Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for August 21, 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 July:

$877

From Conservative "Stocks-to-Consider" for May 22, 2010 and putting $10,000 into the money available field.

Buy 600 shares of FEDERAL AGRI MTG CL C (AGM) at $14.60 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGM1019F17.5 (Jun$17.50) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $8,780, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 283%. Not called on June 19. Will now sell JuL17.5 at $0.60. Price at $15.71 and value at $10,018, up 14.1%.including sale of all calls. Not called on July 17. Will now sell Aug15 at $0.70. Price at $13.29 and value at $8,967, up 1.1%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase. Not called on August 21. Price at $12.27 and value at $8,355,down (4.8%), including sale of all calls. Sold all shares at $12.27 on August 21 to close out position. Proceeds $7,342 after commission.
$8,219

Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $15.25 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1019F17.5 (Jun$17.50) at $0.50 (closing bid price) expiring on 6/19/2010. Cost is $9,170, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 221%. Not called on June 19. Will now sell JuL20 at $0.15. Price at $17.50 and value at $10,832, up 18.1%.including sale of all calls. Note that we have raised the strike price. Not called on July 17. Will now sell Aug17.5 at $0.85. Price at $16.53 and value at $10,761, up 17.4%.including sale of all calls. Not called on August 21.Will now sell Sep17.5 at $0.30. Price at $16.35 and value at $10,814, up 17.9%., including sale of all calls.
$161 $8,219

Buy 300 shares of TECK RESOURCES LTD CL B (TCK) at $31.89 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1019F35 (Jun$35.00) at $1.15 (closing bid price) expiring on 6/19/2010. Cost is $9,587, and income from sale of the calls is $331 and includes your commissions. Annualized return if called is 163%.Not called on June 19. Will now sell JuL35 at $1.71. Price at $34.77 and value at $11,260, up 17.5%.including sale of all calls. Not called on July 17. Will now sell Aug33 at $1.49. Price at $31.64 and value at $11,626, up 26.9%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase. Not called on August 21.Will now sell Sep35 at $0.92. Price at $32.75 and value at $11,348, up 18.4%., including sale of all calls. Note that we have raised the strike price.
$261 $8,219

From Conservative "Stocks-to-Consider" for June 19, 2010 and putting $10,000 into the money available field.

Buy 400 shares of NUTRISYSTEM INC (NTRI) at $23.42 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NTRI1017G25 (Jul$25.00) at $0.55 (closing bid price) expiring on 7/17/2010. Cost is $9,388, and income from sale of the calls is $204 and includes your commissions. Annualized return if called is 109%. Not called on July 17. Will now sell Aug25 at $0.75. Price at $23.06 and value at $9,712, up 3.5%, including sale of all calls. Exercised get-out price at $19.91 (-15%) on July 30 after buying back calls at $0.05. Proceeds $7,944 after commission. Final value including sale of all calls is $8,416, down (10.4%).
$16,163

From Conservative "Stocks-to-Consider" for July 17, 2010 and putting $10,000 into the money available field.

Buy 500 shares of BURGER KING HOLDINGS INC (BKC) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BKC1021H20 (Aug$20.00) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions.   Actual return if called at expiration is 18%. Not called on August 21. Will now sell Sep18 at $0.20. Price at $16.72 and value at $8,600,down (0.3%)., including sale of all calls. Note that we have lowered the strike price, that is still above the purchase.
$82 $16,163

Buy 700 shares of FED AGRICULTURAL MTGE K (AGM) at $13.29 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AGM1021H15 (Aug$15.00) at $0.55 (closing bid price) expiring on 8/21/2010. Cost is $9,323, and income from sale of the calls is $365 and includes your commissions.   Actual return if called at expiration is 17%. Not called on August 21. Price at $12.27 and value at $8,954,down (4.0%), including sale of all calls. Sold all shares at $12.27 on August 21 to close out position. Proceeds $8,569 after commission.
$24,832

Buy 700 shares of GANNETT (GCI) at $13.50 (closing last trade price) and sell 7 call Out-of-the-Money contracts of GCI1021H15 (Aug$15.00) at $0.30 (closing bid price) expiring on 8/21/2010. Cost is $9,470, and income from sale of the calls is $190 and includes your commissions.   Actual return if called at expiration is 13%. Not called on August 21. Price at $12.32 and value at $8,814,down (3.9%), including sale of all calls. Sold all shares at $12.32 on August 21 to close out position. Proceeds $8,604 after commission.
$33,336

Buy 300 shares of MASSEY ENERGY COMPANY (MEE) at $28.15 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MEE1021H31 (Aug$31.00) at $0.86 (closing bid price) expiring on 8/21/2010. Cost is $8,465, and income from sale of the calls is $244 and includes your commissions.   Actual return if called at expiration is 13%. Called on August21 at $31.00. Proceeds $9,280 after commission. Total return including call premium is $9,524, up 12.5%.
$42,916

Buy 400 shares of KOPPERS HOLDINGS (KOP) at $22.53 (closing last trade price) and sell 4 call Out-of-the-Money contracts of KOP1021H25 (Aug$25.00) at $0.50 (closing bid price) expiring on 8/21/2010. Cost is $9,032, and income from sale of the calls is $184 and includes your commissions.   Actual return if called at expiration is 13%. Not called on August 21. Price at $22.75 and value at $9,284, up 2.8%, including sale of all calls. Sold all shares at $22.75 on August 21 to close out position. Proceeds $9,080 after commission.
$51,996

Buy 400 shares of WYNDHAM WORLDWIDE (WYN) at $20.33 (closing last trade price) and sell 4 call Out-of-the-Money contracts of WYN1021H22.5 (Aug$22.50) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $8,152, and income from sale of the calls is $124 and includes your commissions.   Actual return if called at expiration is 12%. Called on August21 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,104, up 11.7%.
$60,976

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

Buy 600 shares of AEGEAN MARINE PETROLEUM (ANW) at $15.91 (closing last trade price) and sell 6 call Out-of-the-Money contracts of ANW1018I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/18/2010. Cost is $9,566, and income from sale of the calls is $251 and includes your commissions.   Actual return if called at expiration is 12.4%.
$251 $9,566 $51,410

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%.
$218 $9,442 $41,968

Buy 400 shares of J.C. PENNEY (JCP) at $21.18 (closing last trade price) and sell 4 call Out-of-the-Money contracts of JCP1018I23 (Sep$23.00) at $0.38 (closing bid price) expiring on 9/18/2010. Cost is $8,492, and income from sale of the calls is $136 and includes your commissions.   Actual return if called at expiration is 9.9%.
$136 $8,492 $33,476

Buy 300 shares of HALLIBURTON (HAL) at $27.82 (closing last trade price) and sell 3 call Out-of-the-Money contracts of HAL1018I30 (Sep$30.00) at $0.41 (closing bid price) expiring on 9/18/2010. Cost is $8,366, and income from sale of the calls is $109 and includes your commissions.   Actual return if called at expiration is 8.9%.
$109 $8,366 $25,110

Buy 300 shares of ARCELORMITTAL (MT) at $29.85 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MT1018I32 (Sep$32.00) at $0.58 (closing bid price) expiring on 9/18/2010. Cost is $8,975, and income from sale of the calls is $160 and includes your commissions.   Actual return if called at expiration is 8.7%.
$160 $8,975 $16,135

Buy 300 shares of TECK RESOURCES B (TCK) at $32.75 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1018I35 (Sep$35.00) at $0.92 (closing bid price) expiring on 9/18/2010. Cost is $9,845, and income from sale of the calls is $262 and includes your commissions.   Actual return if called at expiration is 9.3%.
$262 $9,845 $6,290

Totals for August:
$1,640 $53,786 $6,290

Taking $2,000 out as income total leaves ($360) that will be subtracted from the cash balance:
$5,930

Portfolio value at August 21, 2010 is $92,393* after $16,000 taken as income in one months. Total return including income is $108,393*, up 8.4% The S&P500 average for the year so far is down (5.7%)

*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 July:			$877
From Conservative "Stocks-to-Consider" for May 22, 2010 and putting $10,000 into the money available field.
Buy 600 shares of FEDERAL AGRI MTG CL C (AGM) at $14.60 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGM1019F17.5 (Jun$17.50) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $8,780, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 283%. Not called on June 19. Will now sell JuL17.5 at $0.60. Price at $15.71 and value at $10,018, up 14.1%.including sale of all calls. Not called on July 17. Will now sell Aug15 at $0.70. Price at $13.29 and value at $8,967, up 1.1%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase. Not called on August 21. Price at $12.27 and value at $8,355,down (4.8%), including sale of all calls. Sold all shares at $12.27 on August 21 to close out position. Proceeds $7,342 after commission.			$8,219
Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $15.25 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1019F17.5 (Jun$17.50) at $0.50 (closing bid price) expiring on 6/19/2010. Cost is $9,170, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 221%. Not called on June 19. Will now sell JuL20 at $0.15. Price at $17.50 and value at $10,832, up 18.1%.including sale of all calls. Note that we have raised the strike price. Not called on July 17. Will now sell Aug17.5 at $0.85. Price at $16.53 and value at $10,761, up 17.4%.including sale of all calls. Not called on August 21.Will now sell Sep17.5 at $0.30. Price at $16.35 and value at $10,814, up 17.9%., including sale of all calls.	$161		$8,219
Buy 300 shares of TECK RESOURCES LTD CL B (TCK) at $31.89 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1019F35 (Jun$35.00) at $1.15 (closing bid price) expiring on 6/19/2010. Cost is $9,587, and income from sale of the calls is $331 and includes your commissions. Annualized return if called is 163%.Not called on June 19. Will now sell JuL35 at $1.71. Price at $34.77 and value at $11,260, up 17.5%.including sale of all calls. Not called on July 17. Will now sell Aug33 at $1.49. Price at $31.64 and value at $11,626, up 26.9%, including sale of all calls. Note that we have lowered the strike price, that is still above the purchase. Not called on August 21.Will now sell Sep35 at $0.92. Price at $32.75 and value at $11,348, up 18.4%., including sale of all calls. Note that we have raised the strike price.	$261		$8,219
From Conservative "Stocks-to-Consider" for June 19, 2010 and putting $10,000 into the money available field.
Buy 400 shares of NUTRISYSTEM INC (NTRI) at $23.42 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NTRI1017G25 (Jul$25.00) at $0.55 (closing bid price) expiring on 7/17/2010. Cost is $9,388, and income from sale of the calls is $204 and includes your commissions. Annualized return if called is 109%. Not called on July 17. Will now sell Aug25 at $0.75. Price at $23.06 and value at $9,712, up 3.5%, including sale of all calls. Exercised get-out price at $19.91 (-15%) on July 30 after buying back calls at $0.05. Proceeds $7,944 after commission. Final value including sale of all calls is $8,416, down (10.4%).			$16,163
From Conservative "Stocks-to-Consider" for July 17, 2010 and putting $10,000 into the money available field.
Buy 500 shares of BURGER KING HOLDINGS INC (BKC) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BKC1021H20 (Aug$20.00) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions. Actual return if called at expiration is 18%. Not called on August 21. Will now sell Sep18 at $0.20. Price at $16.72 and value at $8,600,down (0.3%)., including sale of all calls. Note that we have lowered the strike price, that is still above the purchase.	$82		$16,163
Buy 700 shares of FED AGRICULTURAL MTGE K (AGM) at $13.29 (closing last trade price) and sell 7 call Out-of-the-Money contracts of AGM1021H15 (Aug$15.00) at $0.55 (closing bid price) expiring on 8/21/2010. Cost is $9,323, and income from sale of the calls is $365 and includes your commissions. Actual return if called at expiration is 17%. Not called on August 21. Price at $12.27 and value at $8,954,down (4.0%), including sale of all calls. Sold all shares at $12.27 on August 21 to close out position. Proceeds $8,569 after commission.			$24,832
Buy 700 shares of GANNETT (GCI) at $13.50 (closing last trade price) and sell 7 call Out-of-the-Money contracts of GCI1021H15 (Aug$15.00) at $0.30 (closing bid price) expiring on 8/21/2010. Cost is $9,470, and income from sale of the calls is $190 and includes your commissions. Actual return if called at expiration is 13%. Not called on August 21. Price at $12.32 and value at $8,814,down (3.9%), including sale of all calls. Sold all shares at $12.32 on August 21 to close out position. Proceeds $8,604 after commission.			$33,336
Buy 300 shares of MASSEY ENERGY COMPANY (MEE) at $28.15 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MEE1021H31 (Aug$31.00) at $0.86 (closing bid price) expiring on 8/21/2010. Cost is $8,465, and income from sale of the calls is $244 and includes your commissions. Actual return if called at expiration is 13%. Called on August21 at $31.00. Proceeds $9,280 after commission. Total return including call premium is $9,524, up 12.5%.			$42,916
Buy 400 shares of KOPPERS HOLDINGS (KOP) at $22.53 (closing last trade price) and sell 4 call Out-of-the-Money contracts of KOP1021H25 (Aug$25.00) at $0.50 (closing bid price) expiring on 8/21/2010. Cost is $9,032, and income from sale of the calls is $184 and includes your commissions. Actual return if called at expiration is 13%. Not called on August 21. Price at $22.75 and value at $9,284, up 2.8%, including sale of all calls. Sold all shares at $22.75 on August 21 to close out position. Proceeds $9,080 after commission.			$51,996
Buy 400 shares of WYNDHAM WORLDWIDE (WYN) at $20.33 (closing last trade price) and sell 4 call Out-of-the-Money contracts of WYN1021H22.5 (Aug$22.50) at $0.35 (closing bid price) expiring on 8/21/2010. Cost is $8,152, and income from sale of the calls is $124 and includes your commissions. Actual return if called at expiration is 12%. Called on August21 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,104, up 11.7%.			$60,976
From Conservative "Stocks-to-Consider" for August 21, 2010 and putting $10,000 into the money available field.
Buy 600 shares of AEGEAN MARINE PETROLEUM (ANW) at $15.91 (closing last trade price) and sell 6 call Out-of-the-Money contracts of ANW1018I17.5 (Sep$17.50) at $0.45 (closing bid price) expiring on 9/18/2010. Cost is $9,566, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 12.4%.	$251	$9,566	$51,410
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%.	$218	$9,442	$41,968
Buy 400 shares of J.C. PENNEY (JCP) at $21.18 (closing last trade price) and sell 4 call Out-of-the-Money contracts of JCP1018I23 (Sep$23.00) at $0.38 (closing bid price) expiring on 9/18/2010. Cost is $8,492, and income from sale of the calls is $136 and includes your commissions. Actual return if called at expiration is 9.9%.	$136	$8,492	$33,476
Buy 300 shares of HALLIBURTON (HAL) at $27.82 (closing last trade price) and sell 3 call Out-of-the-Money contracts of HAL1018I30 (Sep$30.00) at $0.41 (closing bid price) expiring on 9/18/2010. Cost is $8,366, and income from sale of the calls is $109 and includes your commissions. Actual return if called at expiration is 8.9%.	$109	$8,366	$25,110
Buy 300 shares of ARCELORMITTAL (MT) at $29.85 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MT1018I32 (Sep$32.00) at $0.58 (closing bid price) expiring on 9/18/2010. Cost is $8,975, and income from sale of the calls is $160 and includes your commissions. Actual return if called at expiration is 8.7%.	$160	$8,975	$16,135
Buy 300 shares of TECK RESOURCES B (TCK) at $32.75 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1018I35 (Sep$35.00) at $0.92 (closing bid price) expiring on 9/18/2010. Cost is $9,845, and income from sale of the calls is $262 and includes your commissions. Actual return if called at expiration is 9.3%.	$262	$9,845	$6,290
Totals for August:	$1,640	$53,786	$6,290
Taking $2,000 out as income total leaves ($360) that will be subtracted from the cash balance:			$5,930
Portfolio value at August 21, 2010 is $92,393* after $16,000 taken as income in one months. Total return including income is *$108,393,** up 8.4% The S&P500 average for the year so far is down (5.7%)