Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for March 19, 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 Februay:

$5,373

From Conservative "Stocks-to-Consider" for January 22, 2011 and putting $10,000 into the money available field.

Buy 200 shares of MESABI TRUST (MSB) at $35.89  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of MSB1119B40 (Feb$40.00) at $0.65 (closing bid price) expiring on 2/19/2011. Cost is$7,198, and income from sale of the calls is $117 and includes your commissions.   Actual return if called at expiration is 12.8%. Not called on Feburary 19. Will now sell Mar40 at $0.70. Price at $36.57 and value at $7,558, up 5.0%, including sale of all calls. Not called on March 19. Will now sell Apr40 at $0.20. Price at $35.83 and value at $7,497, including sale of all calls, up +4.2. $87 $5,373

Buy 300 shares of CHINA YUCHAI INTL (CYD) at $27.83  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of CYD1119B30 (Feb$30.00) at $0.80 (closing bid price) expiring on 2/19/2011. Cost is $8,369, and income from sale of the calls is $226 and includes your commissions.   Actual return if called at expiration is 10.2%. Not called on Feburary 19. Will now sell Mar30 at $0.95. Price at $28.46 and value at $9,034, up 7.9, including sale of all calls. Not called on March 19. Price at $24.53 and value at $7,855 %, including sale of all calls, down (6.1%). Sold all shares at $24.53 to close out position on March 19 since there were was no good call premiums. Proceeds $7,339 after commissions. $12,712

Buy 500 shares of KINROSS GOLD (KGC) at $16.91  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of KGC1119B18 (Feb$18.00) at $0.30 (closing bid price) expiring on 2/19/2011. Cost is$8,475, and income from sale of the calls is $133 and includes your commissions.   Actual return if called at expiration is 7.8%. Not called on Feburary 19. Will now sell Mar17 at $0.36. Note that we have lowered the strike price, but it is still above the purchase price. Price at $16.47 and value at $8,530, up 0.7%, including sale of all calls. Not called on March 19. Price at $14.74 and value at $7,665%, including sale of all calls, down (9.6%). Sold all shares at $14.74 to close out position on March 19 since there were was no good call premiums. Proceeds $7,350 after commissions. $20,062

Buy 200 shares of DILLARDS (DDS) at $40.73  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of DDS1119B43 (Feb$43.00) at $0.90 (closing bid price) expiring on 2/19/2011. Cost is$8,166, and income from sale of the calls is $167 and includes your commissions.   Actual return if called at expiration is 7.4%. Not called on Feburary 19. Will now sell Mar43 at $2.00. Price at $41.97 and value at $8,948, up 9.6%, including sale of all calls. Not called on March 19. Will now sell Apr41 at $1.10. Note that we have lowered the strike price but is is still above the purchase price. Price at $39.27 and value at $8,615 %, including sale of all calls, up +5.5. $207 $20,062

From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.

Buy 600 shares of ASSURED GUARANTY (AGO) at $16.35  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of AGO1119C18 (Mar$18.00) at $0.41 (closing bid price) expiring on 3/19/2011. Cost is $9,830, and income from sale of the calls is $227 and includes your commissions.   Actual return if called at expiration is 12.2%.Exercised get-out price at $13.90 (-15%) on March 4 after buying back calls at $0.05. Proceeds $8,620 after commission. Final value including sale of all calls is $8,567, down (12.8%). $28,682

Buy 600 shares of RADIOSHACK CORP (RSH) at $15.70  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of RSH1119C17 (Mar$17.00) at $0.31 (closing bid price) expiring on 3/19/2011. Cost is $9,440, and income from sale of the calls is $167 and includes your commissions.   Actual return if called at expiration is 9.8%. Not called on March 19. Price at $14.10 and value at $8,627 %, including sale of all calls, down (8.6%). Sold all shares at $14.10 to close out position on March 19 since there were was no good call premiums. Proceeds $8,440 after commissions. $37,122

Buy 500 shares of RPC (RES) at $18.69  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of RES1119C20 (Mar$20.00) at $0.40 (closing bid price) expiring on 3/19/2011. Cost is $9,365, and income from sale of the calls is $183 and includes your commissions.   Actual return if called at expiration is 8.7%. Called on March 19 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,163, up +8.5%. $47,102

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. $181 $47,102

Buy 300 shares of CHESAPEAKE ENERGY (CHK) at $30.43  (closing last trade price) and sell 3 call  Out-of-the-Money contracts of CHK1119C32 (Mar$32.00) at $0.53 (closing bid price) expiring on 3/19/2011. Cost is $9,149, and income from sale of the calls is $145 and includes your commissions.   Actual return if called at expiration is 6.5%. Called on March 19 at $32.00. Proceeds $9,580 after commission. Total return including call premium is $9,725, up +6.3%. $56,682

Buy 200 shares of NYSE EURONEXT (NYX) at $37.79  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of NYX1119C40 (Mar$40.00) at $0.75 (closing bid price) expiring on 3/19/2011. Cost is$7,578, and income from sale of the calls is $137 and includes your commissions.   Actual return if called at expiration is 7.4%. Not called on March 19. Will now sell Apr37 at $0.67. Note that we have lowered the strike price but is is still above the purchase price. Price at $34.59 and value at $7,176 %, including sale of all calls, down (5.3%). $121 $56,682

Buy 400 shares of MACY'S (M) at $23.75  (closing last trade price) and sell 4 call  Out-of-the-Money contracts of M1119C25 (Mar$25.00) at $0.50 (closing bid price) expiring on 3/19/2011. Cost is $9,520, and income from sale of the calls is $184 and includes your commissions.   Actual return if called at expiration is 7.0%. Not called on March 19. Will now sell Apr24 at $0.50. Note that we have lowered the strike price but is is still above the purchase price. Price at $22.99 and value at $9,564 %, including sale of all calls, up +0.5%. $184 $56,682

From Conservative "Stocks-to-Consider" for March 19, 2011 and putting $10,000 into the money available field.

Buy 900 shares of DEER CONSUMER PRODUCTS (DEER) at $11.04  (closing last trade price) and sell 9 call  Out-of-the-Money contracts of DEER1116D12.5 (Apr$12.50) at $0.30 (closing bid price) expiring on4/16/2011. Cost is $9,956, and income from sale of the calls is $247 and includes your commissions.   Actual return if called at expiration is 15.5%. $247 $9,956 $46,726

Buy 200 shares of INTERDIGITAL (IDCC) at $42.01  (closing last trade price) and sell 2 call  Out-of-the-Money contracts of IDCC1116D45 (Apr$45.00) at $1.60 (closing bid price) expiring on 4/16/2011. Cost is$8,422, and income from sale of the calls is $307 and includes your commissions.   Actual return if called at expiration is 10.5%. $307 $8,422 $38,304

Buy 500 shares of JABIL CIRCUIT (JBL) at $18.59  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of JBL1116D20 (Apr$20.00) at $0.55 (closing bid price) expiring on 4/16/2011. Cost is$9,315, and income from sale of the calls is $258 and includes your commissions.   Actual return if called at expiration is 10.1%. $258 $9,315 $28,989

Buy 500 shares of FED AGRICULTURAL MTGE K (AGM) at $18.78  (closing last trade price) and sell 5 call  Out-of-the-Money contracts of AGM1116D20 (Apr$20.00) at $0.70 (closing bid price) expiring on4/16/2011. Cost is $9,410, and income from sale of the calls is $333 and includes your commissions.   Actual return if called at expiration is 9.8%. $333 $9,410 $19,579

Buy 600 shares of ASSURED GUARANTY (AGO) at $14.46  (closing last trade price) and sell 6 call  Out-of-the-Money contracts of AGO1116D16 (Apr$16.00) at $0.45 (closing bid price) expiring on 4/16/2011. Cost is $8,696, and income from sale of the calls is $251 and includes your commissions.   Actual return if called at expiration is 13.3%. $251 $8,696 $10,883

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%. $155 $9,750 $1,133

Totals for March:
$2,331 $55,549 $1,133

Taking $2,000 out as income total leaves $331 that will be added to the cash balance:
$1,464

Portfolio value at April expiration (April 16) is $103,553* after $6,000 taken as income in three months. Total return including income is $109,553*, up 9.6% The S&P500 average for the year so far is up 3.2%.

*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.

	Income*	Cost*	Balance
From Februay:			$5,373
From Conservative "Stocks-to-Consider" for January 22, 2011 and putting $10,000 into the money available field.
Buy 200 shares of MESABI TRUST (MSB) at $35.89 (closing last trade price) and sell 2 call Out-of-the-Money contracts of MSB1119B40 (Feb$40.00) at $0.65 (closing bid price) expiring on 2/19/2011. Cost is$7,198, and income from sale of the calls is $117 and includes your commissions. Actual return if called at expiration is 12.8%. Not called on Feburary 19. Will now sell Mar40 at $0.70. Price at $36.57 and value at $7,558, up 5.0%, including sale of all calls. Not called on March 19. Will now sell Apr40 at $0.20. Price at $35.83 and value at $7,497, including sale of all calls, up +4.2.	$87		$5,373
Buy 300 shares of CHINA YUCHAI INTL (CYD) at $27.83 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CYD1119B30 (Feb$30.00) at $0.80 (closing bid price) expiring on 2/19/2011. Cost is $8,369, and income from sale of the calls is $226 and includes your commissions. Actual return if called at expiration is 10.2%. Not called on Feburary 19. Will now sell Mar30 at $0.95. Price at $28.46 and value at $9,034, up 7.9, including sale of all calls. Not called on March 19. Price at $24.53 and value at $7,855 %, including sale of all calls, down (6.1%). Sold all shares at $24.53 to close out position on March 19 since there were was no good call premiums. Proceeds $7,339 after commissions.			$12,712
Buy 500 shares of KINROSS GOLD (KGC) at $16.91 (closing last trade price) and sell 5 call Out-of-the-Money contracts of KGC1119B18 (Feb$18.00) at $0.30 (closing bid price) expiring on 2/19/2011. Cost is$8,475, and income from sale of the calls is $133 and includes your commissions. Actual return if called at expiration is 7.8%. Not called on Feburary 19. Will now sell Mar17 at $0.36. Note that we have lowered the strike price, but it is still above the purchase price. Price at $16.47 and value at $8,530, up 0.7%, including sale of all calls. Not called on March 19. Price at $14.74 and value at $7,665%, including sale of all calls, down (9.6%). Sold all shares at $14.74 to close out position on March 19 since there were was no good call premiums. Proceeds $7,350 after commissions.			$20,062
Buy 200 shares of DILLARDS (DDS) at $40.73 (closing last trade price) and sell 2 call Out-of-the-Money contracts of DDS1119B43 (Feb$43.00) at $0.90 (closing bid price) expiring on 2/19/2011. Cost is$8,166, and income from sale of the calls is $167 and includes your commissions. Actual return if called at expiration is 7.4%. Not called on Feburary 19. Will now sell Mar43 at $2.00. Price at $41.97 and value at $8,948, up 9.6%, including sale of all calls. Not called on March 19. Will now sell Apr41 at $1.10. Note that we have lowered the strike price but is is still above the purchase price. Price at $39.27 and value at $8,615 %, including sale of all calls, up +5.5.	$207		$20,062
From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.
Buy 600 shares of ASSURED GUARANTY (AGO) at $16.35 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGO1119C18 (Mar$18.00) at $0.41 (closing bid price) expiring on 3/19/2011. Cost is $9,830, and income from sale of the calls is $227 and includes your commissions. Actual return if called at expiration is 12.2%.Exercised get-out price at $13.90 (-15%) on March 4 after buying back calls at $0.05. Proceeds $8,620 after commission. Final value including sale of all calls is $8,567, down (12.8%).			$28,682
Buy 600 shares of RADIOSHACK CORP (RSH) at $15.70 (closing last trade price) and sell 6 call Out-of-the-Money contracts of RSH1119C17 (Mar$17.00) at $0.31 (closing bid price) expiring on 3/19/2011. Cost is $9,440, and income from sale of the calls is $167 and includes your commissions. Actual return if called at expiration is 9.8%. Not called on March 19. Price at $14.10 and value at $8,627 %, including sale of all calls, down (8.6%). Sold all shares at $14.10 to close out position on March 19 since there were was no good call premiums. Proceeds $8,440 after commissions.			$37,122
Buy 500 shares of RPC (RES) at $18.69 (closing last trade price) and sell 5 call Out-of-the-Money contracts of RES1119C20 (Mar$20.00) at $0.40 (closing bid price) expiring on 3/19/2011. Cost is $9,365, and income from sale of the calls is $183 and includes your commissions. Actual return if called at expiration is 8.7%. Called on March 19 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,163, up +8.5%.			$47,102
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.	$181		$47,102
Buy 300 shares of CHESAPEAKE ENERGY (CHK) at $30.43 (closing last trade price) and sell 3 call Out-of-the-Money contracts of CHK1119C32 (Mar$32.00) at $0.53 (closing bid price) expiring on 3/19/2011. Cost is $9,149, and income from sale of the calls is $145 and includes your commissions. Actual return if called at expiration is 6.5%. Called on March 19 at $32.00. Proceeds $9,580 after commission. Total return including call premium is $9,725, up +6.3%.			$56,682
Buy 200 shares of NYSE EURONEXT (NYX) at $37.79 (closing last trade price) and sell 2 call Out-of-the-Money contracts of NYX1119C40 (Mar$40.00) at $0.75 (closing bid price) expiring on 3/19/2011. Cost is$7,578, and income from sale of the calls is $137 and includes your commissions. Actual return if called at expiration is 7.4%. Not called on March 19. Will now sell Apr37 at $0.67. Note that we have lowered the strike price but is is still above the purchase price. Price at $34.59 and value at $7,176 %, including sale of all calls, down (5.3%).	$121		$56,682
Buy 400 shares of MACY'S (M) at $23.75 (closing last trade price) and sell 4 call Out-of-the-Money contracts of M1119C25 (Mar$25.00) at $0.50 (closing bid price) expiring on 3/19/2011. Cost is $9,520, and income from sale of the calls is $184 and includes your commissions. Actual return if called at expiration is 7.0%. Not called on March 19. Will now sell Apr24 at $0.50. Note that we have lowered the strike price but is is still above the purchase price. Price at $22.99 and value at $9,564 %, including sale of all calls, up +0.5%.	$184		$56,682
From Conservative "Stocks-to-Consider" for March 19, 2011 and putting $10,000 into the money available field.
Buy 900 shares of DEER CONSUMER PRODUCTS (DEER) at $11.04 (closing last trade price) and sell 9 call Out-of-the-Money contracts of DEER1116D12.5 (Apr$12.50) at $0.30 (closing bid price) expiring on4/16/2011. Cost is $9,956, and income from sale of the calls is $247 and includes your commissions. Actual return if called at expiration is 15.5%.	$247	$9,956	$46,726
Buy 200 shares of INTERDIGITAL (IDCC) at $42.01 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1116D45 (Apr$45.00) at $1.60 (closing bid price) expiring on 4/16/2011. Cost is$8,422, and income from sale of the calls is $307 and includes your commissions. Actual return if called at expiration is 10.5%.	$307	$8,422	$38,304
Buy 500 shares of JABIL CIRCUIT (JBL) at $18.59 (closing last trade price) and sell 5 call Out-of-the-Money contracts of JBL1116D20 (Apr$20.00) at $0.55 (closing bid price) expiring on 4/16/2011. Cost is$9,315, and income from sale of the calls is $258 and includes your commissions. Actual return if called at expiration is 10.1%.	$258	$9,315	$28,989
Buy 500 shares of FED AGRICULTURAL MTGE K (AGM) at $18.78 (closing last trade price) and sell 5 call Out-of-the-Money contracts of AGM1116D20 (Apr$20.00) at $0.70 (closing bid price) expiring on4/16/2011. Cost is $9,410, and income from sale of the calls is $333 and includes your commissions. Actual return if called at expiration is 9.8%.	$333	$9,410	$19,579
Buy 600 shares of ASSURED GUARANTY (AGO) at $14.46 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGO1116D16 (Apr$16.00) at $0.45 (closing bid price) expiring on 4/16/2011. Cost is $8,696, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 13.3%.	$251	$8,696	$10,883
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%.	$155	$9,750	$1,133
Totals for March:	$2,331	$55,549	$1,133
Taking $2,000 out as income total leaves $331 that will be added to the cash balance:			$1,464
Portfolio value at April expiration (April 16) is $103,553* after $6,000 taken as income in three months. Total return including income is *$109,553, up** 9.6% The S&P500 average for the year so far is up 3.2%.