks-to-Consider" for April 17, 2010 and putting $2,000 in the money available field
Buy 100 shares of MGM MIRAGE INC (MGM) at $14.37 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MGM1022E17 (May$17.00) at $0.27 (closing bid price) expiring on 5/22/2010. Cost is $1,447, and income from sale of the calls is $16 and includes your commissions. Annualized return if called is 200%. Not called on May 22. Price at $12.42 and value at $1,258,down (13.1%), including sale of all calls. Sold all shares at $12.42 to close out position. Proceeds $1,232 after commission..			$4,869
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.	$23		$4,892
Buy 100 shares of XENOPORT INC (XNPT) at $10.90 (closing last trade price) and sell 1 call Out-of-the-Money contracts of QXD1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $1,100, and income from sale of the calls is $34 and includes your commissions. Annualized return if called is 180%. Not called on May 22. Will now sell Jun12.5 at $0.25. Price at $9.61 and value at $1,008, down (8.4%) on May 22 including sale of all calls.	$13		$4,905
Buy 100 shares of MCMORAN EXPLORATION CO (MMR) at $15.36 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1022E17.5 (May$17.50) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $1,546, and income from sale of the calls is $29 and includes your commissions. Annualized return if called is 162%. Exercised get-out price at $13.06 (-15%) on April 21 after buying back calls at $0.05. Proceeds $1,296 after commission. Final value including sale of all calls is $1,318, down (14.7%).			$6,201
Buy 100 shares of TITANIUM METALS CORP (TIE) at $16.18 (closing last trade price) and sell 1 call Out-of-the-Money contracts of TIE1022E18 (May$18.00) at $0.35 (closing bid price) expiring on 5/22/2010. Cost is $1,628, and income from sale of the calls is $24 and includes your commissions. Annualized return if called is 129%. Not called on May 22. Will now sell Jun17.5 at $0.45. Note that we have lowered the strike price. Price at $15.83 and value at $1,640,up 0.7% on May 22 including sale of all calls.	$33		$6,234
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%.	$103	$1,478	$4,857
Buy 100 shares of DELCATH SYSTEMS (DCTH) at $13.46 (closing last trade price) and sell 1 call Out-of-the-Money contracts of DCTH1019F15 (Jun$15.00) at $1.35 (closing bid price) expiring on 6/19/2010. Cost is $1,356, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 258%.	$124	$1,356	$3,627
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%.	$77	$1,924	$1,780
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%.	$79	$1,830	$29
Totals for April:	$643	$6,588	$29
Portfolio value at May 22, 2010 is $14,033*, up +40.3%. The S&P500 average for the year so far is down (4.3%).