Rolled Covered Call in IWM 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. 

UNDERLYING ETF:  IWM

DESCRIPTION: iShares Russell 2000

 

TRANSACTION TYPE: Roll Out and Up

Small Cap Stocks continued to perform well.  CCI rolled the IWM covered call position out and up and described below.

TRANSACTION DATE: Fri, Sep 20

Action: Buy to close

Exp. Date: Sept 20,  2013

Strike: $105

Price: $1.93

 

Action: Sell to Open

Exp. Date: Oct. 19, 2013

Strike: $108

Price: $1.13

Net Debit/Contract after commissions: $.80