Investment Enhancing Systems, Inc. – Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for June 2007

NOTE: The markets took a big one day hit on February 27, 2007 and became very volatile in the weeks following. We did not panic sell at that time. Instead we held all stocks, even though some got close to or went below our get-out price of -15%. We continued to hold out stocks through expiration in March (the 17th) in anticipation (and hope) of some rebound.

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	Income*	Cost*	Balance
From May:			$71
From Conservative "Stocks-to-Consider" for January 22, 2007 and putting $10,000 into the money available field.
400 shares of NFLX purchased in January at $22.56 and sell 4 contracts of QNQ BE (Feb$25.00) at $0.75 expiring on 2/17/2007. Not called in February. Price at $22.87 and value at $9,148 on 2/17/2007. Sold Mar25 at $0.25. Did not reach get-out price during volatility period. Not called in March. Price at $21.02 and value at $8,408 on 3/17/2007. Will now sell Apr22.5 at $0.35. Note that we have lowered the strike price since it is very close to the purchase price. Not called in April. Price at $22.10 and value at $8,840 on 4/21/2007. Will now sell May22.5 at $0.60. Not called in May. Price at $21.94 and value at $8,776 on 5/19/2007. Will now sell Jun25 at $0.60. Price hit get-out price of $19.18 on June 13, two days before expiration. Rather than buying back calls and selling the stock, decided to hold stock through expiration and sell on June 18 at $19.71. Proceeds $7,864 after commission.			$7,935
700 shares of TOMO purchased in January at $13.77and sell 7 contracts of QWX BC (Feb$15.00) at $0.35expiring on 2/17/2007. Not called in February. Price at $12.79 and value at $8,953 on 2/17/2007. Sold Mar15 at $0.20. The price went below our get-out price ($11.70), dipped to $11.40, and then was halted. It rebounded nicely after the halt. Not called in March. Price at $14.44 and value at $10,108 on 3/17/2007. Will now sell Apr15 at $0.15. Not called in April. Price at $14.28 and value at $9,996 on 4/21/2007. Holding. Price at $14.94 and value at $10,458 on 5/19/2007. Will now sell Jun15 at $0.15. Note current price is above original strike price. Not called in June. Price at $14.07 and value at $9,849 on 6/16/2007. Sold all shares at $14.07 to close out position. Proceeds $9,829 after commission.			$17,764
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.	+$344	Still own shares	$17,764
From Conservative "Stocks-to-Consider" for April 21, 2007 and putting $10,000 into the money available field.
500 shares of NTES purchased in April at $18.51 and sell 5 contracts of NQG ED (May$20.00) at $0.30 expiring on 5/19/2007. Not called in May. Price at $17.83 and value at $8,915 on 5/19/2007. Will now sell Jun20 at $0.25. Not called in June. Price at $17.48 on 6/16/2007. Sold all shares at $17.48 to close out position. Proceeds $8,720 after commission.			$26,484
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.	+$87	Still own shares	$26,484
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.	+$241	Still own shares	$26,484
200 shares of PMTI purchased in April at $38.23 and sell 2 contracts of HKQ EH (May$40.00) at $1.50 expiring on 5/19/2007. Not called in May. Price at $39.38 and value at $7,876 on 5/19/2007. Will now sell Jun40 at $1.40. Not called in June. Price at $35.09 and value at $7,018 on 6/16/2007. Sold all shares at $35.09 to close out position. Proceeds $6,998 after commission.			$33,482
300 shares of BRCM purchased in April at $33.22 and sell 3 contracts of RCQ EG (May$35.00) at $0.75 expiring on 5/19/2007. Not called in May. Price at $30.74 and value at $9,222 on 5/19/2007. Will now sell Jun32.5 at $0.50. Note that we have lowered the strike price. Not called in June. Price at $31.32 and value at $9,396 on 6/16/2007. Sold all shares at $31.32 to close out position. Proceeds $9,376 after commission.			$42,858
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.	+$293	Still own shares	$42,858
Buy 300 shares of AMR at $27.00 (closing last trade price) and sell 3 contracts of AMR FY (Jun$27.50) at $1.40 (closing bid price) 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.	+$225	Still own shares	$42,858
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.	+$108	$9,875	$32,983
Buy 500 shares of USU at $19.80 (closing last trade price) and sell 5 contracts of USU GX (Jul$22.50) at $0.45 (closing bid price) expiring on 7/21/2007.	+$208	$9,920	$23,063
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.	+$191	$9,662	$13,401
Buy 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.	+$184	$9,328	$4,073
Totals for June:	+$1,881		$4,073
Portfolio value at June 16, 2007 is $84,774 after $1,881 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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