Re-establish Weekly EEM Covered Call Position

The Index Covered Call Trading Plan  (aka: ICC) is CCI's approach for managing a position of index ETFs and related covered calls.  The most recent trade against this plan is described below.  A reader can find details about the rational and management of the trades at the ICC trading plan tab on CCI's home page.

UNDERLYING ETF: EEM    

DESCRIPTION: iShares Emerging Market Shares  

TRANSACTION TYPE: Buy write. 

EEM position got called away a week ago for a cumulative modest .4% gain in two weeks.  Re-established a weekly covered call in EEM today.

 

TRANSACTION DATE: Mon. 1/28/13

Action: Buy - EEM 

 Price: $43.84

 

Action: Sell to Open

Exp. Date: Feb 1, 2013 (weekly)

Strike: $44.00

Price: $.19

 

Net Cost: $43.66 after commissions