A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established iShares MSCI Taiwan ETF (EWT) Covered Calls for Sep08.
08/18/08 Bought 2000 EWT @ $13.13
08/18/08 Sold 20 EWT Sep08 $13.00 Calls @ $.55
Annualized Return If Stock Price Unchanged (ARIU): +35.3%
Annualized Return If Exercised (ARIE): +35.3%
Downside Breakeven Protection: 4.2%
