Monday, November 19, 2007

Buy Humana and Travelers

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

1. Humana Inc Covered Calls Established for Dec07

11/19/07 Bought 500 HUM @ 71.60
11/19/07 Sold 5 HUM Dec07 75 Calls @ $1.70

Annualized Return If Unchanged: 26.2%
Annualized Return If Exercised: 78.8%
Downside Breakeven Protection: 2.4%


2. Travelers Companies Covered Calls Established for Dec07

11/19/07 Bought 500 TRV @ 51.23
11/19/07 Sold 5 TRV Dec07 55 Calls @ $.55

Annualized Return If Unchanged: 18.1%
Annualized Return If Exercised: 99.5%
Downside Breakeven Protection: 1.6%

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