Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for August 22, 2009

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 July:

$4,670

From Conservative "Stocks-to-Consider" for April 18, 2009 and putting $10,000 into the money available field.

Buy 400 shares of HCP INC (HCP) at $21.79 (closing last trade price) and sell 4 call Out-of-the-Money contracts of HCP EX (May$22.50) at $1.40 (closing bid price) expiring on 5/16/2009. Cost is $8,736, and income from sale of the calls is $544 and includes your commissions. Annualized return if called is 121%. Not called on May 16. Will now sell Jun22.5 at $0.80. Price at $20.60 and value at $9,088 , up 4.0% on May 16 including sale of all calls. Not called on June 20. Will now sell Jul22.5 at $0.40. Price at $20.75 and value at $9,292 , up 6.4% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug22.5 at $0.85. Price at $22.04 and value at $10,132 , up 16.0% on July 18 including sale of all calls. Called on August 22 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $10,296, up 17.9%. $13,650

Buy 300 shares of TERRA INDUSTRIES INC (TRA) at $28.19 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TRA EF (May$30.00) at $1.40 (closing bid price) expiring on 5/16/2009. Cost is $8,477, and income from sale of the calls is $406 and includes your commissions. Annualized return if called is 143%.
Not called on May 16. Will now sell Jun30 at $1.65. Price at $28.36 and value at $9,394 , up 10.8% on May 16 including sale of all calls. Not called on June 20. Will now sell Jul30 at $0.55. Price at $26.00 and value at $8,837 , up 4.2% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug30 at $0.50. Price at $26.45 and value at $9,107 , up 7.4% on July 18 including sale of all calls. Called on August 22 at $30.00. Proceeds $8,980 after commission. Total return including call premium is $10,152, up 19.8%.
$22,630

From Conservative "Stocks-to-Consider" for June 20, 2009 and putting $10,000 into the money available field.

Buy 700 shares of ROYAL CARIBBEAN CRUISES (RCL) at $14.02 (closing last trade price) and sell 7 call Out-of-the-Money contracts of RCL GC (Jul$15.00) at $0.65 (closing bid price) expiring on 7/18/2009. Cost is $9,834, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 146%. Not called on July 18. Will now sell Aug15 at $0.50. Price at $13.69 and value at $10,347 , up 5.2% on July 18 including sale of all calls. Called on August 22 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $11,244, up 14.3%.
$33,110

Buy 400 shares of NEXEN INC (NXY) at $21.34 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NXY GX (Jul$22.50) at $0.90 (closing bid price) expiring on 7/18/2009. Cost is $8,556, and income from sale of the calls is $344 and includes your commissions. Annualized return if called is 120%. Not called on July 18. Will now sell Aug15 at $0.35. Price at $19.72 and value at $8,356 , down (2.3%) on July 18 including sale of all calls. Not called on August 22. Will now sell Sep22.5 at $0.50. Price at $21.38 and value at $9,204 , up 7.6% on August 22 including sale of all calls.
$184 $33,110

Buy 600 shares of DIANA SHIPPING INC (DSX) at $14.36 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DSX GC (Jul$15.00) at $0.70 (closing bid price) expiring on 7/18/2009. Cost is $8,636, and income from sale of the calls is $401 and includes your commissions. Annualized return if called is 115%. Not called on July 18. Will now sell Aug15 at $0.65. Price at $14.21 and value at $9,298 , up 7.7% on July 18 including sale of all calls. Not called on August 22. Price at $13.36. Sold all shares at $13.36 on August 22 to close out position. Proceeds $7,996 after commission. Total return including call premium is $8,788, up 1.8%.
$41,106

From Conservative "Stocks-to-Consider" for July 18, 2009 and putting $10,000 into the money available field.

Buy 1000 shares of MECHEL OAO (MTL) at $9.50 (closing last trade price) and sell 10 call Out-of-the-Money contracts of MTL HB (Aug$10.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $9,520, and income from sale of the calls is $725 and includes your commissions. Annualized return if called is 132%. Called on August 22 at $10.00. Proceeds $9,980 after commission. Total return including call premium is $10,705, up 12.4%.
$51,086

Buy 400 shares of TECK RESOURCES LTD CL B (TCK) at $21.06 (closing last trade price) and sell 4 call Out-of-the-Money contracts of TCK HX (Aug$22.50) at $1.35 (closing bid price) expiring on 8/22/2009. Cost is $8,444, and income from sale of the calls is $524 and includes your commissions. Annualized return if called is 133%. Called on August 22 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,504, up 12.6%.
$60,066

Buy 700 shares of RADIOSHACK CORP (RSH) at $14.18 (closing last trade price) and sell 7 call Out-of-the-Money contracts of RSH HC (Aug$15.00) at $0.65 (closing bid price) expiring on 8/22/2009. Cost is $9,946, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 104%. Called on August 22 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $10,914, up 9.7%.
$70,546

Buy 700 shares of DIANA SHIPPING INC (DSX) at $14.21 (closing last trade price) and sell 7 call Out-of-the-Money contracts of DSX HC (Aug$15.00) at $0.65 (closing bid price) expiring on 8/22/2009. Cost is $9,967, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 101%. Not called on August 22. Price at $13.36. Sold all shares at $13.36 on August 22 to close out position. Proceeds $9,330 after commission. Total return including call premium is $9,787, down (1.8%).
$79,878

Buy 600 shares of BJ SERVICES CO (BJS) at $14.44 (closing last trade price) and sell 6 call Out-of-the-Money contracts of BJS HC (Aug$15.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $8,684, and income from sale of the calls is $431 and includes your commissions. Annualized return if called is 90%. Called on August 22 at $15.00. Proceeds $8,980 after commission. Total return including call premium is $9,411, up 8.4%.
$88,858

Buy 800 shares of AES CORP THE (AES) at $11.93 (closing last trade price) and sell 8 call Out-of-the-Money contracts of AES HV (Aug$12.50) at $0.55 (closing bid price) expiring on 8/22/2009. Cost is $9,564, and income from sale of the calls is $418 and includes your commissions. Annualized return if called is 93%. Called on August 22 at $12.50. Proceeds $9,980 after commission. Total return including call premium is $10,398, up 8.7%.
$98,838

From Conservative "Stocks-to-Consider" for August 22, 2009 and putting $10,000 into the money available field.

Buy 500 shares of ROYAL CARIBBEAN CRUISES (RCL) at $19.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RCL IX (Sep$22.50) at $0.40 (closing bid price) expiring on 9/19/2009. Cost is $9,630, and income from sale of the calls is $183 and includes your commissions. Annualized return if called is 244%.
$183 $9,630 $89,208

Buy 1100 shares of DAKTRONICS INC (DAKT) at $9.02 (closing last trade price) and sell 11 call Out-of-the-Money contracts of QKC IB (Sep$10.00) at $0.30 (closing bid price) expiring on 9/19/2009. Cost is $9,942, and income from sale of the calls is $304 and includes your commissions. Annualized return if called is 179%.
$304 $9,942 $79,266

Buy 800 shares of MECHEL OAO (MTL) at $11.71 (closing last trade price) and sell 8 call Out-of-the-Money contracts of MTL IV (Sep$12.50) at $0.70 (closing bid price) expiring on 9/19/2009. Cost is $9,388, and income from sale of the calls is $538 and includes your commissions. Annualized return if called is 160%.
$538 $9,388 $69,878

Buy 700 shares of CHINA UNICOM (HK) LTD (CHU) at $14.18 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CHU IC (Sep$15.00) at $0.45 (closing bid price) expiring on 9/19/2009. Cost is $9,946, and income from sale of the calls is $295 and includes your commissions. Annualized return if called is 111%.
$295 $9,946 $59,932

Buy 400 shares of PENN VIRGINIA CORP (PVA) at $22.02 (closing last trade price) and sell 4 call Out-of-the-Money contracts of PVA IX (Sep$22.50) at $1.00 (closing bid price) expiring on 9/19/2009. Cost is $8,828, and income from sale of the calls is $384 and includes your commissions. Annualized return if called is 82%.
$384 $8,828 $51,104

Buy 600 shares of AMERICAN EAGLE OUTFITTER (AEO) at $14.67 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AEO IC (Sep$15.00) at $0.60 (closing bid price) expiring on 9/19/2009. Cost is $8,822, and income from sale of the calls is $341 and includes your commissions. Annualized return if called is 77%.
$341 $8,822 $42,282

Buy 200 shares of SASOL LTD ADR (SSL) at $39.05 (closing last trade price) and sell 2 call Out-of-the-Money contracts of SSL IH (Sep$40.00) at $1.45 (closing bid price) expiring on 9/19/2009. Cost is $7,830, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 74%.
$277 $7,830 $34,452

Buy 200 shares of POLARIS INDUSTRIES INC (PII) at $39.05 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PII IH (Sep$40.00) at $1.35 (closing bid price) expiring on 9/19/2009. Cost is $7,830, and income from sale of the calls is $257 and includes your commissions. Annualized return if called is 71%.
$257 $7,830 $26,622

Buy 400 shares of ROWAN COMPANIES INC (RDC) at $22.11 (closing last trade price) and sell 4 call Out-of-the-Money contracts of RDC IX (Sep$22.50) at $0.85 (closing bid price) expiring on 9/19/2009. Cost is $8,864, and income from sale of the calls is $324 and includes your commissions. Annualized return if called is 68%.
$324 $8,864 $17,758

Buy 300 shares of FAMILY DOLLAR STORES INC (FDO) at $29.72 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FDO IF (Sep$30.00) at $0.95 (closing bid price) expiring on 9/19/2009. Cost is $8,936, and income from sale of the calls is $271 and includes your commissions. Annualized return if called is 49%.
$271 $8,936 $8,822

Buy 200 shares of COVIDIEN PLC (COV) at $39.63 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COV IH (Sep$40.00) at $1.00 (closing bid price) expiring on 9/19/2009. Cost is $7,946, and income from sale of the calls is $187 and includes your commissions. Annualized return if called is 40%.
$187 $7,946 $876

Totals for August:
$3,545 $97,962 $876

Taking $2,000 out as income total leaves $1,545 that will be added to cash balance:
$2,421

Portfolio value at August 22, 2009 is $112,727* after $16,000 taken as income in eight months. Total return including income is $128,727*, up 28.7% The DOW average for the year so far is up 14.8%.

*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 17, 2009, 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 17, 2009.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 July:			$4,670
From Conservative "Stocks-to-Consider" for April 18, 2009 and putting $10,000 into the money available field.
Buy 400 shares of HCP INC (HCP) at $21.79 (closing last trade price) and sell 4 call Out-of-the-Money contracts of HCP EX (May$22.50) at $1.40 (closing bid price) expiring on 5/16/2009. Cost is $8,736, and income from sale of the calls is $544 and includes your commissions. Annualized return if called is 121%. Not called on May 16. Will now sell Jun22.5 at $0.80. Price at $20.60 and value at $9,088 , up 4.0% on May 16 including sale of all calls. Not called on June 20. Will now sell Jul22.5 at $0.40. Price at $20.75 and value at $9,292 , up 6.4% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug22.5 at $0.85. Price at $22.04 and value at $10,132 , up 16.0% on July 18 including sale of all calls. Called on August 22 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $10,296, up 17.9%.			$13,650
Buy 300 shares of TERRA INDUSTRIES INC (TRA) at $28.19 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TRA EF (May$30.00) at $1.40 (closing bid price) expiring on 5/16/2009. Cost is $8,477, and income from sale of the calls is $406 and includes your commissions. Annualized return if called is 143%. Not called on May 16. Will now sell Jun30 at $1.65. Price at $28.36 and value at $9,394 , up 10.8% on May 16 including sale of all calls. Not called on June 20. Will now sell Jul30 at $0.55. Price at $26.00 and value at $8,837 , up 4.2% on June 20 including sale of all calls. Not called on July 18. Will now sell Aug30 at $0.50. Price at $26.45 and value at $9,107 , up 7.4% on July 18 including sale of all calls. Called on August 22 at $30.00. Proceeds $8,980 after commission. Total return including call premium is $10,152, up 19.8%.			$22,630
From Conservative "Stocks-to-Consider" for June 20, 2009 and putting $10,000 into the money available field.
Buy 700 shares of ROYAL CARIBBEAN CRUISES (RCL) at $14.02 (closing last trade price) and sell 7 call Out-of-the-Money contracts of RCL GC (Jul$15.00) at $0.65 (closing bid price) expiring on 7/18/2009. Cost is $9,834, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 146%. Not called on July 18. Will now sell Aug15 at $0.50. Price at $13.69 and value at $10,347 , up 5.2% on July 18 including sale of all calls. Called on August 22 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $11,244, up 14.3%.			$33,110
Buy 400 shares of NEXEN INC (NXY) at $21.34 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NXY GX (Jul$22.50) at $0.90 (closing bid price) expiring on 7/18/2009. Cost is $8,556, and income from sale of the calls is $344 and includes your commissions. Annualized return if called is 120%. Not called on July 18. Will now sell Aug15 at $0.35. Price at $19.72 and value at $8,356 , down (2.3%) on July 18 including sale of all calls. Not called on August 22. Will now sell Sep22.5 at $0.50. Price at $21.38 and value at $9,204 , up 7.6% on August 22 including sale of all calls.	$184		$33,110
Buy 600 shares of DIANA SHIPPING INC (DSX) at $14.36 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DSX GC (Jul$15.00) at $0.70 (closing bid price) expiring on 7/18/2009. Cost is $8,636, and income from sale of the calls is $401 and includes your commissions. Annualized return if called is 115%. Not called on July 18. Will now sell Aug15 at $0.65. Price at $14.21 and value at $9,298 , up 7.7% on July 18 including sale of all calls. Not called on August 22. Price at $13.36. Sold all shares at $13.36 on August 22 to close out position. Proceeds $7,996 after commission. Total return including call premium is $8,788, up 1.8%.			$41,106
From Conservative "Stocks-to-Consider" for July 18, 2009 and putting $10,000 into the money available field.
Buy 1000 shares of MECHEL OAO (MTL) at $9.50 (closing last trade price) and sell 10 call Out-of-the-Money contracts of MTL HB (Aug$10.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $9,520, and income from sale of the calls is $725 and includes your commissions. Annualized return if called is 132%. Called on August 22 at $10.00. Proceeds $9,980 after commission. Total return including call premium is $10,705, up 12.4%.			$51,086
Buy 400 shares of TECK RESOURCES LTD CL B (TCK) at $21.06 (closing last trade price) and sell 4 call Out-of-the-Money contracts of TCK HX (Aug$22.50) at $1.35 (closing bid price) expiring on 8/22/2009. Cost is $8,444, and income from sale of the calls is $524 and includes your commissions. Annualized return if called is 133%. Called on August 22 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,504, up 12.6%.			$60,066
Buy 700 shares of RADIOSHACK CORP (RSH) at $14.18 (closing last trade price) and sell 7 call Out-of-the-Money contracts of RSH HC (Aug$15.00) at $0.65 (closing bid price) expiring on 8/22/2009. Cost is $9,946, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 104%. Called on August 22 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $10,914, up 9.7%.			$70,546
Buy 700 shares of DIANA SHIPPING INC (DSX) at $14.21 (closing last trade price) and sell 7 call Out-of-the-Money contracts of DSX HC (Aug$15.00) at $0.65 (closing bid price) expiring on 8/22/2009. Cost is $9,967, and income from sale of the calls is $435 and includes your commissions. Annualized return if called is 101%. Not called on August 22. Price at $13.36. Sold all shares at $13.36 on August 22 to close out position. Proceeds $9,330 after commission. Total return including call premium is $9,787, down (1.8%).			$79,878
Buy 600 shares of BJ SERVICES CO (BJS) at $14.44 (closing last trade price) and sell 6 call Out-of-the-Money contracts of BJS HC (Aug$15.00) at $0.75 (closing bid price) expiring on 8/22/2009. Cost is $8,684, and income from sale of the calls is $431 and includes your commissions. Annualized return if called is 90%. Called on August 22 at $15.00. Proceeds $8,980 after commission. Total return including call premium is $9,411, up 8.4%.			$88,858
Buy 800 shares of AES CORP THE (AES) at $11.93 (closing last trade price) and sell 8 call Out-of-the-Money contracts of AES HV (Aug$12.50) at $0.55 (closing bid price) expiring on 8/22/2009. Cost is $9,564, and income from sale of the calls is $418 and includes your commissions. Annualized return if called is 93%. Called on August 22 at $12.50. Proceeds $9,980 after commission. Total return including call premium is $10,398, up 8.7%.			$98,838
From Conservative "Stocks-to-Consider" for August 22, 2009 and putting $10,000 into the money available field.
Buy 500 shares of ROYAL CARIBBEAN CRUISES (RCL) at $19.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RCL IX (Sep$22.50) at $0.40 (closing bid price) expiring on 9/19/2009. Cost is $9,630, and income from sale of the calls is $183 and includes your commissions. Annualized return if called is 244%.	$183	$9,630	$89,208
Buy 1100 shares of DAKTRONICS INC (DAKT) at $9.02 (closing last trade price) and sell 11 call Out-of-the-Money contracts of QKC IB (Sep$10.00) at $0.30 (closing bid price) expiring on 9/19/2009. Cost is $9,942, and income from sale of the calls is $304 and includes your commissions. Annualized return if called is 179%.	$304	$9,942	$79,266
Buy 800 shares of MECHEL OAO (MTL) at $11.71 (closing last trade price) and sell 8 call Out-of-the-Money contracts of MTL IV (Sep$12.50) at $0.70 (closing bid price) expiring on 9/19/2009. Cost is $9,388, and income from sale of the calls is $538 and includes your commissions. Annualized return if called is 160%.	$538	$9,388	$69,878
Buy 700 shares of CHINA UNICOM (HK) LTD (CHU) at $14.18 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CHU IC (Sep$15.00) at $0.45 (closing bid price) expiring on 9/19/2009. Cost is $9,946, and income from sale of the calls is $295 and includes your commissions. Annualized return if called is 111%.	$295	$9,946	$59,932
Buy 400 shares of PENN VIRGINIA CORP (PVA) at $22.02 (closing last trade price) and sell 4 call Out-of-the-Money contracts of PVA IX (Sep$22.50) at $1.00 (closing bid price) expiring on 9/19/2009. Cost is $8,828, and income from sale of the calls is $384 and includes your commissions. Annualized return if called is 82%.	$384	$8,828	$51,104
Buy 600 shares of AMERICAN EAGLE OUTFITTER (AEO) at $14.67 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AEO IC (Sep$15.00) at $0.60 (closing bid price) expiring on 9/19/2009. Cost is $8,822, and income from sale of the calls is $341 and includes your commissions. Annualized return if called is 77%.	$341	$8,822	$42,282
Buy 200 shares of SASOL LTD ADR (SSL) at $39.05 (closing last trade price) and sell 2 call Out-of-the-Money contracts of SSL IH (Sep$40.00) at $1.45 (closing bid price) expiring on 9/19/2009. Cost is $7,830, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 74%.	$277	$7,830	$34,452
Buy 200 shares of POLARIS INDUSTRIES INC (PII) at $39.05 (closing last trade price) and sell 2 call Out-of-the-Money contracts of PII IH (Sep$40.00) at $1.35 (closing bid price) expiring on 9/19/2009. Cost is $7,830, and income from sale of the calls is $257 and includes your commissions. Annualized return if called is 71%.	$257	$7,830	$26,622
Buy 400 shares of ROWAN COMPANIES INC (RDC) at $22.11 (closing last trade price) and sell 4 call Out-of-the-Money contracts of RDC IX (Sep$22.50) at $0.85 (closing bid price) expiring on 9/19/2009. Cost is $8,864, and income from sale of the calls is $324 and includes your commissions. Annualized return if called is 68%.	$324	$8,864	$17,758
Buy 300 shares of FAMILY DOLLAR STORES INC (FDO) at $29.72 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FDO IF (Sep$30.00) at $0.95 (closing bid price) expiring on 9/19/2009. Cost is $8,936, and income from sale of the calls is $271 and includes your commissions. Annualized return if called is 49%.	$271	$8,936	$8,822
Buy 200 shares of COVIDIEN PLC (COV) at $39.63 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COV IH (Sep$40.00) at $1.00 (closing bid price) expiring on 9/19/2009. Cost is $7,946, and income from sale of the calls is $187 and includes your commissions. Annualized return if called is 40%.	$187	$7,946	$876
Totals for August:	$3,545	$97,962	$876
Taking $2,000 out as income total leaves $1,545 that will be added to cash balance:			$2,421
Portfolio value at August 22, 2009 is $112,727* after $16,000 taken as income in eight months. Total return including income is *$128,727,** up 28.7% The DOW average for the year so far is up 14.8%.