Seven Positions Closed

Friday was options expiration for July 2012.  Two positions (Apple Inc. and Halliburton Inc.) were called away upon expiration.  Today, seven positions (Goldcorp Inc., Hartford Financial Services Group, Hess Corp., iShares MSCI China ETF, iShares Emerging Markets ETF, Market Vectors Russia ETF, and Morgan Stanley) were sold.  The cash from these sales will remain in the Covered Calls Advisor Portfolio until new covered calls opportunities arise.  The existing Aug2012 covered calls positions in Mylan Inc. and Valero Energy remain in the portfolio.