Establish iShares MSCI Taiwan ETF Covered Calls

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%