Search This Blog

Tuesday, April 22, 2008

Buy Microsoft and Bank of New York Mellon

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

1. Microsoft Covered Calls Established for May08

04/22/08 Bought 1000 MSFT @ $30.02
04/22/08 Sold 10 MSFT May08 $31 Calls @ $.82

Annualized Return If Stock Price Unchanged (ARIU): +39.8%
Annualized Return If Exercised (ARIE): +87.5%
Downside Breakeven Protection: 2.7%

2. Bank of New York Mellon Covered Calls Established for May08

04/22/08 Bought 500 BK @ $40.67
04/22/08 Sold 5 BK May08 $40 Calls @ $2.05

Annualized Return If Stock Price Unchanged (ARIU): +47.6%
Annualized Return If Exercised (ARIE): +47.6%
Downside Breakeven Protection: 5.0%

No comments:

Post a Comment