Thursday, June 5, 2008

Established Travelers Cos. Covered Calls

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%

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