A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established St Jude Medical Inc (STJ) Covered Calls for Sep08.
08/18/08 Bought 400 STJ @ $46.36
08/18/08 Sold 4 STJ Sep08 $45.00 Calls @ $2.40
Annualized Return If Stock Price Unchanged (ARIU): +24.8%
Annualized Return If Exercised (ARIE): +24.8%
Downside Breakeven Protection: 5.2%
