Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

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

from December:

$3,247

From Conservative "Stocks-to-Consider" for August 21, 2010 and putting $10,000 into the money available field.

Buy 700 shares of AK STEEL HOLDING CORP (AKS) at $13.46 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AKS1018I15 (Sep$15.00) at $0.34 (closing bid price) expiring on 9/18/2010. Cost is $9,442, and income from sale of the calls is $218 and includes your commissions.   Actual return if called at expiration is 13.5%. Not called on September 18. Will now sell Oct15 at $0.35. Price at $13.84 and value at $10,130, up 7.3%, including sale of all calls. Not called on October 16. Will now sell Nov15 at $0.41. Price at $14.00 and value at $10,508, up 11.3%, including sale of all calls. Not called on November 20. Will now sell Dec14 at $0.40. Note that we have lowered the strike but it is still above the purchase price. Price at $13.28 and value at $10,264, up 8.7%, including sale of all calls. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,748, up 13.8%.
$3,247

From Conservative "Stocks-to-Consider" for September 18, 2010 and putting $10,000 into the money available field.

Buy 400 shares of LINCOLN NATIONAL (LNC) at $24.56 (closing last trade price) and sell 4 call Out-of-the-Money contracts of LNC1016J27 (Oct$27.00) at $0.39 (closing bid price) expiring on 10/16/2010. Cost is $9,844, and income from sale of the calls is $140 and includes your commissions.   Actual return if called at expiration is 11.1%. Not called on October 16. Will now sell Nov27 at $0.63. Price at $25.09 and value at $10,412, up 5.8%, including sale of all calls. Not called on November 20. Will now sell Dec25 at $0.80. Note that we have lowered the strike proce but it is still above the purchase price. Price at $24.52 and value at $10,488, up 6.5%, including sale of all calls. Called on December 18 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,660, up 8.3%.
$3,247

Buy 700 shares of AK STEEL HOLDING CORP (AKS) at $13.84 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AKS1016J15 (Oct$15.00) at $0.35 (closing bid price) expiring on 10/16/2010. Cost is $9,708, and income from sale of the calls is $225 and includes your commissions.   Actual return if called at expiration is 10.5%. Not called on October 16. Will now sell Nov15 at $0.41. Price at $14.00 and value at $10,291, up 6.0%, including sale of all calls. Not called on November 20. Will now sell Dec14 at $0.40. Note that we have lowered the strike but it is still above the purchase price. Price at $13.28 and value at $10,047, up 3.5%, including sale of all calls. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,531, up 8.5%.
$3,247

Buy 500 shares of REGIS CORP (RGS) at $18.55 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RGS1016J20 (Oct$20.00) at $0.50 (closing bid price) expiring on 10/16/2010. Cost is $9,295, and income from sale of the calls is $233 and includes your commissions.   Actual return if called at expiration is 10.1%. Not called on October 16. Will now sell Nov20 at $0.95. Price at $19.45 and value at $10,415, up 12.1%, including sale of all calls. Not called on November 20. Will now sell Dec20 at $0.65. Price at $18.68 and value at $10,338, up 11.2%, including sale of all calls. Not called on December 18. Price at $16.28 and value at $9,138, down (1.7%), including sale of all calls. Price dipped below get-out on December 17 but rebounded. Sold all shares at $16.28 on December 18 to close out position. Proceeds $8,120 after commission.
$3,247

From Conservative "Stocks-to-Consider" for October 16, 2010 and putting $10,000 into the money available field.

Buy 800 shares of H & R BLOCK(HRB) at $12.36 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HRB1020K13 (Nov$13.00) at $0.70 (closing bid price) expiring on 11/20/2010. Cost is $9,908, and income from sale of the calls is $538 and includes your commissions.   Actual return if called at expiration is 10.4%. Not called on November 20. Will now sell Dec13 at $0.45. Price at $12.56 and value at $10,924, up 10.3%, including sale of all calls.Not called on December 18. Will now sell Jan14 at $0.25. Note that we have raised the strike price. Price at $12.99 and value at $11,446, up 15.5%, including sale of all calls. Not called on January 22. Price at $13.78 and value at $12,078, up 21.9%, including sale of all calls. Sold all shares at $13.78 to close out position for 2010. Proceeds $11,004 after commission.
$14,251

Buy 700 shares of FED AGRICULTURAL MTGE K(AGM) at $12.58 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AGM1020K15 (Nov$15.00) at $0.45 (closing bid price) expiring on 11/20/2010. Cost is $8,826, and income from sale of the calls is $295 and includes your commissions.   Actual return if called at expiration is 22.3%. Not called on November 20. Will now sell Dec15 at $0.85. Price at $14.95 and value at $11,337, up 28.4%, including sale of all calls. Called on December 18 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $11,349, up 28.6%.
$14,251

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

Buy 400 shares of HARTFORD FIN SRVCS GRP(HIG) at $23.57 (closing last trade price) and sell 4 call Out-of-the-Money contracts of HIG1018L25 (Dec$25.00) at $0.43 (closing bid price) expiring on 12/18/2010. Cost is $9,448, and income from sale of the calls is $156 and includes your commissions.   Actual return if called at expiration is 7.5%. Called on December 18 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,136, up 7.3%.
$14,251

Buy 300 shares of J.C. PENNEY(JCP) at $32.13 (closing last trade price) and sell 3 call Out-of-the-Money contracts of JCP1018L34 (Dec$34.00) at $0.71 (closing bid price) expiring on 12/18/2010. Cost is $9,659, and income from sale of the calls is $199 and includes your commissions.   Actual return if called at expiration is 7.7%. Not called on December 18. Will now sell Jan35 at $0.75. Note that we have raised the strike price. Price at $33.70 and value at $10,519, up 8.9%, including sale of all calls. Not called on January 22. Price at $30.34 and value at $9,511,down (1.5%), including sale of all calls. Sold all shares at $30.34 to close out position for 2010. Proceeds $9,082 after commission.
$23,333

Buy 300 shares of AVON(AVP) at $29.23 (closing last trade price) and sell 3 call Out-of-the-Money contracts of AVP1018L31 (Dec$31.00) at $0.50 (closing bid price) expiring on 12/18/2010. Cost is $8,789, and income from sale of the calls is $136 and includes your commissions.   Actual return if called at expiration is 7.4%. Not called on December 18. Will now sell Jan31 at $0.35. Price at $28.84 and value at $8,878, up 1.0%, including sale of all calls. Not called on January 22. Price at $28.72 and value at $8,842, up 0.6%, including sale of all calls. Sold all shares at $28.72 to close out position for 2010. Proceeds $8,596 after commission.
$31,929

Buy 200 shares of ARCELORMITTAL(MT) at $34.23 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MT1018L36 (Dec$36.00) at $0.70 (closing bid price) expiring on 12/18/2010. Cost is $6,866, and income from sale of the calls is $127 and includes your commissions.   Actual return if called at expiration is 6.7%. Called on December 18 at $36.00. Proceeds $7,180 after commission. Total return including call premium is $7,307, up 6.4%.
$31,929

From Conservative "Stocks-to-Consider" for December 18, 2010 and putting $10,000 into the money available field.

Buy 500 shares of LENNAR (LEN) at $17.32  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of LEN1122A19 (Jan$19.00) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is $8,680, and income from sale of the calls is $108 and includes your commissions.   Actual return if called at expiration is 10.7%. Called on January 22 at $19.00. Proceeds $9,480 after commission. Total return including call premium is $9,588, up 10.5%. $41,409

Buy 200 shares of MESABI TRUST (MSB) at $46.88  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of MSB1122A50 (Jan$50.00) at $2.35 (closing bid price) expiring on 1/22/2011. Cost is$9,396, and income from sale of the calls is $457 and includes your commissions.   Actual return if called at expiration is 11.3% Exercised get-out price at $39.85 (-15%) on December 30 after buying back calls at $0.05. Proceeds $7,950 after commission. Final value including sale of all calls is $8,404, down (10.6%). $49,359

Buy 500 shares of CNINSURE ADR (CISG) at $16.78  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of CISG1122A17.5 (Jan$17.50) at $0.95 (closing bid price) expiring on 1/22/2011. Cost is $8,410, and income from sale of the calls is $458 and includes your commissions.   Actual return if called at expiration is 9.5%. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,748, up 13.8%. $59,139

Buy 700 shares of H & R BLOCK (HRB) at $12.99  (closing last trade price) and sell 7 call  Out-of-the-Money contracts of HRB1122A14 (Jan$14.00) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is$9,113, and income from sale of the calls is $155 and includes your commissions.   Actual return if called at expiration is 9.2%. Not called on January 22. Price at $13.78 and value at $9,801, up 7.5%, including sale of all calls. Sold all shares at $13.78 to close out position for 2010. Proceeds $9,626 after commission. $68,765

Buy 600 shares of REGIS CORP (RGS) at $16.28  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of RGS1122A17.5 (Jan$17.50) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is$9,788, and income from sale of the calls is $131 and includes your commissions.   Actual return if called at expiration is 8.6%. Not called on January 22. Price at $17.38 and value at $10,559, up 7.9%, including sale of all calls. Sold all shares at $17.38 to close out position for 2010. Proceeds $10,408 after commission. $79,173

Buy 500 shares of ASSURED GUARANTY (AGO) at $18.86  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of AGO1122A20 (Jan$20.00) at $0.45 (closing bid price) expiring on 1/22/2011. Cost is $9,450, and income from sale of the calls is $208 and includes your commissions.   Actual return if called at expiration is 8.0%.Not called on January 22. Price at $17.06 and value at $8,738,down (7.5%), including sale of all calls. Sold all shares at $17.06 to close out position for 2010. Proceeds $8,510 after commission.
$87,683

Buy 200 shares of CAPITAL ONE FINANCIAL (COF) at $40.49  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of COF1122A43 (Jan$43.00) at $0.69 (closing bid price) expiring on1/22/2011. Cost is $8,118, and income from sale of the calls is $125 and includes your commissions.   Actual return if called at expiration is 7.5%. Called on January 22 at $43.00. Proceeds $8,580 after commission. Total return including call premium is $8,705, up 7.2%. $96,263

Total for 2010:
$96,263

Portfolio value at January 22, 2011 is $96,263* after $24,000 taken as income in twelve months. Total return including income is $120,263*, up 20.0% for 2010. The S&P500 average was up 13.0% for the same period.

*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 December:			$3,247
From Conservative "Stocks-to-Consider" for August 21, 2010 and putting $10,000 into the money available field.
Buy 700 shares of AK STEEL HOLDING CORP (AKS) at $13.46 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AKS1018I15 (Sep$15.00) at $0.34 (closing bid price) expiring on 9/18/2010. Cost is $9,442, and income from sale of the calls is $218 and includes your commissions. Actual return if called at expiration is 13.5%. Not called on September 18. Will now sell Oct15 at $0.35. Price at $13.84 and value at $10,130, up 7.3%, including sale of all calls. Not called on October 16. Will now sell Nov15 at $0.41. Price at $14.00 and value at $10,508, up 11.3%, including sale of all calls. Not called on November 20. Will now sell Dec14 at $0.40. Note that we have lowered the strike but it is still above the purchase price. Price at $13.28 and value at $10,264, up 8.7%, including sale of all calls. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,748, up 13.8%.			$3,247
From Conservative "Stocks-to-Consider" for September 18, 2010 and putting $10,000 into the money available field.
Buy 400 shares of LINCOLN NATIONAL (LNC) at $24.56 (closing last trade price) and sell 4 call Out-of-the-Money contracts of LNC1016J27 (Oct$27.00) at $0.39 (closing bid price) expiring on 10/16/2010. Cost is $9,844, and income from sale of the calls is $140 and includes your commissions. Actual return if called at expiration is 11.1%. Not called on October 16. Will now sell Nov27 at $0.63. Price at $25.09 and value at $10,412, up 5.8%, including sale of all calls. Not called on November 20. Will now sell Dec25 at $0.80. Note that we have lowered the strike proce but it is still above the purchase price. Price at $24.52 and value at $10,488, up 6.5%, including sale of all calls. Called on December 18 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,660, up 8.3%.			$3,247
Buy 700 shares of AK STEEL HOLDING CORP (AKS) at $13.84 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AKS1016J15 (Oct$15.00) at $0.35 (closing bid price) expiring on 10/16/2010. Cost is $9,708, and income from sale of the calls is $225 and includes your commissions. Actual return if called at expiration is 10.5%. Not called on October 16. Will now sell Nov15 at $0.41. Price at $14.00 and value at $10,291, up 6.0%, including sale of all calls. Not called on November 20. Will now sell Dec14 at $0.40. Note that we have lowered the strike but it is still above the purchase price. Price at $13.28 and value at $10,047, up 3.5%, including sale of all calls. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,531, up 8.5%.			$3,247
Buy 500 shares of REGIS CORP (RGS) at $18.55 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RGS1016J20 (Oct$20.00) at $0.50 (closing bid price) expiring on 10/16/2010. Cost is $9,295, and income from sale of the calls is $233 and includes your commissions. Actual return if called at expiration is 10.1%. Not called on October 16. Will now sell Nov20 at $0.95. Price at $19.45 and value at $10,415, up 12.1%, including sale of all calls. Not called on November 20. Will now sell Dec20 at $0.65. Price at $18.68 and value at $10,338, up 11.2%, including sale of all calls. Not called on December 18. Price at $16.28 and value at $9,138, down (1.7%), including sale of all calls. Price dipped below get-out on December 17 but rebounded. Sold all shares at $16.28 on December 18 to close out position. Proceeds $8,120 after commission.			$3,247
From Conservative "Stocks-to-Consider" for October 16, 2010 and putting $10,000 into the money available field.
Buy 800 shares of H & R BLOCK(HRB) at $12.36 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HRB1020K13 (Nov$13.00) at $0.70 (closing bid price) expiring on 11/20/2010. Cost is $9,908, and income from sale of the calls is $538 and includes your commissions. Actual return if called at expiration is 10.4%. Not called on November 20. Will now sell Dec13 at $0.45. Price at $12.56 and value at $10,924, up 10.3%, including sale of all calls.Not called on December 18. Will now sell Jan14 at $0.25. Note that we have raised the strike price. Price at $12.99 and value at $11,446, up 15.5%, including sale of all calls. Not called on January 22. Price at $13.78 and value at $12,078, up 21.9%, including sale of all calls. Sold all shares at $13.78 to close out position for 2010. Proceeds $11,004 after commission.			$14,251
Buy 700 shares of FED AGRICULTURAL MTGE K(AGM) at $12.58 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AGM1020K15 (Nov$15.00) at $0.45 (closing bid price) expiring on 11/20/2010. Cost is $8,826, and income from sale of the calls is $295 and includes your commissions. Actual return if called at expiration is 22.3%. Not called on November 20. Will now sell Dec15 at $0.85. Price at $14.95 and value at $11,337, up 28.4%, including sale of all calls. Called on December 18 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $11,349, up 28.6%.			$14,251
From Conservative "Stocks-to-Consider" for November 20, 2010 and putting $10,000 into the money available field.
Buy 400 shares of HARTFORD FIN SRVCS GRP(HIG) at $23.57 (closing last trade price) and sell 4 call Out-of-the-Money contracts of HIG1018L25 (Dec$25.00) at $0.43 (closing bid price) expiring on 12/18/2010. Cost is $9,448, and income from sale of the calls is $156 and includes your commissions. Actual return if called at expiration is 7.5%. Called on December 18 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,136, up 7.3%.			$14,251
Buy 300 shares of J.C. PENNEY(JCP) at $32.13 (closing last trade price) and sell 3 call Out-of-the-Money contracts of JCP1018L34 (Dec$34.00) at $0.71 (closing bid price) expiring on 12/18/2010. Cost is $9,659, and income from sale of the calls is $199 and includes your commissions. Actual return if called at expiration is 7.7%. Not called on December 18. Will now sell Jan35 at $0.75. Note that we have raised the strike price. Price at $33.70 and value at $10,519, up 8.9%, including sale of all calls. Not called on January 22. Price at $30.34 and value at $9,511,down (1.5%), including sale of all calls. Sold all shares at $30.34 to close out position for 2010. Proceeds $9,082 after commission.			$23,333
Buy 300 shares of AVON(AVP) at $29.23 (closing last trade price) and sell 3 call Out-of-the-Money contracts of AVP1018L31 (Dec$31.00) at $0.50 (closing bid price) expiring on 12/18/2010. Cost is $8,789, and income from sale of the calls is $136 and includes your commissions. Actual return if called at expiration is 7.4%. Not called on December 18. Will now sell Jan31 at $0.35. Price at $28.84 and value at $8,878, up 1.0%, including sale of all calls. Not called on January 22. Price at $28.72 and value at $8,842, up 0.6%, including sale of all calls. Sold all shares at $28.72 to close out position for 2010. Proceeds $8,596 after commission.			$31,929
Buy 200 shares of ARCELORMITTAL(MT) at $34.23 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MT1018L36 (Dec$36.00) at $0.70 (closing bid price) expiring on 12/18/2010. Cost is $6,866, and income from sale of the calls is $127 and includes your commissions. Actual return if called at expiration is 6.7%. Called on December 18 at $36.00. Proceeds $7,180 after commission. Total return including call premium is $7,307, up 6.4%.			$31,929
From Conservative "Stocks-to-Consider" for December 18, 2010 and putting $10,000 into the money available field.
Buy 500 shares of LENNAR (LEN) at $17.32 (closing last trade price) and sell 5 call Out-of-the-Money contracts of LEN1122A19 (Jan$19.00) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is $8,680, and income from sale of the calls is $108 and includes your commissions. Actual return if called at expiration is 10.7%. Called on January 22 at $19.00. Proceeds $9,480 after commission. Total return including call premium is $9,588, up 10.5%.			$41,409
Buy 200 shares of MESABI TRUST (MSB) at $46.88 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MSB1122A50 (Jan$50.00) at $2.35 (closing bid price) expiring on 1/22/2011. Cost is$9,396, and income from sale of the calls is $457 and includes your commissions. Actual return if called at expiration is 11.3% Exercised get-out price at $39.85 (-15%) on December 30 after buying back calls at $0.05. Proceeds $7,950 after commission. Final value including sale of all calls is $8,404, down (10.6%).			$49,359
Buy 500 shares of CNINSURE ADR (CISG) at $16.78 (closing last trade price) and sell 5 call Out-of-the-Money contracts of CISG1122A17.5 (Jan$17.50) at $0.95 (closing bid price) expiring on 1/22/2011. Cost is $8,410, and income from sale of the calls is $458 and includes your commissions. Actual return if called at expiration is 9.5%. Called on December 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,748, up 13.8%.			$59,139
Buy 700 shares of H & R BLOCK (HRB) at $12.99 (closing last trade price) and sell 7 call Out-of-the-Money contracts of HRB1122A14 (Jan$14.00) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is$9,113, and income from sale of the calls is $155 and includes your commissions. Actual return if called at expiration is 9.2%. Not called on January 22. Price at $13.78 and value at $9,801, up 7.5%, including sale of all calls. Sold all shares at $13.78 to close out position for 2010. Proceeds $9,626 after commission.			$68,765
Buy 600 shares of REGIS CORP (RGS) at $16.28 (closing last trade price) and sell 6 call Out-of-the-Money contracts of RGS1122A17.5 (Jan$17.50) at $0.25 (closing bid price) expiring on 1/22/2011. Cost is$9,788, and income from sale of the calls is $131 and includes your commissions. Actual return if called at expiration is 8.6%. Not called on January 22. Price at $17.38 and value at $10,559, up 7.9%, including sale of all calls. Sold all shares at $17.38 to close out position for 2010. Proceeds $10,408 after commission.			$79,173
Buy 500 shares of ASSURED GUARANTY (AGO) at $18.86 (closing last trade price) and sell 5 call Out-of-the-Money contracts of AGO1122A20 (Jan$20.00) at $0.45 (closing bid price) expiring on 1/22/2011. Cost is $9,450, and income from sale of the calls is $208 and includes your commissions. Actual return if called at expiration is 8.0%.Not called on January 22. Price at $17.06 and value at $8,738,down (7.5%), including sale of all calls. Sold all shares at $17.06 to close out position for 2010. Proceeds $8,510 after commission.			$87,683
Buy 200 shares of CAPITAL ONE FINANCIAL (COF) at $40.49 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COF1122A43 (Jan$43.00) at $0.69 (closing bid price) expiring on1/22/2011. Cost is $8,118, and income from sale of the calls is $125 and includes your commissions. Actual return if called at expiration is 7.5%. Called on January 22 at $43.00. Proceeds $8,580 after commission. Total return including call premium is $8,705, up 7.2%.			$96,263
Total for 2010:			$96,263
Portfolio value at January 22, 2011 is $96,263* after $24,000 taken as income in twelve months. Total return including income is *$120,263, up** 20.0% for 2010. The S&P500 average was up 13.0% for the same period.