A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Forest Laboratories(FRX) Covered Calls for Aug08.
06/26/08 Bought 500 FRX @ $32.70
06/27/08 Sold 5 FRX Aug08 $35 Calls @ $.85
Annualized Return If Stock Price Unchanged (ARIU): +18.2%
Annualized Return If Exercised (ARIE): +67.6%
Downside Breakeven Protection: 2.6%
