Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for September 18, 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 August: $358

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%. Not called on August 21. Will now sell Sep10 at $0.30. Price at $7.60 and value at $1,624, up 1.9%, including sale of all calls. Not called on September 18. Will now sell Oct10 at $0.85. Price at $9.10 and value at $2,081, up 30.6%, including sale of all calls.
$166 $524

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%. Not called on August 21. Will now sell Sep10 at $0.31. Price at $9.10 and value at $1,936, up 7.6%, including sale of all calls. Not called on September 18. Will now sell Oct10 at $0.26. Price at $9.08 and value at $1,971, up 9.5% including sale of all calls.
$39 $563

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%. Not called on August 21. Will now sell Sep12.5 at $0.58. Price at $11.63 and value at $1,233, up 13.3%, including sale of all calls. Called on September 18 at $12.50. Proceeds $1,240 after commission. Final value including sale of all calls is $1,310, up 20.4%
$1,803

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%. Not called on August 21. Will now sell Sep12 at $0.52. Price at $11.44 and value at $1,198, up 1.3%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase price. Not called on September 18. Will now sell Oct12 at $0.25. Price at $10.89 and value at $1,157, down (2.2%), including sale of all calls.
$39 $1,842

From Aggressive "Stocks-to-Consider" for August 21, 2010 and putting $2,000 in the money available field

Buy 200 shares of ARENA PHARMACEUTICALS (ARNA) at $6.93 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ARNA1018I10 (Sep$10.00) at $0.80 (closing bid price) expiring on 9/18/2010. Cost is $1,396, and income from sale of the calls is $147 and includes your commissions. Actual return if called at expiration is 53.8%. RISKY!!! Stock tanked on September 14. Could not exercise get-out price at $5.89 (-15%). Planned to hold for five trading days trhrough expiration in anticipation of a bounce. Bounce didn't happen. Sold all shares at $1.99 on September 18. Proceeds $388 after commission. Final value including sale of all calls is $545, down (61.0%)
$2,230

Buy 100 shares of DIREXION DAILY FINANCIAL BUL (FAS) at $18.99 (closing last trade price) and sell 1 call Out-of-the-Money contracts of FAS1018I20 (Sep$20.00) at $1.21 (closing bid price) expiring on 9/18/2010. Cost is $1,909, and income from sale of the calls is $110 and includes your commissions. Actual return if called at expiration is 10.5%. Called on September 18 at $20.00. Proceeds $1,990 after commission. Final value including sale of all calls is $2,100, up 10.0%
$4,220

Buy 200 shares of L-1 IDENTITY SOLUTIONS (ID) at $9.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ID1018I10 (Sep$10.00) at $0.50 (closing bid price) expiring on 9/18/2010. Cost is $1,814, and income from sale of the calls is $87 and includes your commissions. Actual return if called at expiration is 15.1%. Not called on September 18. Will now sell Oct10 at $0.60. Price at $9.70 and value at $2,276, up 25.5%, including sale of all calls.
$107 $4,327

Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $14.80 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SVNT1018I16 (Sep$16.00) at $1.59 (closing bid price) expiring on 9/18/2010. Cost is $1,490, and income from sale of the calls is $148 and includes your commissions. Actual return if called at expiration is 17.3%. RISKY!!! Called on September 18 at $16.00. Proceeds $1,590 after commission. Final value including sale of all calls is $1,738, up 16.6%
$5,917

Buy 200 shares of L & L ENERGY (LLEN) at $9.28 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LLEN1018I10 (Sep$10.00) at $0.40 (closing bid price) expiring on 9/18/2010. Cost is $1,866, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 10.8%. Exercised get-out price at $7.89 (-15%) onSeptember 14 after buying back calls at $0.05. Proceeds $1,568 after commission. Final value including sale of all calls is $1,622, down (13.1%).
($17) $7,468

Buy 100 shares of OFFICEMAX (OMX) at $11.14 (closing last trade price) and sell 1 call Out-of-the-Money contracts of OMX1018I12.5 (Sep$12.50) at $0.25 (closing bid price) expiring on 9/18/2010. Cost is $1,124, and income from sale of the calls is $14 and includes your commissions. Actual return if called at expiration is 12.5%. Not called on September 18. Will now sell Oct13 at $0.50. Price at $12.38 and value at $1,290, up 14.8%, including sale of all calls. Note that we have raised the strike price.
$39 $7,507

From Aggressive "Stocks-to-Consider" for September 18, 2010 and putting $2,000 in the money available field

Buy 200 shares of CHINA MEDIAEXPRESS HOLDIN (CCME) at $8.10 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CCME1016J10 (Oct$10.00) at $0.40 (closing bid price) expiring on 10/16/2010. Cost is $1,630, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 26.8%.
$67 $1,630 $5,944

Buy 100 shares of COMPELLENT TECH (CML) at $17.85 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CML1016J20 (Oct$20.00) at $0.95 (closing bid price) expiring on 10/16/2010. Cost is $1,795, and income from sale of the calls is $84 and includes your commissions. Actual return if called at expiration is 16.1%.
$84 $1,795 $4,233

Buy 100 shares of MCMORAN EXPLORATION (MMR) at $14.57 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1016J15 (Oct$15.00) at $0.97 (closing bid price) expiring on 10/16/2010. Cost is $1,467, and income from sale of the calls is $86 and includes your commissions. Actual return if called at expiration is 8.1%.
$86 $1,467 $2,852

Buy 200 shares of POWER-ONE (PWER) at $8.33 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PWER1016J10 (Oct$10.00) at $0.25 (closing bid price) expiring on 10/16/2010. Cost is $1,676, and income from sale of the calls is $37 and includes your commissions. Actual return if called at expiration is 21.5%.
$37 $1,676 $1,213

Buy 100 shares of SEATTLE GENETICS (SGEN) at $11.97 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SGEN1016J12.5 (Oct$12.50) at $1.20 (closing bid price) expiring on 10/16/2010. Cost is $1,207, and income from sale of the calls is $109 and includes your commissions. Actual return if called at expiration is 12.6%. RISKY!!!
$109 $1,207 $115

Totals for September:
$756 $7,765 $115

Portfolio value at September 18, 2010 is $15,743*, up +57.4%. The S&P500 average for the year so far is down (0.9%).

*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 August:			$358
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%. Not called on August 21. Will now sell Sep10 at $0.30. Price at $7.60 and value at $1,624, up 1.9%, including sale of all calls. Not called on September 18. Will now sell Oct10 at $0.85. Price at $9.10 and value at $2,081, up 30.6%, including sale of all calls.	$166		$524
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%. Not called on August 21. Will now sell Sep10 at $0.31. Price at $9.10 and value at $1,936, up 7.6%, including sale of all calls. Not called on September 18. Will now sell Oct10 at $0.26. Price at $9.08 and value at $1,971, up 9.5% including sale of all calls.	$39		$563
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%. Not called on August 21. Will now sell Sep12.5 at $0.58. Price at $11.63 and value at $1,233, up 13.3%, including sale of all calls. Called on September 18 at $12.50. Proceeds $1,240 after commission. Final value including sale of all calls is $1,310, up 20.4%			$1,803
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%. Not called on August 21. Will now sell Sep12 at $0.52. Price at $11.44 and value at $1,198, up 1.3%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase price. Not called on September 18. Will now sell Oct12 at $0.25. Price at $10.89 and value at $1,157, down (2.2%), including sale of all calls.	$39		$1,842
From Aggressive "Stocks-to-Consider" for August 21, 2010 and putting $2,000 in the money available field
Buy 200 shares of ARENA PHARMACEUTICALS (ARNA) at $6.93 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ARNA1018I10 (Sep$10.00) at $0.80 (closing bid price) expiring on 9/18/2010. Cost is $1,396, and income from sale of the calls is $147 and includes your commissions. Actual return if called at expiration is 53.8%. RISKY!!! Stock tanked on September 14. Could not exercise get-out price at $5.89 (-15%). Planned to hold for five trading days trhrough expiration in anticipation of a bounce. Bounce didn't happen. Sold all shares at $1.99 on September 18. Proceeds $388 after commission. Final value including sale of all calls is $545, down (61.0%)			$2,230
Buy 100 shares of DIREXION DAILY FINANCIAL BUL (FAS) at $18.99 (closing last trade price) and sell 1 call Out-of-the-Money contracts of FAS1018I20 (Sep$20.00) at $1.21 (closing bid price) expiring on 9/18/2010. Cost is $1,909, and income from sale of the calls is $110 and includes your commissions. Actual return if called at expiration is 10.5%. Called on September 18 at $20.00. Proceeds $1,990 after commission. Final value including sale of all calls is $2,100, up 10.0%			$4,220
Buy 200 shares of L-1 IDENTITY SOLUTIONS (ID) at $9.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ID1018I10 (Sep$10.00) at $0.50 (closing bid price) expiring on 9/18/2010. Cost is $1,814, and income from sale of the calls is $87 and includes your commissions. Actual return if called at expiration is 15.1%. Not called on September 18. Will now sell Oct10 at $0.60. Price at $9.70 and value at $2,276, up 25.5%, including sale of all calls.	$107		$4,327
Buy 100 shares of SAVIENT PHARMACEUTICALS (SVNT) at $14.80 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SVNT1018I16 (Sep$16.00) at $1.59 (closing bid price) expiring on 9/18/2010. Cost is $1,490, and income from sale of the calls is $148 and includes your commissions. Actual return if called at expiration is 17.3%. RISKY!!! Called on September 18 at $16.00. Proceeds $1,590 after commission. Final value including sale of all calls is $1,738, up 16.6%			$5,917
Buy 200 shares of L & L ENERGY (LLEN) at $9.28 (closing last trade price) and sell 2 call Out-of-the-Money contracts of LLEN1018I10 (Sep$10.00) at $0.40 (closing bid price) expiring on 9/18/2010. Cost is $1,866, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 10.8%. Exercised get-out price at $7.89 (-15%) onSeptember 14 after buying back calls at $0.05. Proceeds $1,568 after commission. Final value including sale of all calls is $1,622, down (13.1%).	($17)		$7,468
Buy 100 shares of OFFICEMAX (OMX) at $11.14 (closing last trade price) and sell 1 call Out-of-the-Money contracts of OMX1018I12.5 (Sep$12.50) at $0.25 (closing bid price) expiring on 9/18/2010. Cost is $1,124, and income from sale of the calls is $14 and includes your commissions. Actual return if called at expiration is 12.5%. Not called on September 18. Will now sell Oct13 at $0.50. Price at $12.38 and value at $1,290, up 14.8%, including sale of all calls. Note that we have raised the strike price.	$39		$7,507
From Aggressive "Stocks-to-Consider" for September 18, 2010 and putting $2,000 in the money available field
Buy 200 shares of CHINA MEDIAEXPRESS HOLDIN (CCME) at $8.10 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CCME1016J10 (Oct$10.00) at $0.40 (closing bid price) expiring on 10/16/2010. Cost is $1,630, and income from sale of the calls is $67 and includes your commissions. Actual return if called at expiration is 26.8%.	$67	$1,630	$5,944
Buy 100 shares of COMPELLENT TECH (CML) at $17.85 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CML1016J20 (Oct$20.00) at $0.95 (closing bid price) expiring on 10/16/2010. Cost is $1,795, and income from sale of the calls is $84 and includes your commissions. Actual return if called at expiration is 16.1%.	$84	$1,795	$4,233
Buy 100 shares of MCMORAN EXPLORATION (MMR) at $14.57 (closing last trade price) and sell 1 call Out-of-the-Money contracts of MMR1016J15 (Oct$15.00) at $0.97 (closing bid price) expiring on 10/16/2010. Cost is $1,467, and income from sale of the calls is $86 and includes your commissions. Actual return if called at expiration is 8.1%.	$86	$1,467	$2,852
Buy 200 shares of POWER-ONE (PWER) at $8.33 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PWER1016J10 (Oct$10.00) at $0.25 (closing bid price) expiring on 10/16/2010. Cost is $1,676, and income from sale of the calls is $37 and includes your commissions. Actual return if called at expiration is 21.5%.	$37	$1,676	$1,213
Buy 100 shares of SEATTLE GENETICS (SGEN) at $11.97 (closing last trade price) and sell 1 call Out-of-the-Money contracts of SGEN1016J12.5 (Oct$12.50) at $1.20 (closing bid price) expiring on 10/16/2010. Cost is $1,207, and income from sale of the calls is $109 and includes your commissions. Actual return if called at expiration is 12.6%. RISKY!!!	$109	$1,207	$115
Totals for September:	$756	$7,765	$115
Portfolio value at September 18, 2010 is $15,743*, up +57.4%. The S&P500 average for the year so far is down (0.9%).