Two new covered call positions were established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
1. Humana Inc Covered Calls Established for Dec07
11/19/07 Bought 500 HUM @ 71.60
11/19/07 Sold 5 HUM Dec07 75 Calls @ $1.70
Annualized Return If Unchanged: 26.2%
Annualized Return If Exercised: 78.8%
Downside Breakeven Protection: 2.4%
2. Travelers Companies Covered Calls Established for Dec07
11/19/07 Bought 500 TRV @ 51.23
11/19/07 Sold 5 TRV Dec07 55 Calls @ $.55
Annualized Return If Unchanged: 18.1%
Annualized Return If Exercised: 99.5%
Downside Breakeven Protection: 1.6%
