A new covered calls position was established today in the Covered Calls Advisor Portfolio(CCAP) as follows:
Established EMCOR Group(EME) Covered Calls for Jul08.
07/02/08 Bought 500 EME @ $26.64
07/02/08 Sold 5 EME Jul08 $27.50 Calls @ $.70
Annualized Return If Stock Price Unchanged (ARIU): +56.3%
Annualized Return If Exercised (ARIE): +125.7%
Downside Breakeven Protection: 2.6%
