Rolled EEM Covered Call Out One Week

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 

Emerging market stocks moved sideways again this week.  CCI rolled the covered call out one week as described below. 

TRANSACTION DATE: Fri. Jul 26

Action: Buy to close  

Exp. Date: July 26, 2013 

Strike: $40

Price: $.01

Action: Sell to Open  

Exp. Date: Aug 2, 2013 (one week out) 

Strike: $40

Price: $.28

Net credit/contract: $.26 after commissions