Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for February 20, 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 January:

$7,569

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

Buy 1100 shares of GOVERNOR & CO BK IRELAND (IRE) at $8.68 (closing last trade price) and sell 11 call Out-of-the-Money contracts of IRE BB (Feb$10.00) at $0.35 (closing bid price) expiring on 2/20/2010. Cost is $9,568, and income from sale of the calls is $359 and includes your commissions. Annualized return if called is 190%.
Exercised get-out price at $7.38 (-15%) on January 19 after buying back calls at $0.05. Proceeds $8,098 after commission. Final value including sale of all calls is $8,395, down (12.3%).

$15,667

Buy 500 shares of BARNES & NOBLE INC (BKS) at $17.98 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BKS BD (Feb$20.00) at $0.30 (closing bid price) expiring on 2/20/2010. Cost is $9,010, and income from sale of the calls is $133 and includes your commissions. Annualized return if called is 126%.

Called on February 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,113, up 12.2%.
$25,647

Buy 1400 shares of FEDERAL AGRI MTG CL C (AGM) at $7.03 (closing last trade price) and sell 14 call Out-of-the-Money contracts of AGM BU (Feb$7.50) at $0.30 (closing bid price) expiring on 2/20/2010. Cost is $9,862, and income from sale of the calls is $389 and includes your commissions. Annualized return if called is 106%.

Called on February 20 at $7.50. Proceeds $10,480 after commission. Total return including call premium is $10,805, up 9.6%.
$36,127

Buy 300 shares of MACERICH CO THE (MAC) at $32.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MAC BG (Feb$35.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,854, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 91%.

Not called on February 20. Will now sell Mar35 at $0.80. Price at $33.64 and value at $10,228,up 7.1% including sale of all calls.
$226 $36,127

Buy 200 shares of MEAD JOHNSON NUTRITION (MJN) at $46.81 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MJN BJ (Feb$50.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,382, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%.

Not called on February 20. Will now sell Mar50 at $0.80. Price at $46.78 and value at $9,660,up 3.0% including sale of all calls.
$147 $36,127

Buy 400 shares of MENS WEARHOUSE INC THE (MW) at $21.22 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MW BX (Feb$22.50) at $0.40 (closing bid price) expiring on 2/20/2010. Cost is $8,508, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 76%.

Not called on February 20. Will now sell Mar22.5 at $0.35. Price at $20.77 and value at $8,576,up 0.8% including sale of all calls.
$124 $36,127

Buy 400 shares of CORPORATE EXEC BOARD CO (EXBD) at $24.40 (closing last trade price) and sell 4 call Out-of-the-Money contracts of EBU BE (Feb$25.00) at $1.20 (closing bid price) expiring on 2/20/2010. Cost is $9,780, and income from sale of the calls is $464 and includes your commissions. Annualized return if called is 71%.

Exercised get-out price at $20.74 (-15%) on February 10 after buying back calls at $0.05. Proceeds $8,276 after commission. Final value including sale of all calls is $8,724, down (10.8%).
$44,403

Buy 400 shares of PENN VIRGINIA CORP (PVA) at $24.23 (closing last trade price) and sell 4 call Out-of-the-Money contracts of PVA BE (Feb$25.00) at $0.95 (closing bid price) expiring on 2/20/2010. Cost is $9,712, and income from sale of the calls is $364 and includes your commissions. Annualized return if called is 68%.

Called on February 20 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,344, up 6.5%.
$54,383

Buy 200 shares of TUPPERWARE BRANDS CORP (TUP) at $44.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TUP BI (Feb$45.00) at $1.85 (closing bid price) expiring on 2/20/2010. Cost is $8,848, and income from sale of the calls is $357 and includes your commissions. Annualized return if called is 58%.

Called on February 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,337, up 5.5%.
$63,393

Buy 200 shares of RELIANCE STEEL & ALUM CO (RS) at $44.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RS BI (Feb$45.00) at $2.05 (closing bid price) expiring on 2/20/2010. Cost is $8,912, and income from sale of the calls is $397 and includes your commissions. Annualized return if called is 55%.

Not called on February 20. Will now sell Mar22.5 at $1.30. Price at $44.02 and value at $9,448,up 6.0% including sale of all calls.
$247 $63,393

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

Buy 400 shares of NUTRISYSTEM INC (NTRI) at $20.54 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NSI1020C22.5 (Mar$22.50) at $0.65 (closing bid price) expiring on 3/20/2010. Cost is $8,236, and income from sale of the calls is $244 and includes your commissions. Annualized return if called is 154%.
$244 $8,236 $55,127

Buy 500 shares of TEMPLE INLAND INC (TIN) at $19.12 (closing last trade price) and sell 5 call Out-of-the-Money contracts of TIN1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,580, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 92%.
$283 $9,580 $45,547

Buy 400 shares of WORLD FUEL SERVICES CORP (INT) at $23.96 (closing last trade price) and sell 4 call Out-of-the-Money contracts of INT1020C25 (Mar$25.00) at $0.70 (closing bid price) expiring on 3/20/2010. Cost is $9,604, and income from sale of the calls is $264 and includes your commissions. Annualized return if called is 87%.
$264 $9,604 $35,943

Buy 500 shares of BARCLAYS PLC ADR (BCS) at $19.33 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BCS1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,685, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 78%.
$283 $9,685 $26,258

Buy 200 shares of CREDIT SUISSE GROUP ADS (CS) at $43.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CS1020C45 (Mar$45.00) at $1.45 (closing bid price) expiring on 3/20/2010. Cost is $8,778, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 72%.
$277 $8,778 $17,480

Buy 200 shares of HELMERICH & PAYNE INC (HP) at $43.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1020C45 (Mar$45.00) at $1.05 (closing bid price) expiring on 3/20/2010. Cost is $8,802, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 56%.
$197 $8,802 $8,678

Buy 500 shares of OLIN CORPORATION (OLN) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OLN1020C17.5 (Mar$17.50) at $0.35 (closing bid price) expiring on 3/20/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions. Annualized return if called is 41%.
$158 $8,630 $48

Totals for February:
$2,450 $63,315 $48

Taking $2,000 out as income total leaves $450 that will be added to cash balance:
$498

Portfolio value at Feruary 20, 2010 is $103,620* after $4,000 taken as income in one months. Total return including income is $107,620*, up 7.6% The S&P500 average for the year so far is down (2.4%).

*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 January:			$7,569
From Conservative "Stocks-to-Consider" for January 16, 2010 and putting $10,000 into the money available field.
Buy 1100 shares of GOVERNOR & CO BK IRELAND (IRE) at $8.68 (closing last trade price) and sell 11 call Out-of-the-Money contracts of IRE BB (Feb$10.00) at $0.35 (closing bid price) expiring on 2/20/2010. Cost is $9,568, and income from sale of the calls is $359 and includes your commissions. Annualized return if called is 190%. Exercised get-out price at $7.38 (-15%) on January 19 after buying back calls at $0.05. Proceeds $8,098 after commission. Final value including sale of all calls is $8,395, down (12.3%).			$15,667
Buy 500 shares of BARNES & NOBLE INC (BKS) at $17.98 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BKS BD (Feb$20.00) at $0.30 (closing bid price) expiring on 2/20/2010. Cost is $9,010, and income from sale of the calls is $133 and includes your commissions. Annualized return if called is 126%. Called on February 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,113, up 12.2%.			$25,647
Buy 1400 shares of FEDERAL AGRI MTG CL C (AGM) at $7.03 (closing last trade price) and sell 14 call Out-of-the-Money contracts of AGM BU (Feb$7.50) at $0.30 (closing bid price) expiring on 2/20/2010. Cost is $9,862, and income from sale of the calls is $389 and includes your commissions. Annualized return if called is 106%. Called on February 20 at $7.50. Proceeds $10,480 after commission. Total return including call premium is $10,805, up 9.6%.			$36,127
Buy 300 shares of MACERICH CO THE (MAC) at $32.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MAC BG (Feb$35.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,854, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 91%. Not called on February 20. Will now sell Mar35 at $0.80. Price at $33.64 and value at $10,228,up 7.1% including sale of all calls.	$226		$36,127
Buy 200 shares of MEAD JOHNSON NUTRITION (MJN) at $46.81 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MJN BJ (Feb$50.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,382, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%. Not called on February 20. Will now sell Mar50 at $0.80. Price at $46.78 and value at $9,660,up 3.0% including sale of all calls.	$147		$36,127
Buy 400 shares of MENS WEARHOUSE INC THE (MW) at $21.22 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MW BX (Feb$22.50) at $0.40 (closing bid price) expiring on 2/20/2010. Cost is $8,508, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 76%. Not called on February 20. Will now sell Mar22.5 at $0.35. Price at $20.77 and value at $8,576,up 0.8% including sale of all calls.	$124		$36,127
Buy 400 shares of CORPORATE EXEC BOARD CO (EXBD) at $24.40 (closing last trade price) and sell 4 call Out-of-the-Money contracts of EBU BE (Feb$25.00) at $1.20 (closing bid price) expiring on 2/20/2010. Cost is $9,780, and income from sale of the calls is $464 and includes your commissions. Annualized return if called is 71%. Exercised get-out price at $20.74 (-15%) on February 10 after buying back calls at $0.05. Proceeds $8,276 after commission. Final value including sale of all calls is $8,724, down (10.8%).			$44,403
Buy 400 shares of PENN VIRGINIA CORP (PVA) at $24.23 (closing last trade price) and sell 4 call Out-of-the-Money contracts of PVA BE (Feb$25.00) at $0.95 (closing bid price) expiring on 2/20/2010. Cost is $9,712, and income from sale of the calls is $364 and includes your commissions. Annualized return if called is 68%. Called on February 20 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,344, up 6.5%.			$54,383
Buy 200 shares of TUPPERWARE BRANDS CORP (TUP) at $44.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TUP BI (Feb$45.00) at $1.85 (closing bid price) expiring on 2/20/2010. Cost is $8,848, and income from sale of the calls is $357 and includes your commissions. Annualized return if called is 58%. Called on February 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,337, up 5.5%.			$63,393
Buy 200 shares of RELIANCE STEEL & ALUM CO (RS) at $44.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RS BI (Feb$45.00) at $2.05 (closing bid price) expiring on 2/20/2010. Cost is $8,912, and income from sale of the calls is $397 and includes your commissions. Annualized return if called is 55%. Not called on February 20. Will now sell Mar22.5 at $1.30. Price at $44.02 and value at $9,448,up 6.0% including sale of all calls.	$247		$63,393
From Conservative "Stocks-to-Consider" for February 20, 2010 and putting $10,000 into the money available field.
Buy 400 shares of NUTRISYSTEM INC (NTRI) at $20.54 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NSI1020C22.5 (Mar$22.50) at $0.65 (closing bid price) expiring on 3/20/2010. Cost is $8,236, and income from sale of the calls is $244 and includes your commissions. Annualized return if called is 154%.	$244	$8,236	$55,127
Buy 500 shares of TEMPLE INLAND INC (TIN) at $19.12 (closing last trade price) and sell 5 call Out-of-the-Money contracts of TIN1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,580, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 92%.	$283	$9,580	$45,547
Buy 400 shares of WORLD FUEL SERVICES CORP (INT) at $23.96 (closing last trade price) and sell 4 call Out-of-the-Money contracts of INT1020C25 (Mar$25.00) at $0.70 (closing bid price) expiring on 3/20/2010. Cost is $9,604, and income from sale of the calls is $264 and includes your commissions. Annualized return if called is 87%.	$264	$9,604	$35,943
Buy 500 shares of BARCLAYS PLC ADR (BCS) at $19.33 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BCS1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,685, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 78%.	$283	$9,685	$26,258
Buy 200 shares of CREDIT SUISSE GROUP ADS (CS) at $43.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CS1020C45 (Mar$45.00) at $1.45 (closing bid price) expiring on 3/20/2010. Cost is $8,778, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 72%.	$277	$8,778	$17,480
Buy 200 shares of HELMERICH & PAYNE INC (HP) at $43.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1020C45 (Mar$45.00) at $1.05 (closing bid price) expiring on 3/20/2010. Cost is $8,802, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 56%.	$197	$8,802	$8,678
Buy 500 shares of OLIN CORPORATION (OLN) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OLN1020C17.5 (Mar$17.50) at $0.35 (closing bid price) expiring on 3/20/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions. Annualized return if called is 41%.	$158	$8,630	$48
Totals for February:	$2,450	$63,315	$48
Taking $2,000 out as income total leaves $450 that will be added to cash balance:			$498
Portfolio value at Feruary 20, 2010 is $103,620* after $4,000 taken as income in one months. Total return including income is *$107,620,** up 7.6% The S&P500 average for the year so far is down (2.4%).