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Tuesday, April 1, 2008

Buy Microsoft

A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:

Established Microsoft Corporation (MSFT) Covered Calls for Apr08

03/31/08 Bought 1000 MSFT @ $28.54
04/01/08 Sold 10 MSFT Apr08 $29 Calls @ $.65

Annualized Return If Stock Price Unchanged (ARIU): +46.1%
Annualized Return If Exercised (ARIE): +78.9%
Downside Breakeven Protection: 2.3%

3 comments:

  1. My chart shows a low of 28.63 on April 1. Maybe this is an April fools joke?

    ReplyDelete
  2. Good catch Gerald. The Microsoft purchase at $28.54 was made on 3/31/08.

    ReplyDelete
  3. I've been following both of your blogs for a month now and its been inspiring.Would you be willing to share with us which brokerage service
    you use and why?

    ReplyDelete