The Covered Calls Advisor Portfolio (CCAP) established two new covered call positions today as follows:
9/12/07 Bought 200 OIH @ 184.35
9/12/07 Sold 2 Oct07 185 Calls @ 7.70
Annualized Return If Unchanged: 40.1%
Annualized Return If Exercised: 43.5%
Downside Breakeven Protection: 4.2%
9/12/07 Bought 200 XLB @ 38.84
9/12/07 Sold 2 Oct07 39 Calls @ 1.45
Annualized Return If Unchanged: 35.8%
Annualized Return If Exercised: 39.8%
Downside Breakeven Protection: 3.7%
