EEM Covered Call Rolled

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 Out and Up

Emerging market stocks moved up last week and CCI rolled the covered call position up and out in the two transactions described below. The $38.50 covered call lost about $.25.contract.

 

TRANSACTION DATE: Fri 7/12/13 & Mon 7/15/13

 

Action: Buy to close  

Exp. Date: July 12, 2013 

Strike: $38.50

 Price: $.48

 

Action: Sell to Open  

Exp. Date: July 20, 2013 (one week out) 

Strike: $40

Price: $.22

 

Net debit/contract: $.28 after commissions