Investment Enhancing Systems, Inc. – Covered Call Analyzer

Close Window

	Income*	Cost*	Balance
300 shares of IMCL purchased in April at $31.37. Sell 3 May35 at $0.85. Not called in May. Price at $33.07 and value $9,921 on 5/20/2005. Sell Jun35 at 0.90. Not called in June. Price at $33.80 and value $10,140 on 6/18/2005. Sell Jul35 at 1.30. Not called in July. Price at $34.15 and value $10,245 on 7/16/2005. Sell Aug35 at 1.80. Not called in August. Price at $31.72 and value $9,516 on 8/20/2005. Sell Sep35 at 0.55. Not called in September. Price at $30.08 and value $9,024 on 9/16/2005. Sell Oct35 at 0.70. Not called in October. Price at $33.70 and value $10,110 on 10/21/2005. Sell Nov35 at $1.60. Not called in November. Price at $32.08 and value $9,624 on 11/18/2005. Sell Dec35 at 0.35. This is becoming a cash cow.	$94	still own shares	$3,901
700 shares of OVTI purchased in August at $12.85. Sell 7 Sep15 at $0.40. Not called in September. Price at $13.07 and value $9,149 on 9/16/2005. Sell Oct15 at 0.15. Not called in October. Price at $12.49 and value $8,743 on 10/21/2005. Sell Nov12.5 at $0.75. Note that we have lowered strike price to 12.5. Called at $12.50 in November. Proceeds $8,730 after commission.			$12,631
800 shares of RMBS purchased in August at $11.57. Sell 8 Sep12.5 at $0.30. Not called in September. Price at $11.79 and value $9,432 on 9/16/2005. Sell Oct12.5 at 0.65. Not called in October. Price at $12.38 and value $9,904 on 10/21/2005. Sell Nov12.5 at $0.80. Called at $12.50 in November. Proceeds $9,980 after commission.			$22,611
600 shares of JUPM purchased in August at $16.42. Sell 6 Sep17.5 at $0.45. Not called in September. Price at $16.22 and value $9,732 on 9/16/2005. Sell Oct175 at 0.40. Not called in October. Price at $17.50 and value $10,500 on 10/21/2005. Sell Nov15 at $1.05. Not Called in November. Sold all shares at $15.14 to close out position. Proceeds $9,064 after commission.			$31,675
600 shares of ADRX purchased in September at $16.40. Sell 6 Oct17.5 at $0.70. Not called in October. Price at $15.01and value $9,006 on 10/21/2005. Sell Nov17.5 at $0.20. Called at $17.50 in November. Proceeds $10,480 after commission.			$42,155
400 shares of KCS purchased in October at $21.42. Sell 4 Nov25 at $0.35. Not called in November. Price at $24.44 and value $9,776 on 11/18/2005. Sell Dec25 at 1.05.	$404	still own shares	$42,155
900 shares of ADBL purchased in October at $10.83. Sell 9 Nov12.5 at $0.25. Called at $12.50 in November. Proceeds $11,230 after commission.			$53,385
400 shares of WMB purchased in October at $21.56. Sell 4 Nov25 at $0.30. Not called in November. Price at $21.75 and value $8,700 on 11/18/2005. Sell Dec22.5 at 0.65. Note we have lowered the strike price to 22.5 since it is still above our purchase price.	$244	still own shares	$53,385
500 shares of MOGN purchased in October at $19.69. Sell 5 Nov22.5 at $0.45.Not called in November. Price at $21.07 and value $10,535 on 11/18/2005. Sell Dec22.5 at 0.30.	$133	still own shares	$53,385
From Conservative "Stocks-to-Consider" for November 18, 2005
Buy 500 shares of PHRM at $17.32. Sell 5 Dec20 at $0.30.	$133	$8,680	$44,705
Buy 700 shares of NOVN at $13.95. Sell 7 Dec15 at $1.25.	$855	$9,785	$34,920
Buy 700 shares of SGTL at $13.53. Sell 7 Dec15 at $0.25.	$155	$9,491	$25,429
Buy 400 shares of LSCP at $22.49. Sell 4 Dec25 at $0.35.	$124	$9,016	$16,413
Buy 500 shares of TTWO at $18.03. Sell 5 Dec20 at $0.25.	$108	$9,035	$7,378
Portfolio value at November 18, 2005 is $94,120 after $2,250 taken as income.	$2,250

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 2005, 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 2005. Since it is a retirement portfolio, we take the premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price. Our objective is to maintain and grow the portfolio while maintaining a monthly income of over $2000. Click on the month below to view details of stocks bought and calls sold and when we held the stock or exercised our get-out price. We anticipate good months and poor months, with a general gain at year end. PATIENCE usually wins.