UNDERLYING ETF: EEM
DESCRIPTION: iShares Emerging Market Shares
TRANSACTION TYPE: Covered Call
Emerging market stocks fell over the past week, and last weeks covered call expired worthless With EEM trading around $42.50 today CCI re-established a covered call position for the week as shown below. Obviously not a very large premium collected this week, but every little bit helps.
TRANSACTION DATE: Mon. 3/18/13
Action: Sell to Open
Exp. Date: Mar. 22, 2013 (one week out)
Net Credit/contract: $.09 after commissions