Tuesday, September 24, 2013

Rolled EEM Covered Calls Again

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:   Emerging market stocks pulled back earlier this week, and CCI used this opportunity to harvest option premium and re-establish the covered call strike above the market as described below.
TRANSACTION DATE: Tues  9/24/13  
Action: Buy to Close
Exp. Date: Sept 27, 2013
Strike: $42
Price: $.29
Action: Sell to Open  
Exp. Date: Oct 4, 2013 (one week out
Strike: $42.5
Price: $.31
  Even after commissions

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