A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Petrobras(PBR) Covered Calls for Jul08.
07/07/08 Bought 400 PBR @ $65.95
07/07/08 Sold 4 PBR Jul08 $65.00 Calls @ $2.95
Annualized Return If Stock Price Unchanged (ARIU): +92.2%
Annualized Return If Exercised (ARIE): +92.2%
Downside Breakeven Protection: 4.5%
