The Covered Calls Advisor Portfolio (CCAP) established two new covered call positions today as follows:
9/11/07 Bought 500 HPQ @ 49.78
9/11/07 Sold 5 Oct07 50 Calls @ 1.75
Annualized Return If Unchanged: 32.1%
Annualized Return If Exercised: 36.1%
Downside Breakeven Protection: 3.5%
9/11/07 Bought 400 EFA @ 77.75
9/11/07 Sold 4 Oct07 78 Calls @ 2.50
Annualized Return If Unchanged: 30.1%
Annualized Return If Exercised: 33.1%
Downside Breakeven Protection: 3.2%
