Wednesday, October 24, 2007

Buy Halliburton

The Covered Calls Advisor Portfolio (CCAP) established the following new covered call position:

10/24/07 Bought 700 HAL @ 40.01
10/24/07 Sold 7 HAL Nov07 40 Calls @ $1.25

Annualized Return If Unchanged: 47.1%
Annualized Return If Exercised: 47.1%
Downside Breakeven Protection: 3.1%

This position completes the establishing of positions for Nov07 covered calls. Approximately $9,600 cash (3.7% of total CCAP value) remains in CCAP to cover potential management of existing positions, such as roll ups.

Please click on the comments link below if you have any questions or feedback on the CCAP. Your comments are always appreciated.

Regards and Godspeed

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