Sold Weekly EEM Calls

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: Sell Call to Open. 

The weekly call last week expired generating a .46% gain for the week. 

With EEM trading around $43.70 this morning, replaced that covered call position.

 

TRANSACTION DATE: Tues. 2/11/13

Action: Sell to Open

Exp. Date: Feb. 16, 2013 (one week out,happens to be the monthly option)

Strike: $44.00

Price: $.17

 

Net Credit/contract: $.156 (.35%) after commissions