Search This Blog

Wednesday, September 12, 2007

Buy Oil Service HOLDRS ETF and Materials Select Sector SPDR ETF

The Covered Calls Advisor Portfolio (CCAP) established two new covered call positions today as follows:

9/12/07 Bought 200 OIH @ 184.35
9/12/07 Sold 2 Oct07 185 Calls @ 7.70

Annualized Return If Unchanged: 40.1%
Annualized Return If Exercised: 43.5%
Downside Breakeven Protection: 4.2%


9/12/07 Bought 200 XLB @ 38.84
9/12/07 Sold 2 Oct07 39 Calls @ 1.45

Annualized Return If Unchanged: 35.8%
Annualized Return If Exercised: 39.8%
Downside Breakeven Protection: 3.7%

No comments:

Post a Comment