Investment Enhancing Systems, Inc. – Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for November 2007

NOTE: We had temporarily suspended out get-out rule (at -15%) between July 25 and September 22, 2007 because of the volatility in the markets. We have reinstated the get-out rule effective September 22 (expiration weekend). Any open positions on any list or portfolio will be sold if their price drops 15% below the stock price at September 22.

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	Call Premium	Cost	Balance
From October:			$878
From Aggressive "Stocks-to-Consider" for July 21, 2007 and putting $2,000 in the money available field
100 shares of FCS at $19.36 and sell 1 contracts of FCS HD (Aug$20.00 ) at $0.95 expiring on 8/18/2007. Not called in August. Price at $17.34 and value at $1,734 at 8/18/2007. Holding. Price at $18.77and value at $1,877at 9/22/2007. Will now sell Oct20 at $0.35. Not called in October. Price at $18.84 value at $1,884 at 10/20/2007. Will now sell Nov20 at $0.35. Not called in November. Sold all shares at $16.13 after expiration to close out position. Proceeds $1,603 after commission.			$2,481
100 shares of AHM at $12.80 and sell 1 contracts of AHM HC (Aug$15.00 ) at $0.75 expiring on 8/18/2007. This company went bankrupt as a result of the sub-prime mortgage blowup on August 10. This stock now trades with the symbol AHMMQ.PK . We will continue to hold this stock even though it has minimal value, to see if comes out of bankruptcy. Price at $0.40 and value at $40 at 8/18/2007. Price at $0.95 and value at $95 at 9/22/2007. Price at $0.50 and value at $50 at 10/20/2007. Wrote off position on November 17. Value $0.00			$2,481
From Aggressive "Stocks-to-Consider" for September 22, 2007 and putting $2,000 in the money available field
100 shares of ENZ purchased in September at $11.96 and sell 1 contracts of ENZ JV (Oct$12.50 ) at $0.65 expiring on 10/20/2007. Not called in October. Price at $12.44 value at $1,244 at 10/20/2007. Will now sell Nov12.5 at $0.70. Not called in November. Sold all shares at $10.35 after expiration to close out position. Proceeds $1,025 after commission.			$3,506
From Aggressive "Stocks-to-Consider" for October 20, 2007 and putting $2,000 in the money available field
100 shares of ARO purchased in October at $19.73 and sell 1 contracts of ARO KD (Nov$20.00 ) at $1.05 expiring on 11/17/2007. Called in November at $20.00. Proceeds $1,990 after commission.			$5,496
100 shares of XMSR purchased in October at $15.01 and sell 1 contracts of QSY KW (Nov$17.50 ) at $0.60 expiring on 11/17/2007. Exercised get-out price at $12.76 on November 1 after buying back calls a $0.05. Proceeds $1,266 after commission.	($17)		$6,745
Buy 100 shares of SWIR purchased in October at $19.47 and sell 1 contracts of IYQ KX (Nov$22.50 ) at $0.60 expiring on 11/17/2007. Not called in November. Price at $18.52 and value at $1,852 on 11/17/2007. Will now sell Dec20 at $0.90. Note that we have lowered the strike since it is still above the purchase price.	+$79	Still own shares	$6,824
Buy 100 shares of XING purchased in October at $11.17 and sell 1 contracts of QAE KV (Nov$12.50 ) at $0.60 expiring on 11/17/2007. Exercised get-out price at $9.49 (-15%) on November 8 after buying back calls at $0.05. Proceeds $939 after commission.	($17)		$7,746
Buy 100 shares of STMP purchased in October at $11.95 (closing last trade price) and sell 1 contracts of JXQ KV (Nov$12.50 ) at $0.55 (closing bid price) expiring on 11/17/2007. Not called in November. Price at $12.50 and value at $1,250 on 11/17/2007. Will now sell Dec12.5 at $0.60.	+$49	Still own shares	$7,795
From Aggressive "Stocks-to-Consider" for November 17, 2007 and putting $2,000 in the money available field
Buy 100 shares of XMSR at $13.98 (closing last trade price) and sell 1 contracts of QSY LC (Dec$15.00 ) at $1.70 (closing bid price) expiring on 12/22/2007 .	+$159	$1,408	$6,546
Buy 100 shares of CRME at $10.56 (closing last trade price) and sell 1 contracts of UXY LV (Dec$12.50 ) at $1.60 (closing bid price) expiring on 12/22/2007. (risky)	+$149	$1,066	$5,629
Buy 100 shares of THOR at $18.83 (closing last trade price) and sell 1 contracts of TQU LD (Dec$20.00 ) at $1.35 (closing bid price) expiring on 12/22/2007.	+$124	$1,893	$3,860
Buy 100 shares of EMC at $19.64 (closing last trade price) and sell 1 contracts of EMC LD (Dec$20.00 ) at $1.00 (closing bid price) expiring on 12/22/2007	+$89	$1,974	$1,975
Buy 100 shares of TTWO at $15.07 (closing last trade price) and sell 1 contracts of TUO LW (Dec$17.50 ) at $0.85 (closing bid price) expiring on 12/22/2007.	+$74	$1,517	$532
Totals for November:	+$723		$532
Portfolio value at November 17, 2007 is $11,442.

*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 20, 2007 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2007, 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 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. Because this portfolio is limited in diversity, it will be much more difficult to realize the types of gains in our larger portfolios.

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