Investment Enhancing Systems, Inc. – Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for December 2007

NOTE: We had temporarily suspended out get-out rule (at -15%) between July 25 and September 22, 2007 because of the volatility in the markets. We have reinstated the get-out rule effective September 22 (expiration weekend). Any open positions on any list or portfolio will be sold if their price drops 15% below the stock price at September 22.

	Income*	Cost*	Balance
From November:			$402
From Conservative "Stocks-to-Consider" for September 22, 2007 and putting $10,000 into the money available field.
400 shares of RYL purchased in September at $23.98 and sell 4 contracts of RYL JE (Oct$25.00) at $1.25 expiring on 10/20/2007. Not called in October. Price at $23.91 and Value at $9,564 on 10/20/2007. Will now sell Nov27.5 at $0.60. Note that we have raised the strike price. Not called in November. Price at $25.97 and Value at $10,388 on 11/17/2007. Will now sell Nov27.5 at $1.25. Exercised get-out price at $20.38 (-15%) on November 26 after buying back calls at $0.05. Proceeds $8,132 after commission.	($36)		$8,534
Buy 400 shares of SKX purchased in September at $22.14 and sell 4 contracts of SKX JX (Oct$22.50) at $1.10 expiring on 10/20/2007. Not called in October. Price at $20.95 and Value at $8,380 on 10/20/2007. Will now sell Nov22.5 at $0.90. Not called in November. Price at $20.69 and Value at $8,276 on 11/17/2007. Will now sell Nov22.5 at $0.70. Not called in December. Price at $20.18 and Value at $8,072 on 12/22/2007. Will now sell Jan22.5 at $0.30.	$104		$8,534
From Conservative "Stocks-to-Consider" for October 20, 2007 and putting $10,000 into the money available field.
400 shares of NFLX purchased in October at $23.24 and sell 4 contracts of QNQ KE (Nov$25.00) at $1.10expiring on 11/17/2007. Not called in November. Price at $23.80 and Value at $9,520 on 11/17/2007. Will now sell Nov25 at $0.75. Called in December at $25.00. Proceeds $9,980 after commission.			$18,514
400 shares of IDCC purchased in October at $21.09 and sell 4 contracts of DAQ KX (Nov$22.50) at $1.10 expiring on 11/17/2007. Not called in November. Price at $21.42 and Value at $8,568 on 11/17/2007. Will now sell Nov22.5 at $0.95. Exercised get-out price at $17.93 (-15%) on December 16 after buying back calls at $0.05. Proceeds $7,152 after commission.	($36)		$26,666
800 shares of STMP purchased in October at $11.95 and sell 8 contracts of JXQ KV (Nov$12.50) at $0.55 expiring on 11/17/2007. Not called in November. Price at $12.50 and Value at $10,000 on 11/17/2007. Will now sell Nov12.5 at $0.60. Called in December at $12.50. Proceeds $9,980 after commission.			$35,646
From Conservative "Stocks-to-Consider" for November 17, 2007 and putting $10,000 into the money available field.
800 shares of CFC at $12.07 and sell 8 contracts of CFC LC (Dec$15.00) at $0.35 expiring on 12/22/2007. Exercised get-out price at $10.26 (-15%) on November 20 after buying back calls at $0.05. Proceeds $8,188 after commission	($42)		$43,834
Buy 400 shares of VCLK at $22.23 (closing last trade price) and sell 4 contracts of QCS LX (Dec$22.50) at $1.75 (closing bid price) expiring on 12/22/2007. Called in December at $22.50. Proceeds $8,980 after commission.			$52,814
From Conservative "Stocks-to-Consider" for December 22, 2007 and putting $10,000 into the money available field.
Buy 700 shares of PMI at $13.14 (closing last trade price) and sell 7 contracts of PMI AC (Jan$15.00) at $0.75 (closing bid price) expiring on 1/19/2008.	$505	$9,218	$43,596
Buy 600 shares of LCC at $15.40 (closing last trade price) and sell 6 contracts of LCC AW (Jan$17.50) at $0.65 (closing bid price) expiring on 1/19/2008.	$371	$9,260	$34,336
Buy 700 shares of IMMR at $13.80 (closing last trade price) and sell 7 contracts of IMU AC (Jan$15.00) at $0.55 (closing bid price) expiring on 1/19/2008	$365	$9,680	$24,656
Buy 500 shares of PMTI at $18.77 (closing last trade price) and sell 5 contracts of HKQ AD (Jan$20.00) at $1.00 (closing bid price) expiring on 1/19/2008.	$483	$9,405	$15,251
Buy 300 shares of JOSB at $27.93 (closing last trade price) and sell 3 contracts of QZS AF (Jan$30.00) at $1.05 (closing bid price) expiring on 1/19/2008.	$301	$8,399	$6,852
Buy 300 shares of URI at $17.91 (closing last trade price) and sell 3 contracts of URI AX (Jan$22.50) at $0.50 (closing bid price) expiring on 1/19/2008.	$136	$5,393	$1,459
Totals for December:	$2,151		$1,459
Portfolio value at November 17, 2007 is $60,766 after $2,151 taken as income .
Closeout of positions held at the end of December.
Buy 400 shares of SKX purchased in September at $22.14 and sell 4 contracts of SKX JX (Oct$22.50) at $1.10 expiring on 10/20/2007. Not called in October. Price at $20.95 and Value at $8,380 on 10/20/2007. Will now sell Nov22.5 at $0.90. Not called in November. Price at $20.69 and Value at $8,276 on 11/17/2007. Will now sell Nov22.5 at $0.70. Not called in December. Price at $20.18 and Value at $8,072 on 12/22/2007. Will now sell Jan22.5 at $0.30. Exercised get-out price at $18.82 (-15%) on January 3 after buying back calls at $0.05. Proceeds $7,508 after commission	($36)		$8,931
700 shares of PMI purchased in December at $13.14 and sell 7 contracts of PMI AC (Jan$15.00) at $0.75 expiring on 1/19/2008. Exercised get-out price at $11.17 (-15%) on January 9 after buying back calls at $0.05. Proceeds $7,799 after commission.	($56)		$16,674
600 shares of LCC purchased in December at $15.40 and sell 6 contracts of LCC AW (Jan$17.50) at $0.65 expiring on 1/19/2008. Exercised get-out price at $13.09 (-15%) on January 3 after buying back calls at $0.05. Proceeds $7,834 after commission.	($49)		$24,459
700 shares of IMMR purchased in December at $13.80 and sell 7 contracts of IMU AC (Jan$15.00) at $0.55 expiring on 1/19/2008. Exercised get-out price at $11.73 (-15%) on January 4 after buying back calls at $0.05. Proceeds $8,191 after commission.	($56)		$32,594
500 shares of PMTI purchased in December at $18.77 and sell 5 contracts of HKQ AD (Jan$20.00) at $1.00 expiring on 1/19/2008. Exercised get-out price at $15.95 (-15%) on December 24 after buying back calls at $0.05. Proceeds $7,955 after commission.	($43)		$40,506
300 shares of JOSB purchased in December at $27.93 and sell 3 contracts of QZS AF (Jan$30.00) at $1.05 (expiring on 1/19/2008. Exercised get-out price at $23.74 (-15%) on January 11 after buying back calls at $0.05. Proceeds $7,102 after commission.	($30)		$47,578
300 shares of URI purchased in December at $17.91 and sell 3 contracts of URI AX (Jan$22.50) at $0.50 expiring on 1/19/2008. Not called in December. Price at $16.02 and Value at $4,786 on 1/19/2008. Sold all shares at $16.02 to close out position. Proceeds $X,XXX after commission.			$52,364
Portfolio value at December 19, 2008 is $52,364 after $23,873 was taken as income during the year.

*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 in January 2007, 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 2007. Since it is a retirement portfolio, we take the premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price. Our objective is to maintain and grow the portfolio while maintaining a monthly income of over $2000. 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.

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