Wednesday, November 28, 2007

Buy iShares MSCI South Korea Index ETF and Hewlett-Packard Co.

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

1. iShares MSCI South Korea Index ETF
11/28/07 Bought 800 EWY @ 65.22
11/28/07 Sold 8 EWY Dec07 68 Calls @ $1.75

Annualized Return If Unchanged: 40.8%
Annualized Return If Exercised: 105.6%
Downside Breakeven Protection: 2.7%

2. Hewlett-Packard Co.
11/28/07 Bought 500 HPQ @ 49.96
11/28/07 Sold 5 Dec07 52.5 Calls @ $.55

Annualized Return If Unchanged: 16.7%
Annualized Return If Exercised: 94.1%
Downside Breakeven Protection: 1.1%

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