UNDERLYING ETF: EEM
DESCRIPTION: iShares Emerging Market Shares
TRANSACTION TYPE: Roll - Emerging market stocks haven fallen over the past weeks. The May 31 $43.50 options expired this past weekend generating a $.43/contract gain to somewhat mitigate the loss in the underlying ETF. CCI re-established a covered call position as described below.
TRANSACTION DATE: Mon. 6/3/13
Action: Sell to Open
Exp. Date: June 14, 2013 (two weeks out)
Net credit/contract: $.40 after commissions