Three new covered call positions were established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
1. Celanese Corp Covered Calls Established for Dec07
11/20/07 Bought 200 CE @ 36.56
11/20/07 Sold 2 CE Dec07 40 Calls @ $.60
Annualized Return If Unchanged: 18.7%
Annualized Return If Exercised: 126.0%
Downside Breakeven Protection: 1.6%
2. Intel Corp Covered Calls Established for Dec07
11/20/07 Bought 1000 INTC @ 25.59
11/20/07 Sold 10 INTC Dec07 25 Calls @ $1.28
Annualized Return If Unchanged: 30.7%
Annualized Return If Exercised: 30.7%
Downside Breakeven Protection: 5.0%
3. Kinetic Concepts Inc Covered Calls Established for Dec07
11/20/07 Bought 400 KCI @ 59.53
11/20/07 Sold 5 KCI Dec07 60 Calls @ $2.35
Annualized Return If Unchanged: 45.0%
Annualized Return If Exercised: 54.0%
Downside Breakeven Protection: 3.9%
