UNDERLYING ETF: TLT
DESCRIPTION: iShares Barclays 20+ Year Treasury Bond
TRANSACTION TYPE: Established Apr $119 Covered Call
TRANSACTION RATIONALE: As discussed here another covered call candidate is the long term bond ETF. With the Cyprus banking system making the US banking systems look good, and EU dysfunctional bureaucrats making US bureaucrats look like the picture of rationale, stability the US bond market is getting a "safe haven bounce". CCI used this situation to re-established a covered call position of this bond etf as shown below.
TRANSACTION DATE: Tues. Mar. 19, 2013
Action: Sell to Open
Exp. Date: Apr. 20, 2013