Investment Enhancing Systems, Inc. – Covered Call Analyzer

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for June 2008

This is a rolling portfolio and we will look at open positions and make new trades using monies from called positions each month on expiration weekend.

NOTE: Beginning in April we began taking out call premium up to $2,000 per month rather than all the call premium. The balance is put back into the Retirement portfolio and used to purchase more stock. This should produce $24,000 of income in 2008 from this $100,000 portfolio.

Close Window

	Income*	Cost*	Balance
Balance from May:			$6,906
From Conservative "Stocks-to-Consider" for April 19, 2008 and putting $10,000 into the money available field.
Buy 500 shares of FLOTEK INDUSTRIES INC (FTK) at $17.60 (closing last trade price) and sell 5 contracts of FTK ED (May$20.00) at $0.80 (closing bid price) expiring on 5/17/2008. Cost is $8,820, and income from sale of the calls is $383 and includes your commissions. Annualized return if called is 223%. Not called on May 17, 2008 (expiration weekend), price at $17.00, and value including call premium is $9,390, up +6.5%. Will now sell Jun20 at $1.05 expiring on June 21, 2008. Called on June 21, 2008 at $20.00. Proceeds $9,980 after commission.	.	.	$16,886
Buy 400 shares of NUTRISYSTEM INC (NTRI) at $20.01 (closing last trade price) and sell 4 contracts of NSI EX (May$22.50) at $0.75 (closing bid price) expiring on 5/17/2008. Cost is $8,024, and income from sale of the calls is $284 and includes your commissions. Annualized return if called is 198%. Not called on May 17, 2008 (expiration weekend), price at $21.48, and value including call premium is $9,200, up +14.7%. Will now sell Jun22.5 at $0.85 expiring on June 21, 2008. Exercised get-out price at $17.01 (-15%) on June 10 after buying back calls at $0.05. Proceeds $6,784 after commission.	($36)	.	$23,670
Buy 300 shares of FRONTIER OIL CORPORATION (FTO) at $26.73 (closing last trade price) and sell 3 contracts of FTO EF (May$30.00) at $0.60 (closing bid price) expiring on 5/17/2008. Cost is $8,039, and income from sale of the calls is $166 and includes your commissions. Annualized return if called is 176%. Not called on May 17, 2008 (expiration weekend), price at $26.31, and value including call premium is $8,179, up +1.7%. Will now sell Jun30 at $0.45 expiring on June 21, 2008. Not called on June 21, 2008 (expiration weekend), price at $24.99, and value including call premium is $7,903, down (1.7%). Will now sell Jul30 at $0.60 expiring on July 19, 2008.	$166	still own shares	$23,670
From Conservative "Stocks-to-Consider" for May 17, 2008 and putting $10,000 into the money available field.
Buy 500 shares of CONTINENTAL AIRLINES B (CAL) at $17.96 (closing last trade price) and sell 5 contracts of CAL FD (Jun$20.00) at $0.85 (closing bid price) expiring on 6/21/2008. Cost is $9,000, and income from sale of the calls is $408 and includes your commissions. Annualized return if called is 163%. Exercised get-out price at $15.27 (-15%) on May 31 after buying back calls at $0.05. Proceeds $7,615 after commission.	($41)	.	$31,285
Buy 500 shares of CONN'S INC (CONN) at $18.24 (closing last trade price) and sell 5 contracts of UOK FD (Jun$20.00) at $0.75 (closing bid price) expiring on 6/21/2008. Cost is $9,140, and income from sale of the calls is $358 and includes your commissions. Annualized return if called is 139%. Not called on June 21, 2008 (expiration weekend), price at $17.70, and value including call premium is $9,207, up +0.7%. Will now sell Jul20 at $0.35 expiring on July 19, 2008.	$158	still own shares	$31,285
Buy 700 shares of AMERICREDIT CORP (ACF) at $14.10 (closing last trade price) and sell 7 contracts of ACF FC (Jun$15.00) at $0.50 (closing bid price) expiring on 6/21/2008. Cost is $9,890, and income from sale of the calls is $330 and includes your commissions. Annualized return if called is 99%. Exercised get-out price at $11.99 (-15%) on June 10 after buying back calls at $0.05. Proceeds $8,373 after commission,	($56)	.	$39,658
Buy 300 shares of BIG LOTS INC (BIG) at $28.61 (closing last trade price) and sell 3 contracts of BIG FF (Jun$30.00) at $1.35 (closing bid price) expiring on 6/21/2008. Cost is $8,603, and income from sale of the calls is $391 and includes your commissions. Annualized return if called is 96%. Called on June 21 at $30.00. Proceeds $8,980 after commission, up 8.9%	.	.	$48,638
Buy 400 shares of NUTRISYSTEM INC (NTRI) at $21.48 (closing last trade price) and sell 4 contracts of NSI FX (Jun$22.50) at $0.85 (closing bid price) expiring on 6/21/2008. Cost is $8,612, and income from sale of the calls is $324 and includes your commissions. Annualized return if called is 86%. Exercised get-out price at $18.26 (-15%) on June 10 after buying back calls at $0.05. Proceeds $7,284 after commission.	($36)	.	$55,922
Buy 400 shares of STERLITE IND INDIA ADS (SLT) at $21.82 (closing last trade price) and sell 4 contracts of SLT FX (Jun$22.50) at $1.00 (closing bid price) expiring on 6/21/2008. Cost is $8,748, and income from sale of the calls is $384 and includes your commissions. Annualized return if called is 76%. Exercised get-out price at $18.55 (-15%) on June 11 after buying back calls at $0.05. Proceeds $7,400 after commission.	($36)	.	$63,322
Buy 300 shares of WILLIAMS SONOMA INC (WSM) at $26.98 (closing last trade price) and sell 3 contracts of WSM FY (Jun$27.50) at $1.35 (closing bid price) expiring on 6/21/2008. Cost is $8,114, and income from sale of the calls is $391 and includes your commissions. Annualized return if called is 68%. Exercised get-out price at $22.92 (-15%) on June 6 after buying back calls at $0.05. Proceeds $7,237 after commission.	($30)	.	$70,559
Buy 400 shares of NVIDIA CORP (NVDA) at $24.41 (closing last trade price) and sell 4 contracts of UVA FE (Jun$25.00) at $1.00 (closing bid price) expiring on 6/21/2008. Cost is $9,784, and income from sale of the calls is $384 and includes your commissions. Annualized return if called is 64%. Exercised get-out price at $20.75 (-15%) on June 13 after buying back calls at $0.05. Proceeds $8,280 after commission.	.	.	$78,839
From Conservative "Stocks-to-Consider" for June 21, 2008 and putting $10,000 into the money available field.
Buy 700 shares of WESTERN REFINING INC (WNR) at $12.60 (closing last trade price) and sell 7 contracts of WNR GC (Jul$15.00) at $0.75 (closing bid price) expiring on 7/19/2008. Cost is $8,840, and income from sale of the calls is $505 and includes your commissions. Annualized return if called is 319%.	$505	$8,840	$69,999
Buy 800 shares of REGIONS FINANCIAL CORP (RF) at $11.22 (closing last trade price) and sell 8 contracts of RF GV (Jul$12.50) at $0.75 (closing bid price) expiring on 7/19/2008. Cost is $8,996, and income from sale of the calls is $578 and includes your commissions. Annualized return if called is 229%.	$578	$8,996	$61,003
Buy 400 shares of BB&T CORP (BBT) at $24.70 (closing last trade price) and sell 4 contracts of BBT GY (Jul$27.50) at $0.90 (closing bid price) expiring on 7/19/2008. Cost is $9,900, and income from sale of the calls is $344 and includes your commissions. Annualized return if called is 190%.	$344	$9,900	$51,103
Buy 700 shares of CONTINENTAL AIRLINES B (CAL) at $14.23 (closing last trade price) and sell 7 contracts of CAL GC (Jul$15.00) at $1.35 (closing bid price) expiring on 7/19/2008. Cost is $9,981, and income from sale of the calls is $925 and includes your commissions. Annualized return if called is 189%.	$925	$9,981	$41,122
Buy 500 shares of ALASKA AIR GROUP INC (ALK) at $18.40 (closing last trade price) and sell 5 contracts of ALK GD (Jul$20.00) at $0.80 (closing bid price) expiring on 7/19/2008. Cost is $9,220, and income from sale of the calls is $383 and includes your commissions. Annualized return if called is 164%.	$383	$9,220	$31,902
Buy 300 shares of ZIONS BANCORP (ZION) at $32.09 (closing last trade price) and sell 3 contracts of ZNQ GG (Jul$35.00) at $1.05 (closing bid price) expiring on 7/19/2008. Cost is $9,647, and income from sale of the calls is $301 and includes your commissions. Annualized return if called is 156%.	$301	$9,647	$22,255
Buy 200 shares of SUNTRUST BANKS INC (STI) at $37.27 (closing last trade price) and sell 2 contracts of STI GH (Jul$40.00) at $1.80 (closing bid price) expiring on 7/19/2008. Cost is $7,474, and income from sale of the calls is $347 and includes your commissions. Annualized return if called is 152%.	$347	$7,474	$14,781
Buy 200 shares of BCE INC (BCE) at $34.10 (closing last trade price) and sell 2 contracts of BCE GG (Jul$35.00) at $2.25 (closing bid price) expiring on 7/19/2008. Cost is $6,840, and income from sale of the calls is $437 and includes your commissions. Annualized return if called is 114%.	$437	$6,840	$7,941
Buy 200 shares of MOODY'S CORP (MCO) at $37.92 (closing last trade price) and sell 2 contracts of MCO GH (Jul$40.00) at $1.35 (closing bid price) expiring on 7/19/2008. Cost is $7,604, and income from sale of the calls is $257 and includes your commissions. Annualized return if called is 112%.	$257	$7,604	$337
Totals for June:	$4,166
Taking $2,000 out of income total leaves $2,166 that will be put back into portfolio:	$2,166		$2,503
Portfolio value at June 21, 2008 is $94,657* after $21,399 taken as income in five months. Total return including income is $116,056*, up 16.1%.

*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 2008, 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 $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 $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.

top