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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%