The Covered Calls Advisor Portfolio (CCAP) established a new covered call position today as follows:
9/18/07 Bought 100 FLR @ 138.17
09/18/07 Sold 1 Oct07 140 Call @ 4.90
Annualized Return If Unchanged: 40.5%
Annualized Return If Exercised: 55.6%
Downside Breakeven Protection: 3.5%
Remember, it's Fluor not Flour.
Flour makes bread and cake.
Fluor makes petrochemical and other infrastructure facilities.