Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for March 20, 2010

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 February:

$498

From Conservative "Stocks-to-Consider" for January 16, 2010 and putting $10,000 into the money available field.

Buy 300 shares of MACERICH CO THE (MAC) at $32.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MAC BG (Feb$35.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,854, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 91%.

Not called on February 20. Will now sell Mar35 at $0.80. Price at $33.64 and value at $10,228,up 7.1% including sale of all calls. Called on March 20 at $35.00. Proceeds $10,480 after commission. Total return including call premium is $10,946, up 11.1%.
$10,978

Buy 200 shares of MEAD JOHNSON NUTRITION (MJN) at $46.81 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MJN BJ (Feb$50.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,382, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%.

Not called on February 20. Will now sell Mar50 at $0.80. Price at $46.78 and value at $9,660,up 3.0% including sale of all calls. Called on March 20 at $50.00. Proceeds $9,980 after commission. Total return including call premium is $10,284, up 9.6%.
$20,958

Buy 400 shares of MENS WEARHOUSE INC THE (MW) at $21.22 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MW BX (Feb$22.50) at $0.40 (closing bid price) expiring on 2/20/2010. Cost is $8,508, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 76%.

Not called on February 20. Will now sell Mar22.5 at $0.35. Price at $20.77 and value at $8,576,up 0.8% including sale of all calls. Called on March 20 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,248, up 8.7%.
$29,938

Buy 200 shares of RELIANCE STEEL & ALUM CO (RS) at $44.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RS BI (Feb$45.00) at $2.05 (closing bid price) expiring on 2/20/2010. Cost is $8,912, and income from sale of the calls is $397 and includes your commissions. Annualized return if called is 55%.

Not called on February 20. Will now sell Mar22.5 at $1.30. Price at $44.02 and value at $9,448,up 6.0% including sale of all calls. Called on March 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,625, up 8.0%.
$38,918

From Conservative "Stocks-to-Consider" for February 20, 2010 and putting $10,000 into the money available field.

Buy 400 shares of NUTRISYSTEM INC (NTRI) at $20.54 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NSI1020C22.5 (Mar$22.50) at $0.65 (closing bid price) expiring on 3/20/2010. Cost is $8,236, and income from sale of the calls is $244 and includes your commissions. Annualized return if called is 154%. Exercised get-out price at $17.46 (-15%) on March 2 after buying back calls at $0.05. Proceeds $6,964 after commission. Final value including sale of all calls is $7,192, down (12.7%).
$45,882

Buy 500 shares of TEMPLE INLAND INC (TIN) at $19.12 (closing last trade price) and sell 5 call Out-of-the-Money contracts of TIN1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,580, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 92%.Called on March 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,263, up 7.1%.
$55,862

Buy 400 shares of WORLD FUEL SERVICES CORP (INT) at $23.96 (closing last trade price) and sell 4 call Out-of-the-Money contracts of INT1020C25 (Mar$25.00) at $0.70 (closing bid price) expiring on 3/20/2010. Cost is $9,604, and income from sale of the calls is $264 and includes your commissions. Annualized return if called is 87%. Called on March 20 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,244, up 6.7%.
$65,842

Buy 500 shares of BARCLAYS PLC ADR (BCS) at $19.33 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BCS1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,685, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 78%. Called on March 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,263, up 6.0%.
$75,822

Buy 200 shares of CREDIT SUISSE GROUP ADS (CS) at $43.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CS1020C45 (Mar$45.00) at $1.45 (closing bid price) expiring on 3/20/2010. Cost is $8,778, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 72%. Called on March 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,257, up 5.5%.
$84,802

Buy 200 shares of HELMERICH & PAYNE INC (HP) at $43.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1020C45 (Mar$45.00) at $1.05 (closing bid price) expiring on 3/20/2010. Cost is $8,802, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 56%. Not called on March 20.Price at $38.03. Sold all shares at $38.03 on March 20 to close out position. Proceeds $7,586. Total return including call premium is $7,803, down (11.3%).
$92,388

Buy 500 shares of OLIN CORPORATION (OLN) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OLN1020C17.5 (Mar$17.50) at $0.35 (closing bid price) expiring on 3/20/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions. Annualized return if called is 41%. Called on March 20 at $17.50. Proceeds $8,730 after commission. Total return including call premium is $8,888, up 3.0%.
$101,118

From Conservative "Stocks-to-Consider" for March 20, 2010 and putting $10,000 into the money available field.

Buy 600 shares of IMPERIAL SUGAR COMPANY (IPSU) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DQK1017D17.5 (Apr$17.50) at $0.45 (closing bid price) expiring on 4/17/2010. Cost is $9,830, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 118%.
$251 $9,830 $91,288

Buy 200 shares of OVERSEAS SHIPHOLDING GRP (OSG) at $42.06 (closing last trade price) and sell 2 call Out-of-the-Money contracts of OSG1017D45 (Apr$45.00) at $0.70 (closing bid price) expiring on 4/17/2010. Cost is $8,432, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 104%.
$127 $8,432 $82,856

Buy 300 shares of FRONTLINE (FRO) at $30.81 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FRO1017D32.5 (Apr$32.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $9,263, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 87%.
$151 $9,263 $73,593

Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $14.50 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1017D15 (Apr$15.00) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $8,720, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 85%.
$311 $8,720 $64,873

Buy 200 shares of CABOT OIL & GAS CORP CLA (COG) at $38.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COG1017D40 (Apr$40.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $7,648, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%.
$157 $7,648 $57,225

Buy 200 shares of ENSCO INTERNATIONAL ADR (ESV) at $43.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ESV1017D45 (Apr$45.00) at $0.80 (closing bid price) expiring on 4/17/2010. Cost is $8,678, and income from sale of the calls is $147 and includes your commissions. Annualized return if called is 68%.
$147 $8,678 $48,547

Buy 400 shares of BARCLAYS PLC ADR (BCS) at $21.66 (closing last trade price) and sell 4 call Out-of-the-Money contracts of BCS1017D22.5 (Apr$22.50) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,684, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 67%.
$144 $8,684 $39,863

Buy 200 shares of TENARIS SA ADR (TS) at $43.38 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TSW1017D45 (Apr$45.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $8,696, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 67%.
$157 $8,696 $31,167

Buy 500 shares of CORNING INC (GLW) at $19.39 (closing last trade price) and sell 5 call Out-of-the-Money contracts of GLW1017D20 (Apr$20.00) at $0.32 (closing bid price) expiring on 4/17/2010. Cost is $9,715, and income from sale of the calls is $143 and includes your commissions. Annualized return if called is 55%.
$143 $9,715 $21,452

Buy 300 shares of AEGEAN MARINE PETROLEUM (ANW) at $27.16 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW1017D30 (Apr$30.00) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,168, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 145%.
$106 $8,168 $14,284

Buy 200 shares of HELMERICH & PAYNE INC (HP) at $38.03 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1017D40 (Apr$40.00) at $0.65 (closing bid price) expiring on 4/17/2010. Cost is $7,626, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 81%.
$117 $7,626 $6,658

Totals for March:
$1,811 $95,424 $6,658

Taking $2,000 out as income total leaves ($189) that will be subtracted from the cash balance:
$6,469

Portfolio value at Maech 20, 2010 is $103,519* after $6,000 taken as income in one months. Total return including income is $109,519*, up 9.5% The S&P500 average for the year so far is up 2.1%

*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 on January 16, 2010, 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 16, 2010. 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.

	Income*	Cost*	Balance
From February:			$498
From Conservative "Stocks-to-Consider" for January 16, 2010 and putting $10,000 into the money available field.
Buy 300 shares of MACERICH CO THE (MAC) at $32.78 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MAC BG (Feb$35.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,854, and income from sale of the calls is $241 and includes your commissions. Annualized return if called is 91%. Not called on February 20. Will now sell Mar35 at $0.80. Price at $33.64 and value at $10,228,up 7.1% including sale of all calls. Called on March 20 at $35.00. Proceeds $10,480 after commission. Total return including call premium is $10,946, up 11.1%.			$10,978
Buy 200 shares of MEAD JOHNSON NUTRITION (MJN) at $46.81 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MJN BJ (Feb$50.00) at $0.85 (closing bid price) expiring on 2/20/2010. Cost is $9,382, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%. Not called on February 20. Will now sell Mar50 at $0.80. Price at $46.78 and value at $9,660,up 3.0% including sale of all calls. Called on March 20 at $50.00. Proceeds $9,980 after commission. Total return including call premium is $10,284, up 9.6%.			$20,958
Buy 400 shares of MENS WEARHOUSE INC THE (MW) at $21.22 (closing last trade price) and sell 4 call Out-of-the-Money contracts of MW BX (Feb$22.50) at $0.40 (closing bid price) expiring on 2/20/2010. Cost is $8,508, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 76%. Not called on February 20. Will now sell Mar22.5 at $0.35. Price at $20.77 and value at $8,576,up 0.8% including sale of all calls. Called on March 20 at $22.50. Proceeds $8,980 after commission. Total return including call premium is $9,248, up 8.7%.			$29,938
Buy 200 shares of RELIANCE STEEL & ALUM CO (RS) at $44.46 (closing last trade price) and sell 2 call Out-of-the-Money contracts of RS BI (Feb$45.00) at $2.05 (closing bid price) expiring on 2/20/2010. Cost is $8,912, and income from sale of the calls is $397 and includes your commissions. Annualized return if called is 55%. Not called on February 20. Will now sell Mar22.5 at $1.30. Price at $44.02 and value at $9,448,up 6.0% including sale of all calls. Called on March 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,625, up 8.0%.			$38,918
From Conservative "Stocks-to-Consider" for February 20, 2010 and putting $10,000 into the money available field.
Buy 400 shares of NUTRISYSTEM INC (NTRI) at $20.54 (closing last trade price) and sell 4 call Out-of-the-Money contracts of NSI1020C22.5 (Mar$22.50) at $0.65 (closing bid price) expiring on 3/20/2010. Cost is $8,236, and income from sale of the calls is $244 and includes your commissions. Annualized return if called is 154%. Exercised get-out price at $17.46 (-15%) on March 2 after buying back calls at $0.05. Proceeds $6,964 after commission. Final value including sale of all calls is $7,192, down (12.7%).			$45,882
Buy 500 shares of TEMPLE INLAND INC (TIN) at $19.12 (closing last trade price) and sell 5 call Out-of-the-Money contracts of TIN1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,580, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 92%.Called on March 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,263, up 7.1%.			$55,862
Buy 400 shares of WORLD FUEL SERVICES CORP (INT) at $23.96 (closing last trade price) and sell 4 call Out-of-the-Money contracts of INT1020C25 (Mar$25.00) at $0.70 (closing bid price) expiring on 3/20/2010. Cost is $9,604, and income from sale of the calls is $264 and includes your commissions. Annualized return if called is 87%. Called on March 20 at $25.00. Proceeds $9,980 after commission. Total return including call premium is $10,244, up 6.7%.			$65,842
Buy 500 shares of BARCLAYS PLC ADR (BCS) at $19.33 (closing last trade price) and sell 5 call Out-of-the-Money contracts of BCS1020C20 (Mar$20.00) at $0.60 (closing bid price) expiring on 3/20/2010. Cost is $9,685, and income from sale of the calls is $283 and includes your commissions. Annualized return if called is 78%. Called on March 20 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,263, up 6.0%.			$75,822
Buy 200 shares of CREDIT SUISSE GROUP ADS (CS) at $43.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CS1020C45 (Mar$45.00) at $1.45 (closing bid price) expiring on 3/20/2010. Cost is $8,778, and income from sale of the calls is $277 and includes your commissions. Annualized return if called is 72%. Called on March 20 at $45.00. Proceeds $8,980 after commission. Total return including call premium is $9,257, up 5.5%.			$84,802
Buy 200 shares of HELMERICH & PAYNE INC (HP) at $43.91 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1020C45 (Mar$45.00) at $1.05 (closing bid price) expiring on 3/20/2010. Cost is $8,802, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 56%. Not called on March 20.Price at $38.03. Sold all shares at $38.03 on March 20 to close out position. Proceeds $7,586. Total return including call premium is $7,803, down (11.3%).			$92,388
Buy 500 shares of OLIN CORPORATION (OLN) at $17.22 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OLN1020C17.5 (Mar$17.50) at $0.35 (closing bid price) expiring on 3/20/2010. Cost is $8,630, and income from sale of the calls is $158 and includes your commissions. Annualized return if called is 41%. Called on March 20 at $17.50. Proceeds $8,730 after commission. Total return including call premium is $8,888, up 3.0%.			$101,118
From Conservative "Stocks-to-Consider" for March 20, 2010 and putting $10,000 into the money available field.
Buy 600 shares of IMPERIAL SUGAR COMPANY (IPSU) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of DQK1017D17.5 (Apr$17.50) at $0.45 (closing bid price) expiring on 4/17/2010. Cost is $9,830, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 118%.	$251	$9,830	$91,288
Buy 200 shares of OVERSEAS SHIPHOLDING GRP (OSG) at $42.06 (closing last trade price) and sell 2 call Out-of-the-Money contracts of OSG1017D45 (Apr$45.00) at $0.70 (closing bid price) expiring on 4/17/2010. Cost is $8,432, and income from sale of the calls is $127 and includes your commissions. Annualized return if called is 104%.	$127	$8,432	$82,856
Buy 300 shares of FRONTLINE (FRO) at $30.81 (closing last trade price) and sell 3 call Out-of-the-Money contracts of FRO1017D32.5 (Apr$32.50) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $9,263, and income from sale of the calls is $151 and includes your commissions. Annualized return if called is 87%.	$151	$9,263	$73,593
Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $14.50 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1017D15 (Apr$15.00) at $0.55 (closing bid price) expiring on 4/17/2010. Cost is $8,720, and income from sale of the calls is $311 and includes your commissions. Annualized return if called is 85%.	$311	$8,720	$64,873
Buy 200 shares of CABOT OIL & GAS CORP CLA (COG) at $38.14 (closing last trade price) and sell 2 call Out-of-the-Money contracts of COG1017D40 (Apr$40.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $7,648, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 84%.	$157	$7,648	$57,225
Buy 200 shares of ENSCO INTERNATIONAL ADR (ESV) at $43.29 (closing last trade price) and sell 2 call Out-of-the-Money contracts of ESV1017D45 (Apr$45.00) at $0.80 (closing bid price) expiring on 4/17/2010. Cost is $8,678, and income from sale of the calls is $147 and includes your commissions. Annualized return if called is 68%.	$147	$8,678	$48,547
Buy 400 shares of BARCLAYS PLC ADR (BCS) at $21.66 (closing last trade price) and sell 4 call Out-of-the-Money contracts of BCS1017D22.5 (Apr$22.50) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,684, and income from sale of the calls is $144 and includes your commissions. Annualized return if called is 67%.	$144	$8,684	$39,863
Buy 200 shares of TENARIS SA ADR (TS) at $43.38 (closing last trade price) and sell 2 call Out-of-the-Money contracts of TSW1017D45 (Apr$45.00) at $0.85 (closing bid price) expiring on 4/17/2010. Cost is $8,696, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 67%.	$157	$8,696	$31,167
Buy 500 shares of CORNING INC (GLW) at $19.39 (closing last trade price) and sell 5 call Out-of-the-Money contracts of GLW1017D20 (Apr$20.00) at $0.32 (closing bid price) expiring on 4/17/2010. Cost is $9,715, and income from sale of the calls is $143 and includes your commissions. Annualized return if called is 55%.	$143	$9,715	$21,452
Buy 300 shares of AEGEAN MARINE PETROLEUM (ANW) at $27.16 (closing last trade price) and sell 3 call Out-of-the-Money contracts of ANW1017D30 (Apr$30.00) at $0.40 (closing bid price) expiring on 4/17/2010. Cost is $8,168, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 145%.	$106	$8,168	$14,284
Buy 200 shares of HELMERICH & PAYNE INC (HP) at $38.03 (closing last trade price) and sell 2 call Out-of-the-Money contracts of HP1017D40 (Apr$40.00) at $0.65 (closing bid price) expiring on 4/17/2010. Cost is $7,626, and income from sale of the calls is $117 and includes your commissions. Annualized return if called is 81%.	$117	$7,626	$6,658
Totals for March:	$1,811	$95,424	$6,658
Taking $2,000 out as income total leaves ($189) that will be subtracted from the cash balance:			$6,469
Portfolio value at Maech 20, 2010 is $103,519* after $6,000 taken as income in one months. Total return including income is *$109,519,** up 9.5% The S&P500 average for the year so far is up 2.1%