A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established Spirit Aerosystems (SPR) Covered Calls for Sep08.
08/18/08 Bought 300 SPR @ $23.35
08/18/08 Sold 3 SPR Sep08 $25.00 Calls @ $.70
Annualized Return If Stock Price Unchanged (ARIU): +33.1%
Annualized Return If Exercised (ARIE): +111.3%
Downside Breakeven Protection: 3.0%
