Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for August 20, 2011

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:

$848

From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.

Buy 300 shares of GARMIN (GRMN) at $33.02  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of GRMN1119C35 (Mar$35.00) at $0.74 (closing bid price) expiring on 3/19/2011. Cost is$9,927, and income from sale of the calls is $208 and includes your commissions.   Actual return if called at expiration is 7.9%. Not called on March 19. Will now sell Apr35 at $0.65. Price at $33.82 and value at $10,534, including sale of all calls, up +6.1. Not called on April 16. Will now sell May35 at $0.83. Price at $33.90 and value at $10,793, including sale of all calls, up +8.7. Not called on May 21. Will now sell Jun35 at $0.66. Price at $34.98 and value at $11,300, including sale of all calls, up +13.8. Not called on June 18. Will now sell Jul34 at $0.70. Note that we have lowered the strike price but it is still above the prchase price. Price at $33.66 and value at $11,100, including sale of all calls, up +11.8%. Not called on July 16. Will now sell Aug34 at $0.59 Price at $32.23 and value at $10,833, including sale of all calls, up +9.1%. Not called on August 20. Will now sell Sep34 at $0.22. Price at $31.00 and value at $10,528, including sale of all calls, up +6.1%. $52 $848

From Conservative "Stocks-to-Consider" for June 18, 2011 and putting $10,000 into the money available field.

Buy 500 shares of JABIL CIRCUIT (JBL) at $18.29  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of JBL1116G20 (Jul$20.00) at $0.40 (closing bid price) expiring on 7/16/2011. Cost is$9,165, and income from sale of the calls is $183 and includes your commissions.   Actual return if called at expiration is 11.1%. Not called on July 16. Will now sell Aug20 at $0.75. Price at $19.79 and value at $10,435, including sale of all calls, up +13.9%. Exercised get-out price at $15.55 (-15%) on August 3 after buying back calls at $0.05. Proceeds $7,755 after commission. Final value including sale of all calls is $8,273, down (9.7%). $8,603

Buy 1400 shares of GENCO SHIPPING & TRADING (GNK) at $7.02  (closing last trade price) and sell 14 call  Out-of-the-Money contracts of GNK1116G7.5 (Jul$7.50) at $0.25 (closing bid price) expiring on7/16/2011. Cost is $9,848, and income from sale of the calls is $319 and includes your commissions.   Actual return if called at expiration is 9.9%. Not called on July 16. Will now sell Aug8 at $0.15. Note that we have increased the strike price. Price at $7.11 and value at $10,452, including sale of all calls, up +6.1%. Exercised get-out price at $5.97 (-15%) on August 3 after buying back calls at $0.05. Proceeds $8,338 after commission. Final value including sale of all calls is $8,755, down (11.1%).

$16,941

Buy 300 shares of FOSTER WHEELER (FWLT) at $28.50  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of FWLT1116G30 (Jul$30.00) at $0.78 (closing bid price) expiring on 7/16/2011. Cost is $8,570, and income from sale of the calls is $220 and includes your commissions.   Actual return if called at expiration is 7.6%. Not called on July 16. Will now sell Aug29 at $0.69. Note that we have lowered the strike price but it is still above the purchase price. Price at $27.30 and value at $8,602, including sale of all calls, up +0.4%. Exercised get-out price at $24.23 (-15%) on August 3 after buying back calls at $0.05. Proceeds $7,249 after commission. Final value including sale of all calls is $7,652, down (10.7%). $24,190

From Conservative "Stocks-to-Consider" for July 16, 2011 and putting $10,000 into the money available field.

Buy 900 shares of MBIA (MBI) at $10.20  (closing last trade price) and sell 9 call  Out-of-the-Money contracts of MBI1120H11 (Auj$12.00) at $0.66 (closing bid price) expiring on 8/20/2011. Cost is $9,200, and income from sale of the calls is $571 and includes your commissions.   Actual return if called at expiration is 13.8%.Exercised get-out price at $8.67 (-15%) on August 5 after buying back calls at $0.05. Proceeds $7,783 after commission. Final value including sale of all calls is $8,305, down (9.7%). $31,973

Buy 200 shares of INTERDIGITAL (IDCC) at $43.01  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of IDCC1120H55 (Aug$55.00) at $0.30 (closing bid price) expiring on 8/20/2011. Cost is $8,622, and income from sale of the calls is $47 and includes your commissions.   Actual return if called at expiration is 28.1%.Called on August 20 at $55.00. Proceeds $10,980 after commission. Total return including call premium is $11,027, up +27.9%. $42,953

Buy 1400 shares of OFFICEMAX (OMX) at $6.88  (closing last trade price) and sell 14 call  Out-of-the-Money contracts of OMX1120H7.5 (Aug$7.50) at $0.35 (closing bid price) expiring on 8/20/2011. Cost is $9,652, and income from sale of the calls is $459 and includes your commissions.   Actual return if called at expiration is 13.5%.Exercised get-out price at $5.85 (-15%) on August 8 after buying back calls at $0.05. Proceeds $8,170 after commission. Final value including sale of all calls is $8,548, down (11.4%). $51,123

Buy 600 shares o fASSURED GUARANTY (AGO) at $16.11  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of AGO1120H18 (Aug$18.00) at $0.43 (closing bid price) expiring on 8/20/2011. Cost is $9,686, and income from sale of the calls is $239 and includes your commissions.   Actual return if called at expiration is 14.0%.Exercised get-out price at $13.69 (-15%) on August 3 after buying back calls at $0.05. Proceeds $8,194 after commission. Final value including sale of all calls is $8,404, down (13.2%). $59,317

Buy 400 shares of SKYWORKS SOLUTIONS (SWKS) at $22.68  (closing last trade price) and sell 4 call  Out-of-the-Money contracts of SWKS1120H25 (Aug$25.00) at $0.60 (closing bid price) expiring on 8/20/2011. Cost is $9,092, and income from sale of the calls is $224 and includes your commissions.   Actual return if called at expiration is 12.5%.Exercised get-out price at $19.28 (-15%) on August 5 after buying back calls at $0.05. Proceeds $7,692 after commission. Final value including sale of all calls is $7,900, down (13.1%). $67,009

Buy 700 shares of CENTURY ALUMINUM (CENX) at $14.09  (closing last trade price) and sell 7 call  Out-of-the-Money contracts of CENX1120H15 (Aug$15.00) at $0.51 (closing bid price) expiring on 8/16/2011. Cost is $9,883, and income from sale of the calls is $337 and includes your commissions.   Actual return if called at expiration is 9.7%.Exercised get-out price at $11.98 (-15%) on August 20 after buying back calls at $0.05. Proceeds $8,366 after commission. Final value including sale of all calls is $6,667, down (12.3%). $75,375

From Conservative "Stocks-to-Consider" for August 20, 2011 and putting $10,000 into the money available field.

Buy 700 shares of HOUSTON AMERICAN ENERGY (HUSA) at $13.90 (closing last trade price) and sell 7 call Out-of-the-Money contracts of HUSA1117I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,750, and income from sale of the calls is $295 and includes your commissions. Actual return if called at expiration is 28.7%.
$295 $9,750 $68,625

Buy 100 shares of INTERDIGITAL (IDCC) at $62.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of IDCC1117I75 (Sep$75.00) at $4.40 (closing bid price) expiring on 9/17/2011. Cost is $6,318, and income from sale of the calls is $429 and includes your commissions. Actual return if called at expiration is 25.5%.
$429 $6,318 $59,307

Buy 1100 shares of SILVERCORP METALS INC (SVM) at $8.42 (closing last trade price) and sell 11 call Out-of-the-Money contracts of SVM1117I10 (Sep$10.00) at $0.35 (closing bid price) expiring on 9/17/2011. Cost is $9,282, and income from sale of the calls is $359 and includes your commissions. Actual return if called at expiration is 22.4%.
$359 $9,282 $50,025

Buy 600 shares of IMAX (IMAX) at $14.76 (closing last trade price) and sell 6 call Out-of-the-Money contracts of IMAX1117I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $8,876, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 21.1%.
$251 $8,876 $41,149

Buy 1000 shares of HARVEST NATURAL RESOURCES (HNR) at $9.12 (closing last trade price) and sell 10 call Out-of-the-Money contracts of HNR1117I12.5 (Sep$12.50) at $0.30 (closing bid price) expiring on 9/17/2011. Cost is $9,140, and income from sale of the calls is $275 and includes your commissions. Actual return if called at expiration is 39.8%.
$275 $9,140 $32,009

Buy 600 shares of MOMENTA PHARMACEUTICALS (MNTA) at $16.26 (closing last trade price) and sell 6 call Out-of-the-Money contracts of MNTA1117I20 (Sep$20.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,776, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 25.3%.
$251 $9,776 $22,233

Buy 300 shares of VERIFONE SYSTEMS (PAY) at $31.66 (closing last trade price) and sell 3 call Out-of-the-Money contracts of PAY1117I40 (Sep$40.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,518, and income from sale of the calls is $121 and includes your commissions. Actual return if called at expiration is 27.3%.
$121 $9,518 $12,715

Buy 800 shares of RUBICON TECHNOLOGY (RBCN) at $12.16 (closing last trade price) and sell 8 call Out-of-the-Money contracts of RBCN1117I15 (Sep$15.00) at $0.25 (closing bid price) expiring on 9/17/2011. Cost is $9,748, and income from sale of the calls is $178 and includes your commissions. Actual return if called at expiration is 24.9%.
$178 $9,748 $2,967

Totals for August:
$2,211 $72,408 $2,967

Taking $2,000 out as income total leaves $211 that will be added to the cash balance:
$3,178

Portfolio value at September expiration (September 17) is $101,631* after $16,000 taken as income in eight months. Total return including income is $117,631*, up 17.6% The S&P500 average for the year so far is down (5.2%).

*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 22, 2011, 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 22, 2011. 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. Because this is a conservative portfolio, we have established the get-out price at -15% below the purchase price.

	Income*	Cost*	Balance
From July:			$848
From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.
Buy 300 shares of GARMIN (GRMN) at $33.02 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GRMN1119C35 (Mar$35.00) at $0.74 (closing bid price) expiring on 3/19/2011. Cost is$9,927, and income from sale of the calls is $208 and includes your commissions. Actual return if called at expiration is 7.9%. Not called on March 19. Will now sell Apr35 at $0.65. Price at $33.82 and value at $10,534, including sale of all calls, up +6.1. Not called on April 16. Will now sell May35 at $0.83. Price at $33.90 and value at $10,793, including sale of all calls, up +8.7. Not called on May 21. Will now sell Jun35 at $0.66. Price at $34.98 and value at $11,300, including sale of all calls, up +13.8. Not called on June 18. Will now sell Jul34 at $0.70. Note that we have lowered the strike price but it is still above the prchase price. Price at $33.66 and value at $11,100, including sale of all calls, up +11.8%. Not called on July 16. Will now sell Aug34 at $0.59 Price at $32.23 and value at $10,833, including sale of all calls, up +9.1%. Not called on August 20. Will now sell Sep34 at $0.22. Price at $31.00 and value at $10,528, including sale of all calls, up +6.1%.	$52		$848
From Conservative "Stocks-to-Consider" for June 18, 2011 and putting $10,000 into the money available field.
Buy 500 shares of JABIL CIRCUIT (JBL) at $18.29 (closing last trade price) and sell 5 call Out-of-the-Money contracts of JBL1116G20 (Jul$20.00) at $0.40 (closing bid price) expiring on 7/16/2011. Cost is$9,165, and income from sale of the calls is $183 and includes your commissions. Actual return if called at expiration is 11.1%. Not called on July 16. Will now sell Aug20 at $0.75. Price at $19.79 and value at $10,435, including sale of all calls, up +13.9%. Exercised get-out price at $15.55 (-15%) on August 3 after buying back calls at $0.05. Proceeds $7,755 after commission. Final value including sale of all calls is $8,273, down (9.7%).			$8,603
Buy 1400 shares of GENCO SHIPPING & TRADING (GNK) at $7.02 (closing last trade price) and sell 14 call Out-of-the-Money contracts of GNK1116G7.5 (Jul$7.50) at $0.25 (closing bid price) expiring on7/16/2011. Cost is $9,848, and income from sale of the calls is $319 and includes your commissions. Actual return if called at expiration is 9.9%. Not called on July 16. Will now sell Aug8 at $0.15. Note that we have increased the strike price. Price at $7.11 and value at $10,452, including sale of all calls, up +6.1%. Exercised get-out price at $5.97 (-15%) on August 3 after buying back calls at $0.05. Proceeds $8,338 after commission. Final value including sale of all calls is $8,755, down (11.1%).			$16,941
Buy 300 shares of FOSTER WHEELER (FWLT) at $28.50 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FWLT1116G30 (Jul$30.00) at $0.78 (closing bid price) expiring on 7/16/2011. Cost is $8,570, and income from sale of the calls is $220 and includes your commissions. Actual return if called at expiration is 7.6%. Not called on July 16. Will now sell Aug29 at $0.69. Note that we have lowered the strike price but it is still above the purchase price. Price at $27.30 and value at $8,602, including sale of all calls, up +0.4%. Exercised get-out price at $24.23 (-15%) on August 3 after buying back calls at $0.05. Proceeds $7,249 after commission. Final value including sale of all calls is $7,652, down (10.7%).			$24,190
From Conservative "Stocks-to-Consider" for July 16, 2011 and putting $10,000 into the money available field.
Buy 900 shares of MBIA (MBI) at $10.20 (closing last trade price) and sell 9 call Out-of-the-Money contracts of MBI1120H11 (Auj$12.00) at $0.66 (closing bid price) expiring on 8/20/2011. Cost is $9,200, and income from sale of the calls is $571 and includes your commissions. Actual return if called at expiration is 13.8%.Exercised get-out price at $8.67 (-15%) on August 5 after buying back calls at $0.05. Proceeds $7,783 after commission. Final value including sale of all calls is $8,305, down (9.7%).			$31,973
Buy 200 shares of INTERDIGITAL (IDCC) at $43.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1120H55 (Aug$55.00) at $0.30 (closing bid price) expiring on 8/20/2011. Cost is $8,622, and income from sale of the calls is $47 and includes your commissions. Actual return if called at expiration is 28.1%.Called on August 20 at $55.00. Proceeds $10,980 after commission. Total return including call premium is $11,027, up +27.9%.			$42,953
Buy 1400 shares of OFFICEMAX (OMX) at $6.88 (closing last trade price) and sell 14 call Out-of-the-Money contracts of OMX1120H7.5 (Aug$7.50) at $0.35 (closing bid price) expiring on 8/20/2011. Cost is $9,652, and income from sale of the calls is $459 and includes your commissions. Actual return if called at expiration is 13.5%.Exercised get-out price at $5.85 (-15%) on August 8 after buying back calls at $0.05. Proceeds $8,170 after commission. Final value including sale of all calls is $8,548, down (11.4%).			$51,123
Buy 600 shares o fASSURED GUARANTY (AGO) at $16.11 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGO1120H18 (Aug$18.00) at $0.43 (closing bid price) expiring on 8/20/2011. Cost is $9,686, and income from sale of the calls is $239 and includes your commissions. Actual return if called at expiration is 14.0%.Exercised get-out price at $13.69 (-15%) on August 3 after buying back calls at $0.05. Proceeds $8,194 after commission. Final value including sale of all calls is $8,404, down (13.2%).			$59,317
Buy 400 shares of SKYWORKS SOLUTIONS (SWKS) at $22.68 (closing last trade price) and sell 4 call Out-of-the-Money contracts of SWKS1120H25 (Aug$25.00) at $0.60 (closing bid price) expiring on 8/20/2011. Cost is $9,092, and income from sale of the calls is $224 and includes your commissions. Actual return if called at expiration is 12.5%.Exercised get-out price at $19.28 (-15%) on August 5 after buying back calls at $0.05. Proceeds $7,692 after commission. Final value including sale of all calls is $7,900, down (13.1%).			$67,009
Buy 700 shares of CENTURY ALUMINUM (CENX) at $14.09 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CENX1120H15 (Aug$15.00) at $0.51 (closing bid price) expiring on 8/16/2011. Cost is $9,883, and income from sale of the calls is $337 and includes your commissions. Actual return if called at expiration is 9.7%.Exercised get-out price at $11.98 (-15%) on August 20 after buying back calls at $0.05. Proceeds $8,366 after commission. Final value including sale of all calls is $6,667, down (12.3%).			$75,375
From Conservative "Stocks-to-Consider" for August 20, 2011 and putting $10,000 into the money available field.
Buy 700 shares of HOUSTON AMERICAN ENERGY (HUSA) at $13.90 (closing last trade price) and sell 7 call Out-of-the-Money contracts of HUSA1117I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,750, and income from sale of the calls is $295 and includes your commissions. Actual return if called at expiration is 28.7%.	$295	$9,750	$68,625
Buy 100 shares of INTERDIGITAL (IDCC) at $62.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of IDCC1117I75 (Sep$75.00) at $4.40 (closing bid price) expiring on 9/17/2011. Cost is $6,318, and income from sale of the calls is $429 and includes your commissions. Actual return if called at expiration is 25.5%.	$429	$6,318	$59,307
Buy 1100 shares of SILVERCORP METALS INC (SVM) at $8.42 (closing last trade price) and sell 11 call Out-of-the-Money contracts of SVM1117I10 (Sep$10.00) at $0.35 (closing bid price) expiring on 9/17/2011. Cost is $9,282, and income from sale of the calls is $359 and includes your commissions. Actual return if called at expiration is 22.4%.	$359	$9,282	$50,025
Buy 600 shares of IMAX (IMAX) at $14.76 (closing last trade price) and sell 6 call Out-of-the-Money contracts of IMAX1117I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $8,876, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 21.1%.	$251	$8,876	$41,149
Buy 1000 shares of HARVEST NATURAL RESOURCES (HNR) at $9.12 (closing last trade price) and sell 10 call Out-of-the-Money contracts of HNR1117I12.5 (Sep$12.50) at $0.30 (closing bid price) expiring on 9/17/2011. Cost is $9,140, and income from sale of the calls is $275 and includes your commissions. Actual return if called at expiration is 39.8%.	$275	$9,140	$32,009
Buy 600 shares of MOMENTA PHARMACEUTICALS (MNTA) at $16.26 (closing last trade price) and sell 6 call Out-of-the-Money contracts of MNTA1117I20 (Sep$20.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,776, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 25.3%.	$251	$9,776	$22,233
Buy 300 shares of VERIFONE SYSTEMS (PAY) at $31.66 (closing last trade price) and sell 3 call Out-of-the-Money contracts of PAY1117I40 (Sep$40.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,518, and income from sale of the calls is $121 and includes your commissions. Actual return if called at expiration is 27.3%.	$121	$9,518	$12,715
Buy 800 shares of RUBICON TECHNOLOGY (RBCN) at $12.16 (closing last trade price) and sell 8 call Out-of-the-Money contracts of RBCN1117I15 (Sep$15.00) at $0.25 (closing bid price) expiring on 9/17/2011. Cost is $9,748, and income from sale of the calls is $178 and includes your commissions. Actual return if called at expiration is 24.9%.	$178	$9,748	$2,967
Totals for August:	$2,211	$72,408	$2,967
Taking $2,000 out as income total leaves $211 that will be added to the cash balance:			$3,178
Portfolio value at September expiration (September 17) is $101,631* after $16,000 taken as income in eight months. Total return including income is *$117,631, up** 17.6% The S&P500 average for the year so far is down (5.2%).