Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for July 16, 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
From June:			-$676
From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.
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%. Not called on March 19. Will now sell Apr35 at $0.65. Price at $33.82 and value at $10,534, including sale of all calls, up +6.1. Not called on April 16. Will now sell May35 at $0.83. Price at $33.90 and value at $10,793, including sale of all calls, up +8.7. Not called on May 21. Will now sell Jun35 at $0.66. Price at $34.98 and value at $11,300, including sale of all calls, up +13.8. Not called on June 18. Will now sell Jul34 at $0.70. Note that we have lowered the strike price but it is still above the prchase price. Price at $33.66 and value at $11,100, including sale of all calls, up +11.8%. Not called on July 16. Will now sell Aug34 at $0.59 Price at $32.23 and value at $10,833, including sale of all calls, up +9.1%.	$163		-$676
From Conservative "Stocks-to-Consider" for June 18, 2011 and putting $10,000 into the money available field.
Buy 700 shares of CNINSURE (CISG) at $13.62 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CISG1116G15 (Jul$15.00) at $1.35 (closing bid price) expiring on 7/16/2011. Cost is$9,554, and income from sale of the calls is $925 and includes your commissions. Actual return if called at expiration is 19.6%. Called on July 16 at $15.00. Proceeds $10,480 after commission. Total return including call premium is $11,405, up +19.4%.			$9,804
Buy 500 shares of JABIL CIRCUIT (JBL) at $18.29 (closing last trade price) and sell 5 call Out-of-the-Money contracts of JBL1116G20 (Jul$20.00) at $0.40 (closing bid price) expiring on 7/16/2011. Cost is$9,165, and income from sale of the calls is $183 and includes your commissions. Actual return if called at expiration is 11.1%. Not called on July 16. Will now sell Aug20 at $0.75. Price at $19.79 and value at $10,435, including sale of all calls, up +13.9%.	$358		$9,804
Buy 1400 shares of GENCO SHIPPING & TRADING (GNK) at $7.02 (closing last trade price) and sell 14 call Out-of-the-Money contracts of GNK1116G7.5 (Jul$7.50) at $0.25 (closing bid price) expiring on7/16/2011. Cost is $9,848, and income from sale of the calls is $319 and includes your commissions. Actual return if called at expiration is 9.9%. Not called on July 16. Will now sell Aug8 at $0.15. Note that we have increased the strike price. Price at $7.11 and value at $10,452, including sale of all calls, up +6.1%.	$179		$9,804
Buy 100 shares of CUMMINS (CMI) at $93.62 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CMI1116G100 (Jul$100.00) at $1.50 (closing bid price) expiring on 7/16/2011. Cost is$9,382, and income from sale of the calls is $139 and includes your commissions. Actual return if called at expiration is 8.1%. Called on July 16 at $100.00. Proceeds $9,980 after commission. Total return including call premium is $10,119, up +7.9%.			$19,784
Buy 300 shares of FOSTER WHEELER (FWLT) at $28.50 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FWLT1116G30 (Jul$30.00) at $0.78 (closing bid price) expiring on 7/16/2011. Cost is $8,570, and income from sale of the calls is $220 and includes your commissions. Actual return if called at expiration is 7.6%. Not called on July 16. Will now sell Aug29 at $0.69. Note that we have lowered the strike price but it is still above the purchase price. Price at $27.30 and value at $8,602, including sale of all calls, up +0.4%.	$202		$19,784
Buy 400 shares of BUCKEYE CELLULOSE (BKI) at $23.16 (closing last trade price) and sell 4 call Out-of-the-Money contracts of BKI1116G25 (Jul$25.00) at $0.35 (closing bid price) expiring on 7/16/2011. Cost is $9,284, and income from sale of the calls is $124 and includes your commissions. Actual return if called at expiration is 9.0%.Called on July 16 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,104, up +8.8%.			$29,764
Buy 200 shares of INTERDIGITAL (IDCC) at $35.19 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1116G40 (Jul$40.00) at $0.90 (closing bid price) expiring on 7/16/2011. Cost is$7,058, and income from sale of the calls is $167 and includes your commissions. Actual return if called at expiration is 15.7%. Called on July 16 at $40.00. Proceeds $7,980 after commission. Total return including call premium is $8,147, up +15.4%.			$37,744
Buy 200 shares of FREEPORT-MCMORAN (FCX) at $47.93 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FCX1116G55 (Jul$55.00) at $0.25 (closing bid price) expiring on 7/16/2011. Cost is $9,606, and income from sale of the calls is $37 and includes your commissions. Actual return if called at expiration is 14.9%.Called on July 16 at $55.00. Proceeds $10,980 after commission. Total return including call premium is $11,017, up +14.7%.			$48,724
Buy 100 shares of BAKER HUGHES (BHI) at $69.35 (closing last trade price) and sell 1 call Out-of-the-Money contracts of BHI1116G75 (Jul$75.00) at $0.80 (closing bid price) expiring on 7/16/2011. Cost is$6,955, and income from sale of the calls is $69 and includes your commissions. Actual return if called at expiration is 8.8%.Called on July 16 at $75.00. Proceeds $7,480 after commission. Total return including call premium is $7,848, up +8.5%.			$56,204
From Conservative "Stocks-to-Consider" for July 16, 2011 and putting $10,000 into the money available field.
Buy 900 shares of MBIA (MBI) at $10.20 (closing last trade price) and sell 9 call Out-of-the-Money contracts of MBI1120H11 (Auj$12.00) at $0.66 (closing bid price) expiring on 8/20/2011. Cost is $9,200, and income from sale of the calls is $571 and includes your commissions. Actual return if called at expiration is 13.8%.	$571	$9,200	$47,004
Buy 200 shares of INTERDIGITAL (IDCC) at $43.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1120H55 (Aug$55.00) at $0.30 (closing bid price) expiring on 8/20/2011. Cost is $8,622, and income from sale of the calls is $47 and includes your commissions. Actual return if called at expiration is 28.1%.	$47	$8,622	$38,382
Buy 1400 shares of OFFICEMAX (OMX) at $6.88 (closing last trade price) and sell 14 call Out-of-the-Money contracts of OMX1120H7.5 (Aug$7.50) at $0.35 (closing bid price) expiring on 8/20/2011. Cost is $9,652, and income from sale of the calls is $459 and includes your commissions. Actual return if called at expiration is 13.5%.	$459	$9,652	$28,730
Buy 600 shares o fASSURED GUARANTY (AGO) at $16.11 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGO1120H18 (Aug$18.00) at $0.43 (closing bid price) expiring on 8/20/2011. Cost is $9,686, and income from sale of the calls is $239 and includes your commissions. Actual return if called at expiration is 14.0%.	$239	$9,686	$19,044
Buy 400 shares of SKYWORKS SOLUTIONS (SWKS) at $22.68 (closing last trade price) and sell 4 call Out-of-the-Money contracts of SWKS1120H25 (Aug$25.00) at $0.60 (closing bid price) expiring on 8/20/2011. Cost is $9,092, and income from sale of the calls is $224 and includes your commissions. Actual return if called at expiration is 12.5%.	$224	$9,092	$9,952
Buy 700 shares of CENTURY ALUMINUM (CENX) at $14.09 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CENX1120H15 (Aug$15.00) at $0.51 (closing bid price) expiring on 8/16/2011. Cost is $9,883, and income from sale of the calls is $337 and includes your commissions. Actual return if called at expiration is 9.7%.	$337	$9,883	$69
Totals for July:	$2,779	$56,135	$848
Portfolio value at August expiration (August 20) is $90,521* after $14,000 taken as income in seven months. Total return including income is *$104,521, up** 4.5% The S&P500 average for the year so far is down (12.5%).

*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.