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Tuesday, November 20, 2007

Buy Celanese, Intel, and Kinetic Concepts

Three new covered call positions were established today in the Covered Calls Advisor Portfolio(CCAP) as follows:

1. Celanese Corp Covered Calls Established for Dec07

11/20/07 Bought 200 CE @ 36.56
11/20/07 Sold 2 CE Dec07 40 Calls @ $.60

Annualized Return If Unchanged: 18.7%
Annualized Return If Exercised: 126.0%
Downside Breakeven Protection: 1.6%


2. Intel Corp Covered Calls Established for Dec07

11/20/07 Bought 1000 INTC @ 25.59
11/20/07 Sold 10 INTC Dec07 25 Calls @ $1.28

Annualized Return If Unchanged: 30.7%
Annualized Return If Exercised: 30.7%
Downside Breakeven Protection: 5.0%


3. Kinetic Concepts Inc Covered Calls Established for Dec07

11/20/07 Bought 400 KCI @ 59.53
11/20/07 Sold 5 KCI Dec07 60 Calls @ $2.35

Annualized Return If Unchanged: 45.0%
Annualized Return If Exercised: 54.0%
Downside Breakeven Protection: 3.9%