Investment Enhancing Systems, Inc. – Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for July 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.

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	Income*	Cost*	Balance
From June:			$4,073
From Conservative "Stocks-to-Consider" for February 17, 2007 and putting $10,000 into the money available field.
400 shares of MATK purchased in February at at $23.28 and sell 4 contracts of KQT CE (Mar$25.00) at $0.65 expiring on 3/17/2007. Did not reach get-out price during volatility period. Not called in March. Price at $20.25 and value at $8,100 on 3/17/2007. Holding. Price at $22.92 and value at $9,168 on 4/21/2007. Continuing to hold. Price at $19.96 and value at $7,984 on 5/19/2007. Continuing to hold. Price at $24.96 and value at $9,984 on 6/16/2007. Will now sell Jul25 at $0.90. Called in July at $25.50. Proceeds $9,980 after commission.			$14,053
From Conservative "Stocks-to-Consider" for April 21, 2007 and putting $10,000 into the money available field.
200 shares of AEM purchased in April at $37.42 and sell 2 contracts of AEM EH (May$40.00) at $0.75 expiring on 5/19/2007. Not called in May. Price at $35.04 and value at $7,008 on 5/19/2007. Will now sell Jun40 at $0.20. Not called in June. Price at $36.75 and value at $7,350 on 6/16/2007. Will now sell Jul40 at $0.50. Called in July at $40.00. Proceeds $7,980 after commission.			$22,033
300 shares of GG purchased in April at $25.65 and sell 3 contracts of GG EY (May$27.50) at $0.35 expiring on 5/19/2007. Not called in May. Price at $23.76 and value at $7,128 on 5/19/2007. Will now sell Jun25 at $0.40. Note that we have lowered the strike price. Not called in June. Price at $24.82 and value at $7,449 on 6/16/2007. Will now sell Jul25 at $0.85. Called in July at $25.00. Proceeds $7,480 after commission.			$29,513
From Conservative "Stocks-to-Consider" for May 19, 2007 and putting $10,000 into the money available field.
700 shares of XING at $13.55 purchased in May and sell 7 contracts of QAE FC (Jun$15.00) at $0.40 expiring on 6/16/2007. Not called in June. Price at $13.49 and value at $9,443 on 6/16/2007. Will now sell Jul15 at $0.45. Share price dropped below our get-out price at $11.52 (-15%) on July 17. Since it was within a week we decided to hold the stock to expiration so we would not have to buy back the calls. Sold all shares at $11.20 after expiration. Proceeds $7,820 after commission.			$37,333
300 shares of AMR at $27.00 and sell 3 contracts of AMR FY (Jun$27.50) at $1.40 expiring on 6/16/2007. Not called in June. Price at $25.91 and value at $7,773 on 6/16/2007. Will now sell Jul27.5 at $0.80. Not called in July. Price at $26.63 and Value at $7,989 on 7/21/2007. Will now sell Aug27.5 at $1.15.	+$331	Still own shares	$37,333
From Conservative "Stocks-to-Consider" for June 16, 2007 and putting $10,000 into the money available field.
Buy 500 shares of NFLX at $19.71 (closing last trade price) and sell 5 contracts of QNQ GE (Jul$25.00) at $0.25 (closing bid price) expiring on 7/21/2007. Not called in July. Price at $19.63 and Value at $9,815 on 7/21/2007. Will now sell Aug22.5 at $0.45.Note that we have lowered the strike price.	+$208	Still own shares	$37,333
500 shares of USU at $19.80 and sell 5 contracts of USU GX (Jul$22.50) at $0.45 expiring on 7/21/2007. Not called in July. Price at $19.52 and Value at $9,760 on 7/21/2007. Will now sell Aug22.5 at $0.30.	+$133	Still own shares	$37,333
Buy 600 shares of OVTI at $16.07 (closing last trade price) and sell 6 contracts of UCM GW (Jul$17.50) at $0.35 (closing bid price) expiring on 7/21/2007. Called in July at $17.50. Proceeds $10,480 after commission.			$47,813
400 shares of KMX at $23.27 (closing last trade price) and sell 4 contracts of KMX GE (Jul$25.00) at $0.50 (closing bid price) expiring on 7/21/2007. Called in July at $25.00. Proceeds $9,980 after commission.			$57,793
From Conservative "Stocks-to-Consider" for July 21, 2007 and putting $10,000 into the money available field.
Buy 500 shares of BZH at $19.62 (closing last trade price) and sell 5 contracts of BZH HE (Aug$25.00) at $0.30 (closing bid price) expiring on 8/18/2007.	+$133	$9,830	$47,963
Buy 700 shares of AHM at $12.80 (closing last trade price) and sell 7 contracts of AHM HC (Aug$15.00) at $0.75 (closing bid price) expiring on 8/18/2007.	+$505	$8,980	$38,983
Buy 500 shares of NFLX at $19.63 (closing last trade price) and sell 5 contracts of QNQ HX (Aug$22.50) at $0.45 (closing bid price) expiring on 8/18/2007.	+$208	$9,835	$29,148
Buy 500 shares of FCS at $19.36 (closing last trade price) and sell 5 contracts of FCS HD (Aug$20.00) at $0.95 (closing bid price) expiring on 8/18/2007.	+$458	$9,700	$19,448
Buy 700 shares of KGC at $14.20 (closing last trade price) and sell 7 contracts of KGC HC (Aug$15.00) at $0.35 (closing bid price) expiring on 8/18/2007.	+$225	$9,960	$9,488
Buy 400 shares of URBN at $21.62 (closing last trade price) and sell 4 contracts of URQ HX (Aug$22.50) at $0.85 (closing bid price) expiring on 8/18/2007.	+$324	$8,668	$820
Totals for July:	+$2,525		$820
Portfolio value at July 21, 2007 is $85,102 after $2,525 taken as income .

*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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