A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Microsoft Corp (MSFT) Covered Calls for Sep08.
08/18/08 Bought 500 MSFT @ $27.95
08/18/08 Sold 5 MSFT Sep08 $28.00 Calls @ $.81
Annualized Return If Stock Price Unchanged (ARIU): +32.0%
Annualized Return If Exercised (ARIE): +34.0%
Downside Breakeven Protection: 4.9%
