Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for May 22, 2010

NOTE: We suspended the get-out price rule from May 6 through May 22 due to high volatility.

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 April:

$7,229

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%. Not called on April 17. Will now sell May17.5 at $0.50. Price at $16.34 and value at $10,336,up 5.1% including sale of all calls. Not called on May 22. Price at $10.07 and value at $6,574,down (33.1%), including sale of all calls. Sold all shares at $10.07 to close out position. Proceeds $6,022 after commission.
$13,251

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%. Not called on April 17. Will now sell May40 at $1.45. Price at $38.95 and value at $8,224,up 7.5% including sale of all calls. Not called on May 22. Price at $31.36 and value at $6,706,down (12.3%), including sale of all calls. Sold all shares at $31.36 to close out position. Proceeds $6,252 after commission.
$19,503

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%.Not called on April 17. Will now sell May20 at $0.74. Price at $19.90 and value at $10,445,up 7.5% including sale of all calls.Not called on May 22. Price at $16.98 and value at 86,985,down (7.5%), including sale of all calls. Sold all shares at $16.98 to close out position. Proceeds $8,470 after commission.
$27,973

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%. Not called on April 17. Will now sell May30 at $0.45. Price at $26.87 and value at $8,287,up 1.5% including sale of all calls. Not called on May 22. Price at $22.62 and value at $7,012,down (14.2%), including sale of all calls. Sold all shares at $22.62 to close out position. Proceeds $6,766 after commission.
$34,749

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%. Not called on April 17. Will now sell May40 at $1.55. Price at $39.75 and value at $8,364, up 9.7% including sale of all calls. Not called on May 22. Will now sell Jun40 at $0.35. Price at $34.53 and value at $7,377, down (3.3%), including sale of all calls.
$57 $34,749

From Conservative "Stocks-to-Consider" for April 17, 2010 and putting $10,000 into the money available field.

Buy 300 shares of WORLD FUEL SERVICES CORP (INT) at $27.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of INT1022E30 (May$30.00) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $8,162, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 121%. Not called on May 22. Price at $25.05 and value at $7,621,down (6.6%), including sale of all calls. Sold all shares at $25.05 to close out position. Proceeds $7,495 after commission.
$42,244

Buy 200 shares of PEABODY ENERGY CORP (BTU) at $46.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BTU1022E50 (May$50.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,224, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 105%. Not called on May 22. Price at $37.40 and value at $7,637,down (17.2%), including sale of all calls. Sold all shares at $37.40 to close out position. Proceeds $7,460 after commission.
$49,704

Buy 500 shares of CHINA YUCHAI INT LTD (CYD) at $18.93 (closing last trade price) and sell 5 call Out-of-the-Money contracts of CYD1022E20 (May$20.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,485, and income from sale of the calls is $408 and includes your commissions. Annualized return if called is 101%. Not called on May 22. Price at $15.25 and value at $8,032,down 15.3%), including sale of all calls. Sold all shares at $15.25 to close out position. Proceeds $7,605 after commission.
$57,309

Buy 200 shares of CONSOL ENERGY INC (CNX) at $42.67 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CNX1022E45 (May$45.00) at $1.40 (closing bid price) expiring on 5/22/2010. Cost is $8,554, and income from sale of the calls is $267 and includes your commissions. Annualized return if called is 87%. Not called on May 22. Price at $35.48 and value at $7,363,down (13.9%), including sale of all calls. Sold all shares at $35.48 to close out position. Proceeds $7,076 after commission.
$64,385

Buy 500 shares of NUTRISYSTEM INC (NTRI) at $19.38 (closing last trade price) and sell 5 call Out-of-the-Money contracts of NSI1022E20 (May$20.00) at $0.95 (closing bid price) expiring on 5/22/2010. Cost is $9,710, and income from sale of the calls is $458 and includes your commissions. Annualized return if called is 80%. Called on May 22 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,437, up 7.5%.
$74,365

Buy 800 shares of HUNTSMAN CORP (HUN) at $12.07 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HUN1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $9,676, and income from sale of the calls is $338 and includes your commissions. Annualized return if called is 71%. Not called on May 22. Price at $9.00 and value at $8,472,down (22.1%), including sale of all calls. Sold all shares at $9.00 to close out position. Proceeds $8,071 after commission.
$82,436

From Conservative "Stocks-to-Consider" for May 22, 2010 and putting $10,000 into the money available field.

Buy 600 shares of FEDERAL AGRI MTG CL C (AGM) at $14.60 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGM1019F17.5 (Jun$17.50) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $8,780, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 283%.
$251 $8,780 $73,656

Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $15.25 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1019F17.5 (Jun$17.50) at $0.50 (closing bid price) expiring on 6/19/2010. Cost is $9,170, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 221%.
$281 $9,170 $64,486

Buy 500 shares of OXFORD INDUSTRIES (OXM) at $19.57 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OXM1019F22.5 (Jun$22.50) at $0.55 (closing bid price) expiring on 6/19/2010. Cost is $9,805, and income from sale of the calls is $258 and includes your commissions. Annualized return if called is 219%.
$258 $9,805 $54,681

Buy 900 shares of BANCO SNTNDR SA (STD) at $10.98 (closing last trade price) and sell 9 call Out-of-the-Money contracts of STD1019F12.5 (Jun$12.50) at $0.35 (closing bid price) expiring on 6/19/2010. Cost is $9,902, and income from sale of the calls is $292 and includes your commissions. Annualized return if called is 208%.
$292 $9,902 $44,779

Buy 200 shares of JOY GLOBAL INC (JOYG) at $48.77 (closing last trade price) and sell 2 call Out-of-the-Money contracts of JOYG1019F55 (Jun$55.00) at $1.47 (closing bid price) expiring on 6/19/2010. Cost is $9,774, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 194%.
$281 $9,774 $35,005

Buy 300 shares of MASSEY ENERGY CO (MEE) at $31.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MEE1019F35 (Jun$35.00) at $1.00 (closing bid price) expiring on 6/19/2010. Cost is $9,362, and income from sale of the calls is $286 and includes your commissions. Annualized return if called is 191%.
$286 $9,362 $25,643

Buy 400 shares of CNINSURE INC ADR (CISG) at $22.67 (closing last trade price) and sell 4 call Out-of-the-Money contracts of CISG1019F25 (Jun$25.00) at $1.10 (closing bid price) expiring on 6/19/2010. Cost is $9,088, and income from sale of the calls is $424 and includes your commissions. Annualized return if called is 185%.
$424 $9,088 $16,555

Buy 300 shares of TECK RESOURCES LTD CL B (TCK) at $31.89 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1019F35 (Jun$35.00) at $1.15 (closing bid price) expiring on 6/19/2010. Cost is $9,587, and income from sale of the calls is $331 and includes your commissions. Annualized return if called is 163%.
$331 $9,587 $6,968

Totals for May:
$2,461 $75,468 $6,968

Taking $2,000 out as income total leaves $461 that will be subtracted from the cash balance:
$7,429

Portfolio value at May 22, 2010 is $92,517* after $10,000 taken as income in one months. Total return including income is $102,517*, up 2.5% The S&P500 average for the year so far is down (4.3%)

*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 April:			$7,229
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%. Not called on April 17. Will now sell May17.5 at $0.50. Price at $16.34 and value at $10,336,up 5.1% including sale of all calls. Not called on May 22. Price at $10.07 and value at $6,574,down (33.1%), including sale of all calls. Sold all shares at $10.07 to close out position. Proceeds $6,022 after commission.			$13,251
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%. Not called on April 17. Will now sell May40 at $1.45. Price at $38.95 and value at $8,224,up 7.5% including sale of all calls. Not called on May 22. Price at $31.36 and value at $6,706,down (12.3%), including sale of all calls. Sold all shares at $31.36 to close out position. Proceeds $6,252 after commission.			$19,503
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%.Not called on April 17. Will now sell May20 at $0.74. Price at $19.90 and value at $10,445,up 7.5% including sale of all calls.Not called on May 22. Price at $16.98 and value at 86,985,down (7.5%), including sale of all calls. Sold all shares at $16.98 to close out position. Proceeds $8,470 after commission.			$27,973
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%. Not called on April 17. Will now sell May30 at $0.45. Price at $26.87 and value at $8,287,up 1.5% including sale of all calls. Not called on May 22. Price at $22.62 and value at $7,012,down (14.2%), including sale of all calls. Sold all shares at $22.62 to close out position. Proceeds $6,766 after commission.			$34,749
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%. Not called on April 17. Will now sell May40 at $1.55. Price at $39.75 and value at $8,364, up 9.7% including sale of all calls. Not called on May 22. Will now sell Jun40 at $0.35. Price at $34.53 and value at $7,377, down (3.3%), including sale of all calls.	$57		$34,749
From Conservative "Stocks-to-Consider" for April 17, 2010 and putting $10,000 into the money available field.
Buy 300 shares of WORLD FUEL SERVICES CORP (INT) at $27.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of INT1022E30 (May$30.00) at $0.40 (closing bid price) expiring on 5/22/2010. Cost is $8,162, and income from sale of the calls is $106 and includes your commissions. Annualized return if called is 121%. Not called on May 22. Price at $25.05 and value at $7,621,down (6.6%), including sale of all calls. Sold all shares at $25.05 to close out position. Proceeds $7,495 after commission.			$42,244
Buy 200 shares of PEABODY ENERGY CORP (BTU) at $46.02 (closing last trade price) and sell 2 call Out-of-the-Money contracts of BTU1022E50 (May$50.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,224, and income from sale of the calls is $157 and includes your commissions. Annualized return if called is 105%. Not called on May 22. Price at $37.40 and value at $7,637,down (17.2%), including sale of all calls. Sold all shares at $37.40 to close out position. Proceeds $7,460 after commission.			$49,704
Buy 500 shares of CHINA YUCHAI INT LTD (CYD) at $18.93 (closing last trade price) and sell 5 call Out-of-the-Money contracts of CYD1022E20 (May$20.00) at $0.85 (closing bid price) expiring on 5/22/2010. Cost is $9,485, and income from sale of the calls is $408 and includes your commissions. Annualized return if called is 101%. Not called on May 22. Price at $15.25 and value at $8,032,down 15.3%), including sale of all calls. Sold all shares at $15.25 to close out position. Proceeds $7,605 after commission.			$57,309
Buy 200 shares of CONSOL ENERGY INC (CNX) at $42.67 (closing last trade price) and sell 2 call Out-of-the-Money contracts of CNX1022E45 (May$45.00) at $1.40 (closing bid price) expiring on 5/22/2010. Cost is $8,554, and income from sale of the calls is $267 and includes your commissions. Annualized return if called is 87%. Not called on May 22. Price at $35.48 and value at $7,363,down (13.9%), including sale of all calls. Sold all shares at $35.48 to close out position. Proceeds $7,076 after commission.			$64,385
Buy 500 shares of NUTRISYSTEM INC (NTRI) at $19.38 (closing last trade price) and sell 5 call Out-of-the-Money contracts of NSI1022E20 (May$20.00) at $0.95 (closing bid price) expiring on 5/22/2010. Cost is $9,710, and income from sale of the calls is $458 and includes your commissions. Annualized return if called is 80%. Called on May 22 at $20.00. Proceeds $9,980 after commission. Total return including call premium is $10,437, up 7.5%.			$74,365
Buy 800 shares of HUNTSMAN CORP (HUN) at $12.07 (closing last trade price) and sell 8 call Out-of-the-Money contracts of HUN1022E12.5 (May$12.50) at $0.45 (closing bid price) expiring on 5/22/2010. Cost is $9,676, and income from sale of the calls is $338 and includes your commissions. Annualized return if called is 71%. Not called on May 22. Price at $9.00 and value at $8,472,down (22.1%), including sale of all calls. Sold all shares at $9.00 to close out position. Proceeds $8,071 after commission.			$82,436
From Conservative "Stocks-to-Consider" for May 22, 2010 and putting $10,000 into the money available field.
Buy 600 shares of FEDERAL AGRI MTG CL C (AGM) at $14.60 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AGM1019F17.5 (Jun$17.50) at $0.45 (closing bid price) expiring on 6/19/2010. Cost is $8,780, and income from sale of the calls is $251 and includes your commissions. Annualized return if called is 283%.	$251	$8,780	$73,656
Buy 600 shares of CHINA YUCHAI INT LTD (CYD) at $15.25 (closing last trade price) and sell 6 call Out-of-the-Money contracts of CYD1019F17.5 (Jun$17.50) at $0.50 (closing bid price) expiring on 6/19/2010. Cost is $9,170, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 221%.	$281	$9,170	$64,486
Buy 500 shares of OXFORD INDUSTRIES (OXM) at $19.57 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OXM1019F22.5 (Jun$22.50) at $0.55 (closing bid price) expiring on 6/19/2010. Cost is $9,805, and income from sale of the calls is $258 and includes your commissions. Annualized return if called is 219%.	$258	$9,805	$54,681
Buy 900 shares of BANCO SNTNDR SA (STD) at $10.98 (closing last trade price) and sell 9 call Out-of-the-Money contracts of STD1019F12.5 (Jun$12.50) at $0.35 (closing bid price) expiring on 6/19/2010. Cost is $9,902, and income from sale of the calls is $292 and includes your commissions. Annualized return if called is 208%.	$292	$9,902	$44,779
Buy 200 shares of JOY GLOBAL INC (JOYG) at $48.77 (closing last trade price) and sell 2 call Out-of-the-Money contracts of JOYG1019F55 (Jun$55.00) at $1.47 (closing bid price) expiring on 6/19/2010. Cost is $9,774, and income from sale of the calls is $281 and includes your commissions. Annualized return if called is 194%.	$281	$9,774	$35,005
Buy 300 shares of MASSEY ENERGY CO (MEE) at $31.14 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MEE1019F35 (Jun$35.00) at $1.00 (closing bid price) expiring on 6/19/2010. Cost is $9,362, and income from sale of the calls is $286 and includes your commissions. Annualized return if called is 191%.	$286	$9,362	$25,643
Buy 400 shares of CNINSURE INC ADR (CISG) at $22.67 (closing last trade price) and sell 4 call Out-of-the-Money contracts of CISG1019F25 (Jun$25.00) at $1.10 (closing bid price) expiring on 6/19/2010. Cost is $9,088, and income from sale of the calls is $424 and includes your commissions. Annualized return if called is 185%.	$424	$9,088	$16,555
Buy 300 shares of TECK RESOURCES LTD CL B (TCK) at $31.89 (closing last trade price) and sell 3 call Out-of-the-Money contracts of TCK1019F35 (Jun$35.00) at $1.15 (closing bid price) expiring on 6/19/2010. Cost is $9,587, and income from sale of the calls is $331 and includes your commissions. Annualized return if called is 163%.	$331	$9,587	$6,968
Totals for May:	$2,461	$75,468	$6,968
Taking $2,000 out as income total leaves $461 that will be subtracted from the cash balance:			$7,429
Portfolio value at May 22, 2010 is $92,517* after $10,000 taken as income in one months. Total return including income is *$102,517,** up 2.5% The S&P500 average for the year so far is down (4.3%)