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.
Action: Sell to Open
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
Exp. Date: Feb 1, 2013 (weekly)
Net Cost: $43.66 after commissions