A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Accenture Ltd.(ACN) Covered Calls for Sep08.
08/18/08 Bought 300 ACN @ $41.01
08/18/08 Sold 3 ACN Sep08 $40.00 Calls @ $1.90
Annualized Return If Stock Price Unchanged (ARIU): +24.0%
Annualized Return If Exercised (ARIE): +24.0%
Downside Breakeven Protection: 4.6%
