Monday, August 18, 2008

Establish iShares MSCI China ETF Covered Calls

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

Established iShares MSCI China ETF (FXI) Covered Calls for Sep08.

08/18/08 Bought 800 FXI @ $40.60
08/18/08 Sold 8 FXI Sep08 $44.00 Calls @ $.60

Annualized Return If Stock Price Unchanged (ARIU): +16.3%
Annualized Return If Exercised (ARIE): +109.0%
Downside Breakeven Protection: 1.5%

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