Rolled SPY Covered Call Up and Out

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: SPY 

 

 DESCRIPTION: SPDR S&P500 

 

TRANSACTION DESC:  The S&P 500 continues to move up.  CCI rolled the monthly covered call out and up.

TRANSACTION DATE: Wed.  8/15/13 

 

Action: Buy to Close

Exp. Date: Sep 21, 2013

Strike: $171

Price: $.14

Action: Sell to Open  

Exp. Date: Sept 21 2013

Strike: $167

Price: $1.02

 

TRANSACTION DATE: Wed.  9/18/13

 

Action: Buy to Close

Exp. Date: Sep 21, 2013

Strike: $167

Price: $6.12

Action: Sell to Open  

Exp. Date: Oct 19 2013

Strike: $175

Price: $1.04