A new covered call position was established today in the Covered Calls Advisor Portfolio(CCAP) with the purchase of TeleTec Holdings Inc (TTEC) covered calls.
A summary of the transactions is as follows:
Established TeleTec Holdings Inc Covered Calls for Apr09:
03/23/09 Bought 600 TTEC @ $10.14
03/23/09 Sold 6 TTEC Apr09 $10.00 Calls @ $.64
Absolute Return if Exercised at $10.00: +4.9%
= [$.64-($10.14-$10.00)]/$10.14
Annualized Return if Exercised: +69.0%
Downside Breakeven Price Point: $9.50
Downside Breakeven Protection: 6.3%
