UNDERLYING ETF: SPY
DESCRIPTION: SPDRs S&P500
TRANSACTION TYPE: Roll the March $154 Call to the April $157 Call
TRANSACTION RATIONALE: The market continues its melt up and Mar. option expiration is here, so it was time to take the loss on the covered call, preserve the gain in the underlying and move out to the April expiration.
TRANSACTION DATE: Wed. Mar. 13, 2013
Action: Buy to Close
Exp. Date Mar. 16, 2013
Price: $1.73 Action: Sell to Open Exp. Date: Apr. 20, 2013 Strike: $157 Price: $1.18