Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for April 17, 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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Income* Cost*
Balance

From March:

$6,469

From Conservative "Stocks-to-Consider" for March 20, 2010 and putting $10,000 into the money available field.

Buy 600 shares of IMPERIAL SUGAR COMPANY (IPSU) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DQK1017D17.5 (Apr$17.50) at $0.45 (closing bid price) expiring on 4/17/2010. Cost is $9,830, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 118%. Not called on April 17. Will now sell May17.5 at $0.50. Price at $16.34 and value at $10,336,up 5.1% including sale of all calls.
$281 $6,469

Buy 200 shares of OVERSEAS SHIPHOLDING GRP (OSG) at $42.06 (closing last trade price) and sell 2 call Out-of-the-Money contracts of OSG1017D45 (Apr$45.00) at $0.70 (closing bid price) expiring on 4/17/2010. Cost is $8,432, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 104%. Called on April17 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,107, up 8.0%.
$15,449

Buy 300 shares of FRONTLINE (FRO) at $30.81 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FRO1017D32.5 (Apr$32.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $9,263, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 87%. Called on April17 at $32.50. Proceeds $9,730 after commission. Total return including call premium is $9,881, up 6.7%.
$25,179

Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $14.50 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1017D15 (Apr$15.00) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $8,720, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 85%. Called on April17 at $15.00. Proceeds $8,980 after commission. Total return including call premium is $9,291, up 6.5%.
$34,159

Buy 200 shares of CABOT OIL & GAS CORP CLA (COG) at $38.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COG1017D40 (Apr$40.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $7,648, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%. Not called on April 17. Will now sell May40 at $1.45. Price at $38.95 and value at $8,224,up 7.5% including sale of all calls.
$277 $34,159

Buy 200 shares of ENSCO INTERNATIONAL ADR (ESV) at $43.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ESV1017D45 (Apr$45.00) at $0.80 (closing bid price) expiring on 4/17/2010. Cost is $8,678, and income from sale of the calls is $147 and includes your commissions. Annualized return if called is 68%. Called on April17 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,127, up 5.2%.
$43,139

Buy 400 shares of BARCLAYS PLC ADR (BCS) at $21.66 (closing last trade price) and sell 4 call Out-of-the-Money contracts of BCS1017D22.5 (Apr$22.50) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,684, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 67%.Called on April17 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,124, up 5.1%.
$52,119

Buy 200 shares of TENARIS SA ADR (TS) at $43.38 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TSW1017D45 (Apr$45.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $8,696, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 67%. Not called on April 17. Price at $41.19 and value at $8,395,down (3.5%).including sale of all calls. Sold all shares at $41.19 on April 17 to closed out position. Proceeds $8,618.
$60,737

Buy 500 shares of CORNING INC (GLW) at $19.39 (closing last trade price) and sell 5 call Out-of-the-Money contracts of GLW1017D20 (Apr$20.00) at $0.32 (closing bid price) expiring on 4/17/2010. Cost is $9,715, and income from sale of the calls is $143 and includes your commissions. Annualized return if called is 55%.Not called on April 17. Will now sell May20 at $0.74. Price at $19.90 and value at $10,445,up 7.5% including sale of all calls.
$352 $60,737

Buy 300 shares of AEGEAN MARINE PETROLEUM (ANW) at $27.16 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW1017D30 (Apr$30.00) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,168, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 145%. Not called on April 17. Will now sell May30 at $0.45. Price at $26.87 and value at $8,287,up 1.5% including sale of all calls.
$120 $60,7379

Buy 200 shares of HELMERICH & PAYNE INC (HP) at $38.03 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1017D40 (Apr$40.00) at $0.65 (closing bid price) expiring on 4/17/2010. Cost is $7,626, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 81%. Not called on April 17. Will now sell May40 at $1.55. Price at $39.75 and value at $8,364, up 9.7% including sale of all calls.
$297 $61,099

From Conservative "Stocks-to-Consider" for April 17, 2010 and putting $10,000 into the money available field.

Buy 300 shares of WORLD FUEL SERVICES CORP (INT) at $27.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of INT1022E30 (May$30.00) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $8,162, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 121%.
$106 $8,162 $52,937

Buy 200 shares of PEABODY ENERGY CORP (BTU) at $46.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BTU1022E50 (May$50.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,224, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 105%.
$157 $9,224 $43,713

Buy 500 shares of CHINA YUCHAI INT LTD (CYD) at $18.93 (closing last trade price) and sell 5 call Out-of-the-Money contracts of CYD1022E20 (May$20.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,485, and income from sale of the calls is $408 and includes your commissions. Annualized return if called is 101%.
$408 $9,485 $34,228

Buy 200 shares of CONSOL ENERGY INC (CNX) at $42.67 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CNX1022E45 (May$45.00) at $1.40 (closing bid price) expiring on 5/22/2010. Cost is $8,554, and income from sale of the calls is $267 and includes your commissions. Annualized return if called is 87%.
$247 $8,554 $25,674

Buy 500 shares of NUTRISYSTEM INC (NTRI) at $19.38 (closing last trade price) and sell 5 call Out-of-the-Money contracts of NSI1022E20 (May$20.00) at $0.95 (closing bid price) expiring on 5/22/2010. Cost is $9,710, and income from sale of the calls is $458 and includes your commissions. Annualized return if called is 80%.
$458 $9,710 $15,864

Buy 800 shares of HUNTSMAN CORP (HUN) at $12.07 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HUN1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $9,676, and income from sale of the calls is $338 and includes your commissions. Annualized return if called is 71%.
$338 $9,676 $6,188

Totals for April:
$3,041 $54,811 $6,188

Taking $2,000 out as income total leaves $1,041 that will be subtracted from the cash balance:
$7,229

Portfolio value at April 17, 2010 is $110,547* after $8,000 taken as income in one months. Total return including income is $118,547*, up 18.5% The S&P500 average for the year so far is up 4.9%

*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.

Starting on January 16, 2010, Investment Enhancing Systems, Inc. provided this retirement portfolio using the stocks identified in our Conservative "Stocks-to-Consider" list. We started by investing $100,000 in stock buy/writes identified by the Covered Call Analyzer on expiration weekend for January 16, 2010. Since it is a retirement portfolio, we take $2,000 premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price and the balance of call premium. Our objective is to maintain and grow the portfolio while maintaining a monthly income of $2,000. We will update this portfolio each month on expiration weekend, using the Analyzer, to find more buy/writes using the monies realized from called or "get-out" sales.

	Income*	Cost*	Balance
From March:			$6,469
From Conservative "Stocks-to-Consider" for March 20, 2010 and putting $10,000 into the money available field.
Buy 600 shares of IMPERIAL SUGAR COMPANY (IPSU) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DQK1017D17.5 (Apr$17.50) at $0.45 (closing bid price) expiring on 4/17/2010. Cost is $9,830, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 118%. Not called on April 17. Will now sell May17.5 at $0.50. Price at $16.34 and value at $10,336,up 5.1% including sale of all calls.	$281		$6,469
Buy 200 shares of OVERSEAS SHIPHOLDING GRP (OSG) at $42.06 (closing last trade price) and sell 2 call Out-of-the-Money contracts of OSG1017D45 (Apr$45.00) at $0.70 (closing bid price) expiring on 4/17/2010. Cost is $8,432, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 104%. Called on April17 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,107, up 8.0%.			$15,449
Buy 300 shares of FRONTLINE (FRO) at $30.81 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FRO1017D32.5 (Apr$32.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $9,263, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 87%. Called on April17 at $32.50. Proceeds $9,730 after commission. Total return including call premium is $9,881, up 6.7%.			$25,179
Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $14.50 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1017D15 (Apr$15.00) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $8,720, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 85%. Called on April17 at $15.00. Proceeds $8,980 after commission. Total return including call premium is $9,291, up 6.5%.			$34,159
Buy 200 shares of CABOT OIL & GAS CORP CLA (COG) at $38.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COG1017D40 (Apr$40.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $7,648, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%. Not called on April 17. Will now sell May40 at $1.45. Price at $38.95 and value at $8,224,up 7.5% including sale of all calls.	$277		$34,159
Buy 200 shares of ENSCO INTERNATIONAL ADR (ESV) at $43.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ESV1017D45 (Apr$45.00) at $0.80 (closing bid price) expiring on 4/17/2010. Cost is $8,678, and income from sale of the calls is $147 and includes your commissions. Annualized return if called is 68%. Called on April17 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,127, up 5.2%.			$43,139
Buy 400 shares of BARCLAYS PLC ADR (BCS) at $21.66 (closing last trade price) and sell 4 call Out-of-the-Money contracts of BCS1017D22.5 (Apr$22.50) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,684, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 67%.Called on April17 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,124, up 5.1%.			$52,119
Buy 200 shares of TENARIS SA ADR (TS) at $43.38 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TSW1017D45 (Apr$45.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $8,696, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 67%. Not called on April 17. Price at $41.19 and value at $8,395,down (3.5%).including sale of all calls. Sold all shares at $41.19 on April 17 to closed out position. Proceeds $8,618.			$60,737
Buy 500 shares of CORNING INC (GLW) at $19.39 (closing last trade price) and sell 5 call Out-of-the-Money contracts of GLW1017D20 (Apr$20.00) at $0.32 (closing bid price) expiring on 4/17/2010. Cost is $9,715, and income from sale of the calls is $143 and includes your commissions. Annualized return if called is 55%.Not called on April 17. Will now sell May20 at $0.74. Price at $19.90 and value at $10,445,up 7.5% including sale of all calls.	$352		$60,737
Buy 300 shares of AEGEAN MARINE PETROLEUM (ANW) at $27.16 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW1017D30 (Apr$30.00) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,168, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 145%. Not called on April 17. Will now sell May30 at $0.45. Price at $26.87 and value at $8,287,up 1.5% including sale of all calls.	$120		$60,7379
Buy 200 shares of HELMERICH & PAYNE INC (HP) at $38.03 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1017D40 (Apr$40.00) at $0.65 (closing bid price) expiring on 4/17/2010. Cost is $7,626, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 81%. Not called on April 17. Will now sell May40 at $1.55. Price at $39.75 and value at $8,364, up 9.7% including sale of all calls.	$297		$61,099
From Conservative "Stocks-to-Consider" for April 17, 2010 and putting $10,000 into the money available field.
Buy 300 shares of WORLD FUEL SERVICES CORP (INT) at $27.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of INT1022E30 (May$30.00) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $8,162, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 121%.	$106	$8,162	$52,937
Buy 200 shares of PEABODY ENERGY CORP (BTU) at $46.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BTU1022E50 (May$50.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,224, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 105%.	$157	$9,224	$43,713
Buy 500 shares of CHINA YUCHAI INT LTD (CYD) at $18.93 (closing last trade price) and sell 5 call Out-of-the-Money contracts of CYD1022E20 (May$20.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,485, and income from sale of the calls is $408 and includes your commissions. Annualized return if called is 101%.	$408	$9,485	$34,228
Buy 200 shares of CONSOL ENERGY INC (CNX) at $42.67 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CNX1022E45 (May$45.00) at $1.40 (closing bid price) expiring on 5/22/2010. Cost is $8,554, and income from sale of the calls is $267 and includes your commissions. Annualized return if called is 87%.	$247	$8,554	$25,674
Buy 500 shares of NUTRISYSTEM INC (NTRI) at $19.38 (closing last trade price) and sell 5 call Out-of-the-Money contracts of NSI1022E20 (May$20.00) at $0.95 (closing bid price) expiring on 5/22/2010. Cost is $9,710, and income from sale of the calls is $458 and includes your commissions. Annualized return if called is 80%.	$458	$9,710	$15,864
Buy 800 shares of HUNTSMAN CORP (HUN) at $12.07 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HUN1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $9,676, and income from sale of the calls is $338 and includes your commissions. Annualized return if called is 71%.	$338	$9,676	$6,188
Totals for April:	$3,041	$54,811	$6,188
Taking $2,000 out as income total leaves $1,041 that will be subtracted from the cash balance:			$7,229
Portfolio value at April 17, 2010 is $110,547* after $8,000 taken as income in one months. Total return including income is *$118,547,** up 18.5% The S&P500 average for the year so far is up 4.9%