Investment Enhancing Systems, Inc. – Covered Call Analyzer

Close Window

Note: In all of our lists and portfolios, we have established a get-out price which we exercise when the stock price drops 15%. If this happens during the month, we will get-out and report the sale of the stock and the buy-back of the calls at the next expiration weekend postings.

	Income*	Cost*	Balance
Cash balance from May:			$5,863
600 shares of TTWO purchased in February at $15.88 and sell 6 contracts of TUO CW (Mar17.5) at $0.70 expiring on 3/18/2006. Not called in March. Price at $15.80 and value $9,480 on 3/17/2006. Sell 6 TUODW (Mar17.5) at $0.30. Not called in April. Price at $17.29 and value $10,374 on 4/21/2006. Sell 6 TUOEW (May17.5) at $0.75. Not called in May. Price at $15.01 and value $9,006 on 5/19/2006. Sell 6 TUOFW (Jun17.5) at $0.25. Exercised get-out price at $13.50 on June 12 after buying back calls at 0.05. Proceeds $8,079 after commission.	($49)		$13,941
600 shares of TTWO purchased in March at $15.80 and sell 6 contracts of TUO DW (Apr17.5) at $0.30 expiring on 4/22/2006. Not called in April. Price at $17.29 and value $10,374 on 4/21/2006. Sell 6 TUOEW (May17.5) at $0.75. Not called in April. Not called in May. Price at $15.01 and value $9,006 on 5/19/2006. Sell 6 TUOFW (Jun17.5) at $0.25. Exercised get-out price at $13.50 on June 12 after buying back calls at 0.05. Proceeds $8,079 after commission.	($49)		$22,020
700 shares of HOTT purchased in March at $13.77 and sell 7 contracts of UHO DC (Apr15) at $0.25 expiring on 4/22/2006. Not called in April. Price at $14.33 and value $10,031 on 4/21/2006. Sell 7 UHO EC (May15) at $0.25. Not called in May. Price at $14.67 and value $10,269 on 5/19/2006. Sell 7 UHO FC (May15) at $0.40. Not called in June. Price at 12.25 and value at $8,575. Holding for better Jul15 call price.		still own shares	$22,020
500 shares of AXL purchased in April at $17.69 and sell 5 contracts of AXL ED (May$20.00) at $0.60 expiring on 5/20/2006. Not called in May. Price at $17.29 and value $8,645 on 5/19/2006. Sell 5 AXLFD (Jun20) at $0.20. Not called in June. Price at $15.94 and value $7,970 on 6/17/2006. Sell 5 AXL GD (Jul20) at $0.15.	+$58	still own shares	$22,020
700 shares of SNDA purchased in April at $13.65 and sell 7 contracts of QKU EC (May$15.00) at $0.30 expiring on 5/20/2006. Not called in May. Price at $14.32 and value $10,024 on 5/19/2006. Sell 7 QKUFC (Jun15) at $0.50. Not called in June. Price at $13.13 and value $9,191 on 6/17/2006. Sell 7 QKU GC (Jul15) at $0.20.	+$120	still own shares	$22,020
400 shares of MATK purchased in May at $23.79 and sell 4 contracts of KQT FF (Jun$30.00) at $0.35 (closing bid price) expiring on 6/17/2006. Not called in June. Price at $29.48 and value $11,792 on 6/17/2006. Sell 4 KQT GF (Jul30) at $1.95.	+$764	still own shares	$22,020
400 shares of GOLD purchased in May at $20.01 and sell 4 contracts of GUD FX (Jun$22.50) at $0.55 (closing bid price) expiring on 6/17/2006. Exercised get-out price at $17.01 on June 13 after buying back calls at 0.05. Proceeds $6,784 after commission.	($36)		$28,804
400 shares of EPL purchased in May at $22.73 and sell 4 contracts of EPL FE (Jun$25.00) at $0.35 (closing bid price) expiring on 6/17/2006. Exercised get-out price at $19.32 on 6/9/2006 after buying back calls at $0.05. Proceeds $7,708 after commission.	($36)		$36,512
600 shares of SPC purchased in May at $16.00 and sell 6 contracts of SPC FW (Jun$17.50) at $0.30 (closing bid price) expiring on 6/17/2006. Exercised get-out price at $13.60 on 6/14/2006 after buying back calls at $0.05. Proceeds $8,160 after commission.	($46)		$44,672
From Conservative "Stocks-to-Consider" for June 17, 2006
Buy 500 shares of TRLG at $16.80 (closing last trade price) and sell 5 contracts of ZJQ GD (Jul$20.00) at $0.35 (closing bid price) expiring on 7/22/2006.	+$158	$8,420	$36,252
Buy 500 shares of TOMO at $19.00 (closing last trade price) and sell 5 contracts of QWX GX (Jul$22.50) at $0.40 (closing bid price) expiring on 7/22/2006.	+$183	$9,520	$26,732
Buy 500 shares of PALM at $17.15 (closing last trade price) and sell 5 contracts of UPY GD (Jul$20.00) at $0.35 (closing bid price) expiring on 7/22/2006.	+$158	$8,595	$18,137
Buy 700 shares of SPC at $13.19 (closing last trade price) and sell 7 contracts of SPC GC (Jul$15.00) at $0.25 (closing bid price) expiring on 7/22/2006.	+$155	$9,253	$8,884
Buy 400 shares of NWRE at $21.03 (closing last trade price) and sell 4 contracts of QQA GX (Jul$22.50) at $0.75 (closing bid price) expiring on 7/22/2006. We had to move down the Analyzer to find a buy/write that was less than $8,884, our available cash.	+$284	$8,432	$425
Totals for June:	$1,664
Portfolio value at June 17, 2006 is $82,273 after $1,664 taken as income.

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 2006, 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 2006. 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. Click on the month below to view details of stocks bought and calls sold and when we held the stock or exercised our get-out price. We anticipate good months and poor months, with a general gain at year end. PATIENCE usually wins.