Rolled EEM Covered Call Up and Out

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: Roll - Emerging market stocks bounced back a little over the past weeks, and the covered call was rolled out and up for a small debit as described below.

 

TRANSACTION DATE: Fri. 4/26/13

Action: Buy to Close 

Exp Date: April 26, 2013

Strike: $42.00 

Price: $.40 

 

Action: Sell to Open  

Exp. Date: May 10, 2013 (two weeks out) 

Strike: $42.50

Price: $.44

 

Net Debit/contract: $.04 after commissions