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Monday, December 22, 2008

Establish Raytheon Covered Calls

A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) with the purchase of the Raytheon Company (RTN).

Established Raytheon (RTN) Covered Calls for Jan09:
12/22/08 Bought 300 RTN @ $49.20
12/22/08 Sold 3 RTN Jan09 $47.50 Calls @ $2.60

Annualized Return If Unchanged (ARIU): +33.6%
Annualized Return If Exercised (ARIE): +33.6%
Downside Breakeven Protection: 5.9%

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