Investment Enhancing Systems, Inc. – Covered Call Analyzer

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Note: In all of our lists and portfolios, we have established a get-out price which we exercise when the stock price drops 15%. If this happens during the month, we will get-out and report the sale of the stock and the buy-back of the calls at the next expiration weekend postings.

	Income*	Cost*	Balance
Cash balance from October:			$115
400 shares of MATK purchased in May at $23.79 and sell 4 contracts of KQT FF (Jun$30.00) at $0.35 expiring on 6/17/2006. Not called in June. Price at $29.48 and value $11,792 on 6/17/2006. Sell 4 KQT GF (Jul30) at $1.95. Not called in July. Price at $26.21 and value $10,484 on 7/22/2006. Sell 4 KQT HF (Aug30) at $0.30. Not called in August. Price at $28.63 and value $11,452 on 8/19/2006. Sell 4 KQT IF (Sep30) at $1.10. Not called in September. Price at $21.87 and value $8,748 on 9/16/2006. Sell 4 KQT JE (Oct25) at $0.25. Note that we have lowered the strike price to $25.00 since it is still above the initial purchase price. Not called in October. Price at $23.64 and value $9,456 on 10/20/2006. Sell 4 KQT KE (Nov25) at $0.60. Called in November at $25.00. Proceeds $9,980 after commission.			$10,095
700 shares of NLS purchased in July at $13.12 and sell 7 contracts of NLS HC (Aug$15.00) at $0.25 expiring on 8/19/2006. Not called in August. Price at $13.06 and value $9,142 on 8/19/2006. Holding, waiting for a better call price. Price at $13.77 and value $9,637 on 9/16/2006. Sell 7 NLS JC (Oct15) at $0.20. Not called in October. Price at $13.99 and value $9,793 on 10/20/2006. Sell 4 NLS KC (Nov15) at $0.25. Called in November at $15.00. Proceeds $10,480 after commission.			$20,575
500 shares of RMBS purchased in September at $18.11 and sell 5 contracts of BNQ JD (Oct$20.00) at $1.10 expiring on 10/21/2006. Not called in October. Price at $16.71 and value $8,355 on 10/20/2006. Sell 4 BNQ KD (Nov20) at $0.35. Called in November at $20.00. Proceeds $9,980 after commission.			$30,555
700 shares of TARO purchased in September at $13.73 and sell 7 contracts of QTT JC (Oct$15.00) at $0.70 expiring on 10/21/2006. Not called in October. Price at $12.50 and value $8,570 on 10/20/2006. Sell 4 QTT KC (Nov15) at $0.25. Exercised get-out price at $11.67 after buying back calls at 0.05. Proceeds $8,149 after commission.	($56)		$38,704
400 shares of GOLD purchased in September at $20.53 and sell 4 contracts of GUD JX (Oct$22.50) at $0.55 expiring on 10/21/2006. Not called in October. Price at $21.56 and value $8,624 on 10/20/2006. Sell 4 GUD KX (Nov22.5) at $0.80. Not called in November. Price at $21.75 and value $8,700 on 9/16/2006. Sell 6 GUD LX (Dec22.5) at $0.70.	+$264	still own shares	$38,704
400 shares of NFLX purchased in September at $22.72 and sell 4 contracts of QNQ JE (Oct$25.00) at $0.50 expiring on 10/21/2006. Not called in October. Price at $22.24 and value $8,896 on 10/20/2006. Sell 4 QNQ KE (Nov25) at $0.50. Called in November at $25.00. Proceeds $9,980 after commission.			$48,684
400 shares of MFLX purchased in October at $22.47 and sell 4 contracts of FUX KF (Nov$30.00) at $0.30 expiring on 11/18/2006. Not called in November. Price at $21.57 and value $8,628 on 11/18/2006. Sell 4 FUX LX (Dec22.5) at $0.70. Note that we have lowered the strike price to $22.50 since it is above the original purchase price.	+$264	still own shares	$48,684
600 shares of COGT purchased in October at $14.71 and sell 6 contracts of QAO KW (Nov$17.50) at $0.25 expiring on 11/18/2006. Exercised get-out price at $12.50 after buying back calls at 0.05. Proceeds $7,480 after commission.	($49)		$56,164
400 shares of BCSI purchased in October at $20.56 and sell 4 contracts of IYU KX (Nov$22.50) at $0.65 expiring on 11/18/2006. Called in November at $22.50. Proceeds $8,980 after commission.			$65,144
From Conservative "Stocks-to-Consider" for November 18, 2006
Buy 900 shares of ORCT at $10.56 (closing last trade price) and sell 9 contracts of QEO LV (Dec$12.50) at $0.25 (closing bid price) expiring on 12/16/2006.	+$202	$9,524	$55,620
Buy 500 shares of MRVL at $19.05 (closing last trade price) and sell 5 contracts of UVM LX (Dec$22.50) at $0.35 (closing bid price) expiring on 12/16/2006.	+$158	$9,545	$46,075
Buy 500 shares of OVTI at $17.63 (closing last trade price) and sell 5 contracts of UCM LD (Dec$20.00) at $0.70 (closing bid price) expiring on 12/16/2006.	+$333	$8,835	$37,240
Buy 400 shares of MSCC at $20.35 (closing last trade price) and sell 4 contracts of QMS LX (Dec$22.50) at $0.80 (closing bid price) expiring on 12/16/2006.	+$304	$8,160	$29,080
Buy 400 shares of URBN at $22.39 (closing last trade price) and sell 4 contracts of URQ LE (Dec$25.00) at $0.30 (closing bid price) expiring on 12/16/2006.	+$104	$8.976	$20,104
Buy 600 shares of PALM at $15.87 (closing last trade price) and sell 6 contracts of UPY LW (Dec$17.50) at $0.30 (closing bid price) expiring on 12/16/2006.	+$161	$9,542	$10,562
Buy 700 shares of TOMO at $13.75 (closing last trade price) and sell 7 contracts of QWX LC (Dec$15.00) at $0.35 (closing bid price) expiring on 12/16/2006.	+$225	$9,645	$917
Totals for November:	+$1,910		$917
Portfolio value at November 18, 2006 is $82,612 after $1,910 taken as income .

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 2006, 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 2006. 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.