Tuesday, July 8, 2008

Establish Hewlett-Packard Covered Calls

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

Established Hewlett-Packard(HPQ) Covered Calls for Jul08.

07/08/08 Bought 400 HPQ @ $43.74
07/08/08 Sold 4 HPQ Jul08 $45.00 Calls @ $.50

Annualized Return If Stock Price Unchanged (ARIU): +37.9%
Annualized Return If Exercised (ARIE): +133.5%
Downside Breakeven Protection: 1.1%

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