The establishing of initial positions in the Covered Calls Advisor Portfolio (CCAP) is now completed. The total initial capital investment in the account is $250,000. All trades were made in a CBOE Virtual Trader account powered by Options Xpress.
The worksheet below shows the 11 covered call positions now in the portfolio. The total cost of purchasing these positions (including commissions) was $240,051.40, so there is an additional $9,948.60 in cash in the account for a starting total investment of $250,000.
From this initial stake of $250,000, this CCAP will be managed on an ongoing basis with the primary objective being to achieve market-beating returns. All transactions will be documented on this blog site the same day they are made and financial tracking results will be posted at the close of each calendar month beginning next month (October '07). Note: There will be no cash deposits or withdrawals made with CCAP (except for any dividends earned on stocks held in the account), so monitoring portfolio results compared with the original $250,000 investment will be very straightforward.
Readers: Your thoughts and ideas are always welcome here -- simply click on the 'Comments' link below; or if you prefer greater confidentiality email the Covered Calls Advisor at firstname.lastname@example.org
Regards and Godspeed