A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Travelers Companies(TRV) Covered Calls for Jun08.
05/22/08 Bought 500 TRV @ $49.28
06/05/08 Sold 5 TRV Jun08 $50 Calls @ $.85
Annualized Return If Stock Price Unchanged (ARIU): +28.4%
Annualized Return If Exercised (ARIE): +46.2%
Downside Breakeven Protection: 2.3%
