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Monday, March 23, 2009

Establish TeleTec Holdings Inc


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%

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