Rolled EEM Covered Call

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:  Deja vu all over again. Emerging market stocks had another sideways week and CCI rolled the $40 call out another week. (for the 5th week in a row)

 

TRANSACTION DATE: Fr.  8/9/13 

 

Action: Buy to Close

Exp. Date: Aug 9, 2013

Strike: $40

Price: $.02

Action: Sell to Open  

Exp. Date: Aug 16, 2013 (one week out) 

Strike: $40

Price: $.25

 

Net credit/contract: $.22 after commissions