11/21/2012 Bought 1,000 SH shares @ $35.10
Stock Purchase Cost: $35,108.95
= $35.10 x 1,000 shares + $8.95 commissions
This long position in an inverse ETF provides an added hedge against the Covered Calls Advisor Portfolio's long positions. This position will benefit the overall portfolio performance (relative to the Russell 3000 benchmark) if the market declines since SH will increase in direct proportion to any decline in the S&P 500 while this position is held.
With this position, this advisor's overall portfolio exposure is now approximately 65% long, 15% short, and 20% cash.
