Investment Enhancing Systems, Inc. – Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for October 2006

	Call Premium	Cost	Balance
From Sep.			$2,665
100 shares of RMBS purchased in September at $18.11 not called in October. Price at $16.71, Value $1,671 on 10/20/06. Sell 1 Nov20 at $0.35.	+$23		$2,688
100 shares of CUTR purchased in September at $24.69 called at $25.00 in October. Proceeds $2,490 after commission.			$5,178
200 shares of GRA purchased in September at $12.22 called at $12.50 in October. Proceeds $2,490 after commission.			$7,668
100 shares of MFLX purchased in September at $23.27 not called in October. Price at $22.47, Value $2,247 on 10/20/06. Sell 1 Nov25 at $0.90.	+$78		$7,746
100 shares of IOC purchased in September at $16.10 not called in October. Price at $17.49, Value $1,749 on 10/20/06. Sell 1 Nov17.5 at $1.85.	+$173		$7,919
From Aggressive "Stocks-to-Consider" for October 21, 2006 and putting $2,500 in money available and then finding the buy/writes identified by the Analyzer with the highest Income from the sale of the calls.
Risky - Buy 100 shares of RNVS at $14.84 (closing last trade price) and sell 1 contracts of JHU KW (Nov$17.50 ) at $3.60 (closing bid price) expiring on 11/18/2006 .	+$349	$1,494	$6,774
Buy 100 shares of FLML at $21.78 (closing last trade price) and sell 1 contracts of FLU KE (Nov$25.00 ) at $1.25 (closing bid price) expiring on 11/18/2006 .	+$114	$2,188	$4,700
Buy 100 shares of MEE at $23.72 (closing last trade price) and sell 1 contracts of MEE KE (Nov$25.00 ) at $0.95 (closing bid price) expiring on 11/18/2006 .	+$84	$2,382	$2,402
Buy 100 shares of PLLL at $19.54 (closing last trade price) and sell 1 contracts of QPF KD (Nov$20.00 ) at $1.20 (closing bid price) expiring on 11/18/2006 .	+$109	$1,964	$547
Totals for October:	+$930		$547
Portfolio value at October 21, 2006 after selling the calls is $14,282. We will review results on the weekend of November 18, 2006 (expiration weekend) and make additional trades as dictated by the Covered Call Analyzer.

*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 21, 2006 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2006, 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 $5,000 (the default value) 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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