Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for June 18, 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 May:			$1,553
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%.	$196		$1,553
From Conservative "Stocks-to-Consider" for March 19, 2011 and putting $10,000 into the money available field.
Buy 700 shares of CHICO'S FAS (CHS) at $13.90 (closing last trade price) and sell 7 call Out-of-the-Money contracts of CHS1116D15 (Apr$15.00) at $0.25 (closing bid price) expiring on 4/16/2011. Cost is$9,750, and income from sale of the calls is $155 and includes your commissions. Actual return if called at expiration is 9.3%..Not called on April 16. Will now sell May15 at $0.65. Price at $14.85 and value at $10,984, including sale of all calls, up +12.7. Not called on May 21. Will now sell Jun14 at $0.50. Note that we have lowered the strike price but it is still above the purchase price. Price at $14.10 and value at $10,699, including sale of all calls, up +9.7. Called on June 18 at $14.00. Proceeds $9,780 after commission. Total return including call premium is $10,699, up +9.7%.			$11,333
From Conservative "Stocks-to-Consider" for April 16, 2011 and putting $10,000 into the money available field.
Buy 1000 shares of AEGEAN MARINE PETROLEUM (ANW) at $9.16 (closing last trade price) and sell 10 call Out-of-the-Money contracts of ANW1121E10 (May$10.00) at $0.60 (closing bid price) expiring on5/21/2011. Cost is $9,180, and income from sale of the calls is $575 and includes your commissions. Actual return if called at expiration is 15.2%. Not called on May 21. Will now sell Jun10 at $0.20. Price at $8.85 and value at $9,600, including sale of all calls, up +4.6%. Exercised get-out price at $7.79 (-15%) on June 6 after buying back calls at $0.05. Proceeds $7,770 after commission. Final value including sale of all calls is $8,465, down (7.8%).			$19,103
Buy 300 shares of CHESAPEAKE ENERGY (CHK) at $32.73 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CHK1121E36 (May$36.00) at $0.35 (closing bid price) expiring on 5/21/2011. Cost is $9,839, and income from sale of the calls is $91 and includes your commissions. Actual return if called at expiration is 10.7%. Not called on May 21. Will now sell Jun33 at $0.35.Note that we have lowered the strike price but it is still above the purchase price. Price at $30.62 and value at $9,367, including sale of all calls, down (4.8%). Not called on June 18. Price at $28.02. Sold all shares at $28.02 to close out position because there were no favorable call premiums. Proceeds $8,356 after commission. Final value including sale of all calls is $8,587, down (12.7%).			$27,459
Buy 400 shares of RPC (RES) at $23.26 (closing last trade price) and sell 4 call Out-of-the-Money contracts of RES1121E25 (May$25.00) at $0.65 (closing bid price) expiring on 5/21/2011. Cost is $9,324, and income from sale of the calls is $244 and includes your commissions. Actual return if called at expiration is 9.9%. Not called on May 21. Will now sell Jun25 at $0.65. Price at $23.49 and value at $9,884, including sale of all calls, up +5.8%. Not called on June 18. Price at $21.56. Sold all shares at $21.56 to close out position because there were no favorable call premiums. Proceeds $8,604 after commission. Final value including sale of all calls is $9,092, down (2..5).			$36,063
From Conservative "Stocks-to-Consider" for May 21, 2011 and putting $10,000 into the money available field.
Buy 200 shares of FREEPORT-MCMORAN (FCX) at $48.38 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FCX1118F52 (Jun$52.00) at $0.72 (closing bid price) expiring on 6/18/2011. Cost is $9,696, and income from sale of the calls is $131 and includes your commissions. Actual return if called at expiration is 8.6%. Not called on June 18. Price at $47.93. Sold all shares at $47.93 to close out position because there were no favorable call premiums. Proceeds $9,566 after commission. Final value including sale of all calls is $9,717, up +0.2%			$45,629
Buy 400 shares of RPC (RES) at $23.49 (closing last trade price) and sell 4 call Out-of-the-Money contracts of RES1118F25 (Jun$25.00) at $0.65 (closing bid price) expiring on 6/18/2011. Cost is $9,416, and income from sale of the calls is $244 and includes your commissions. Actual return if called at expiration is 8.8%. Not called on June 18. Price at $21.56. Sold all shares at $21.56 to close out position because there were no favorable call premiums. Proceeds $8,604 after commission. Final value including sale of all calls is $8,668, down (5.6%).			$54,233
Buy 200 shares of INTERDIGITAL (IDCC) at $42.67 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1118F46 (Jun$46.00) at $0.85 (closing bid price) expiring on 6/18/2011. Cost is$8,554, and income from sale of the calls is $157 and includes your commissions. Actual return if called at expiration is 9.4%. Exercised get-out price at $36.27 (-15%) on June 8 after buying back calls at $0.05. Proceeds $7,234 after commission. Final value including sale of all calls is $7,388, down (13.6%).			$61,467
Buy 800 shares of PIER 1 IMPORTS (PIR) at $11.41 (closing last trade price) and sell 8 call Out-of-the-Money contracts of PIR1118F12 (Jun$12.00) at $0.35 (closing bid price) expiring on 6/18/2011. Cost is$9,148, and income from sale of the calls is $258 and includes your commissions. Actual return if called at expiration is 7.8%. Not called on June 18. Price at $10.79. Sold all shares at $10.79 to close out position because there were no favorable call premiums. Proceeds $8,612 after commission. Final value including sale of all calls is $8,890, down (2.8%).			$70,079
Buy 400 shares of TESORO (TSO) at $23.65 (closing last trade price) and sell 4 call Out-of-the-Money contracts of TSO1118F25 (Jun$25.00) at $0.55 (closing bid price) expiring on 6/18/2011. Cost is $9,480, and income from sale of the calls is $204 and includes your commissions. Actual return if called at expiration is 7.6%. Not called on June 18. Price at $20.87. Sold all shares at $20.87 to close out position because there were no favorable call premiums. Proceeds $8,328 after commission. Final value including sale of all calls is $8,552, down (9.8%).			$78,407
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%.	$925	$9,554	$68,853
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%.	$183	$9,165	$59,688
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%.	$319	$9,848	$49,840
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%.	$139	$9,382	$40,458
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%.	$220	$8,570	$31,888
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%	$124	$9,284	$22,604
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%	$167	$7,058	$15,546
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%	$37	$9,606	$5,940
Totals for June:	$2,310	$72,467	$5,940
Taking $2,000 out as income total leaves $310 that will be added to the cash balance which will be enough to execute another buy/write:			$6,250
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%	$69	$6,995	-$676
Portfolio value at July expiration (July 16) is $98,896* after $12,000 taken as income in six months. Total return including income is *$110,896, up** 10.9% The S&P500 average for the year so far is up 3.5%.

*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.