Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for February 19, 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

$5,585

From Conservative "Stocks-to-Consider" for January 22, 2011 and putting $10,000 into the money available field.

Buy 200 shares of INTERDIGITAL (IDCC) at $46.98  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of IDCC1119B49 (Feb$49.00) at $1.70 (closing bid price) expiring on 2/19/2011. Cost is$9,416, and income from sale of the calls is $327 and includes your commissions.   Actual return if called at expiration is 7.6%. Called on February 19 at $49.00. Proceeds $9,780 after commission. Total return including call premium is $10,107, up 7.3%. $15,365

Buy 200 shares of MESABI TRUST (MSB) at $35.89  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of MSB1119B40 (Feb$40.00) at $0.65 (closing bid price) expiring on 2/19/2011. Cost is$7,198, and income from sale of the calls is $117 and includes your commissions.   Actual return if called at expiration is 12.8%.Not called on Feburary 19. Will now sell Mar40 at $0.70. Price at $36.57 and value at $7,558, up 5.0%, including sale of all calls. $127 $15,365

Buy 400 shares of IDT B (IDT) at $23.55  (closing last trade price) and sell 4 call  Out-of-the-Money contracts of IDT1119B25 (Feb$25.00) at $1.25 (closing bid price) expiring on 2/19/2011. Cost is $9,440, and income from sale of the calls is $484 and includes your commissions.   Actual return if called at expiration is 11.1%. Called on February 19 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,464, up 10.8%. $25,345

Buy 200 shares of SOTHEBYS A (BID) at $41.27  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of BID1119B45 (Feb$45.00) at $0.75 (closing bid price) expiring on 2/19/2011. Cost is$8,274, and income from sale of the calls is $137 and includes your commissions.   Actual return if called at expiration is 10.4%. Called on February 19 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,117, up10.2%. $34,325

Buy 300 shares of CHINA YUCHAI INTL (CYD) at $27.83  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of CYD1119B30 (Feb$30.00) at $0.80 (closing bid price) expiring on 2/19/2011. Cost is $8,369, and income from sale of the calls is $226 and includes your commissions.   Actual return if called at expiration is 10.2%. Not called on Feburary 19. Will now sell Mar30 at $0.95. Price at $28.46 and value at $9,034, up 7.9%., including sale of all calls. $270 $34,325

Buy 200 shares of HALLIBURTON (HAL) at $39.19  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of HAL1119B42 (Feb$42.00) at $0.70 (closing bid price) expiring on 2/19/2011. Cost is$7,858, and income from sale of the calls is $127 and includes your commissions.   Actual return if called at expiration is 8.5%. Called on February 19 at $42.00. Proceeds $8,380 after commission. Total return including call premium is $8,507, up 8.3%. $42,705

Buy 200 shares of DEVRY (DV) at $47.08  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of DV1119B50 (Feb$50.00) at $1.40 (closing bid price) expiring on 2/19/2011. Cost is $9,436, and income from sale of the calls is $267 and includes your commissions.   Actual return if called at expiration is 8.8%. Called on February 19 at $50.00. Proceeds $9,980 after commission. Total return including call premium is $10,247, up 8.6%. $52,685

Buy 800 shares of LIFE PARTNERS HOLDINGS (LPHI) at $11.82  (closing last trade price) and sell 8 call  Out-of-the-Money contracts of LPHI1119B12.5 (Feb$12.50) at $0.45 (closing bid price) expiring on2/19/2011. Cost is $9,476, and income from sale of the calls is $338 and includes your commissions.   Actual return if called at expiration is 9.1%. Exercised get-out price at $10.05 (-15%) on February 1 after buying back calls at $0.05. Proceeds $8,020 after commission. Final value including sale of all calls is $8,316, down (12.2%). $60,705

Buy 500 shares of KINROSS GOLD (KGC) at $16.91  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of KGC1119B18 (Feb$18.00) at $0.30 (closing bid price) expiring on 2/19/2011. Cost is$8,475, and income from sale of the calls is $133 and includes your commissions.   Actual return if called at expiration is 7.8%. Not called on Feburary 19. Will now sell Mar17 at $0.36. Note that we have lowered the strike price, but it is still above the purchase price. Price at $16.47 and value at $8,530, up 0.7%, including sale of all calls. $162 $60,705

Buy 300 shares of LINCOLN NATIONAL (LNC) at $29.01  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of LNC1119B31 (Feb$31.00) at $0.39 (closing bid price) expiring on 2/19/2011. Cost is $8,723, and income from sale of the calls is $103 and includes your commissions.   Actual return if called at expiration is 7.8% Called on February 19 at $31.00. Proceeds $9,280 after commission. Total return including call premium is $9,383, up 7.6%. $69,985

Buy 200 shares of DILLARDS (DDS) at $40.73  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of DDS1119B43 (Feb$43.00) at $0.90 (closing bid price) expiring on 2/19/2011. Cost is$8,166, and income from sale of the calls is $167 and includes your commissions.   Actual return if called at expiration is 7.4%. Not called on Feburary 19. Will now sell Mar43 at $2.00. Price at $41.97 and value at $8,948, up 9.6%, including sale of all calls. $387 $69,985

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

Buy 600 shares of ASSURED GUARANTY (AGO) at $16.35  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of AGO1119C18 (Mar$18.00) at $0.41 (closing bid price) expiring on 3/19/2011. Cost is $9,830, and income from sale of the calls is $227 and includes your commissions.   Actual return if called at expiration is 12.2%. $227 $9,830 $60,155

Buy 600 shares of RADIOSHACK CORP (RSH) at $15.70  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of RSH1119C17 (Mar$17.00) at $0.31 (closing bid price) expiring on 3/19/2011. Cost is $9,440, and income from sale of the calls is $167 and includes your commissions.   Actual return if called at expiration is 9.8%. $167 $9,440 $50,715

Buy 500 shares of RPC (RES) at $18.69  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of RES1119C20 (Mar$20.00) at $0.40 (closing bid price) expiring on 3/19/2011. Cost is $9,365, and income from sale of the calls is $183 and includes your commissions.   Actual return if called at expiration is 8.7%. $183 $9,365 $41,350

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%. $208 $9,927 $31,423

Buy 300 shares of CHESAPEAKE ENERGY (CHK) at $30.43  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of CHK1119C32 (Mar$32.00) at $0.53 (closing bid price) expiring on 3/19/2011. Cost is $9,149, and income from sale of the calls is $145 and includes your commissions.   Actual return if called at expiration is 6.5%. $145 $9,149 $22,274

Buy 200 shares of NYSE EURONEXT (NYX) at $37.79  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of NYX1119C40 (Mar$40.00) at $0.75 (closing bid price) expiring on 3/19/2011. Cost is$7,578, and income from sale of the calls is $137 and includes your commissions.   Actual return if called at expiration is 7.4%. $137 $7,578 $14,696

Buy 400 shares of MACY'S (M) at $23.75  (closing last trade price) and sell 4 call  Out-of-the-Money contracts of M1119C25 (Mar$25.00) at $0.50 (closing bid price) expiring on 3/19/2011. Cost is $9,520, and income from sale of the calls is $184 and includes your commissions.   Actual return if called at expiration is 7.0%. $184 $9,520 $5,176

Totals for February:
$2,197 $64,809 $5,176

Taking $2,000 out as income total leaves $197 that will be added to the cash balance:
$5,373

Portfolio value at the March Expiration (March 19) is $101,361* after $4,000 taken as income in two months. Total return including income is $105,361*, up 5.4%. The S&P500 average for the year so far is down (4.8%).

*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 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
			$5,585
From Conservative "Stocks-to-Consider" for January 22, 2011 and putting $10,000 into the money available field.
Buy 200 shares of INTERDIGITAL (IDCC) at $46.98 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1119B49 (Feb$49.00) at $1.70 (closing bid price) expiring on 2/19/2011. Cost is$9,416, and income from sale of the calls is $327 and includes your commissions. Actual return if called at expiration is 7.6%. Called on February 19 at $49.00. Proceeds $9,780 after commission. Total return including call premium is $10,107, up 7.3%.			$15,365
Buy 200 shares of MESABI TRUST (MSB) at $35.89 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MSB1119B40 (Feb$40.00) at $0.65 (closing bid price) expiring on 2/19/2011. Cost is$7,198, and income from sale of the calls is $117 and includes your commissions. Actual return if called at expiration is 12.8%.Not called on Feburary 19. Will now sell Mar40 at $0.70. Price at $36.57 and value at $7,558, up 5.0%, including sale of all calls.	$127		$15,365
Buy 400 shares of IDT B (IDT) at $23.55 (closing last trade price) and sell 4 call Out-of-the-Money contracts of IDT1119B25 (Feb$25.00) at $1.25 (closing bid price) expiring on 2/19/2011. Cost is $9,440, and income from sale of the calls is $484 and includes your commissions. Actual return if called at expiration is 11.1%. Called on February 19 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,464, up 10.8%.			$25,345
Buy 200 shares of SOTHEBYS A (BID) at $41.27 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BID1119B45 (Feb$45.00) at $0.75 (closing bid price) expiring on 2/19/2011. Cost is$8,274, and income from sale of the calls is $137 and includes your commissions. Actual return if called at expiration is 10.4%. Called on February 19 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,117, up10.2%.			$34,325
Buy 300 shares of CHINA YUCHAI INTL (CYD) at $27.83 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CYD1119B30 (Feb$30.00) at $0.80 (closing bid price) expiring on 2/19/2011. Cost is $8,369, and income from sale of the calls is $226 and includes your commissions. Actual return if called at expiration is 10.2%. Not called on Feburary 19. Will now sell Mar30 at $0.95. Price at $28.46 and value at $9,034, up 7.9%., including sale of all calls.	$270		$34,325
Buy 200 shares of HALLIBURTON (HAL) at $39.19 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HAL1119B42 (Feb$42.00) at $0.70 (closing bid price) expiring on 2/19/2011. Cost is$7,858, and income from sale of the calls is $127 and includes your commissions. Actual return if called at expiration is 8.5%. Called on February 19 at $42.00. Proceeds $8,380 after commission. Total return including call premium is $8,507, up 8.3%.			$42,705
Buy 200 shares of DEVRY (DV) at $47.08 (closing last trade price) and sell 2 call Out-of-the-Money contracts of DV1119B50 (Feb$50.00) at $1.40 (closing bid price) expiring on 2/19/2011. Cost is $9,436, and income from sale of the calls is $267 and includes your commissions. Actual return if called at expiration is 8.8%. Called on February 19 at $50.00. Proceeds $9,980 after commission. Total return including call premium is $10,247, up 8.6%.			$52,685
Buy 800 shares of LIFE PARTNERS HOLDINGS (LPHI) at $11.82 (closing last trade price) and sell 8 call Out-of-the-Money contracts of LPHI1119B12.5 (Feb$12.50) at $0.45 (closing bid price) expiring on2/19/2011. Cost is $9,476, and income from sale of the calls is $338 and includes your commissions. Actual return if called at expiration is 9.1%. Exercised get-out price at $10.05 (-15%) on February 1 after buying back calls at $0.05. Proceeds $8,020 after commission. Final value including sale of all calls is $8,316, down (12.2%).			$60,705
Buy 500 shares of KINROSS GOLD (KGC) at $16.91 (closing last trade price) and sell 5 call Out-of-the-Money contracts of KGC1119B18 (Feb$18.00) at $0.30 (closing bid price) expiring on 2/19/2011. Cost is$8,475, and income from sale of the calls is $133 and includes your commissions. Actual return if called at expiration is 7.8%. Not called on Feburary 19. Will now sell Mar17 at $0.36. Note that we have lowered the strike price, but it is still above the purchase price. Price at $16.47 and value at $8,530, up 0.7%, including sale of all calls.	$162		$60,705
Buy 300 shares of LINCOLN NATIONAL (LNC) at $29.01 (closing last trade price) and sell 3 call Out-of-the-Money contracts of LNC1119B31 (Feb$31.00) at $0.39 (closing bid price) expiring on 2/19/2011. Cost is $8,723, and income from sale of the calls is $103 and includes your commissions. Actual return if called at expiration is 7.8% Called on February 19 at $31.00. Proceeds $9,280 after commission. Total return including call premium is $9,383, up 7.6%.			$69,985
Buy 200 shares of DILLARDS (DDS) at $40.73 (closing last trade price) and sell 2 call Out-of-the-Money contracts of DDS1119B43 (Feb$43.00) at $0.90 (closing bid price) expiring on 2/19/2011. Cost is$8,166, and income from sale of the calls is $167 and includes your commissions. Actual return if called at expiration is 7.4%. Not called on Feburary 19. Will now sell Mar43 at $2.00. Price at $41.97 and value at $8,948, up 9.6%, including sale of all calls.	$387		$69,985
From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.
Buy 600 shares of ASSURED GUARANTY (AGO) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGO1119C18 (Mar$18.00) at $0.41 (closing bid price) expiring on 3/19/2011. Cost is $9,830, and income from sale of the calls is $227 and includes your commissions. Actual return if called at expiration is 12.2%.	$227	$9,830	$60,155
Buy 600 shares of RADIOSHACK CORP (RSH) at $15.70 (closing last trade price) and sell 6 call Out-of-the-Money contracts of RSH1119C17 (Mar$17.00) at $0.31 (closing bid price) expiring on 3/19/2011. Cost is $9,440, and income from sale of the calls is $167 and includes your commissions. Actual return if called at expiration is 9.8%.	$167	$9,440	$50,715
Buy 500 shares of RPC (RES) at $18.69 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RES1119C20 (Mar$20.00) at $0.40 (closing bid price) expiring on 3/19/2011. Cost is $9,365, and income from sale of the calls is $183 and includes your commissions. Actual return if called at expiration is 8.7%.	$183	$9,365	$41,350
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%.	$208	$9,927	$31,423
Buy 300 shares of CHESAPEAKE ENERGY (CHK) at $30.43 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CHK1119C32 (Mar$32.00) at $0.53 (closing bid price) expiring on 3/19/2011. Cost is $9,149, and income from sale of the calls is $145 and includes your commissions. Actual return if called at expiration is 6.5%.	$145	$9,149	$22,274
Buy 200 shares of NYSE EURONEXT (NYX) at $37.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of NYX1119C40 (Mar$40.00) at $0.75 (closing bid price) expiring on 3/19/2011. Cost is$7,578, and income from sale of the calls is $137 and includes your commissions. Actual return if called at expiration is 7.4%.	$137	$7,578	$14,696
Buy 400 shares of MACY'S (M) at $23.75 (closing last trade price) and sell 4 call Out-of-the-Money contracts of M1119C25 (Mar$25.00) at $0.50 (closing bid price) expiring on 3/19/2011. Cost is $9,520, and income from sale of the calls is $184 and includes your commissions. Actual return if called at expiration is 7.0%.	$184	$9,520	$5,176
Totals for February:	$2,197	$64,809	$5,176
Taking $2,000 out as income total leaves $197 that will be added to the cash balance:			$5,373
Portfolio value at the March Expiration (March 19) is $101,361* after $4,000 taken as income in two months. Total return including income is *$105,361, up 5.4%**. The S&P500 average for the year so far is down (4.8%).