Wednesday, July 3, 2013

Rolled EEM Calls Out and Up

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. 


DESCRIPTION: iShares Emerging Market Shares
TRANSACTION TYPE:  Roll Out and Down
Emerging market stocks stabilized this week, and CCI used this pause to roll out and up the covered call position in EEM as described below.

Action: Buy to close  
Exp. Date: July 5, 2013 
Strike: $38
 Price: $.23
Action: Sell to Open  
Exp. Date: July 12, 2013 (one week out) 
Strike: $38.50
Price: $.26
Net credit/contract: $.01 after commissions

No comments:

Post a Comment