UNDERLYING ETF: TLT
DESCRIPTION: iShares Barclays 20+ Year Treas Bond
TRANSACTION TYPE: Established March $119 Covered Call
TRANSACTION RATIONALE: As discussed here another covered call candidate is the long term bond ETF. As Fed. meeting minutes noise seemed to drive the price of this ETF up, CCI took that as an opportunity to re-establish a covered call position on the position.
TRANSACTION DATE: Thur. Feb. 21, 2013
Action: Sell to Open
Exp. Date: Mar. 16, 2013