Rolled EEM Covered Calls

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:   CCI rolled the covered call  position as described below.

 

TRANSACTION DATE: Fri 10/11/13  

 

Action: Buy to Close

Exp. Date: Oct 11, 2013

Strike: $42

Price: $.62

 

Action: Sell to Open  

Exp. Date: Oct 18, 2013 (one week out) 

Strike: $42.50

Price: $.55

 

Net Debit: $.09 after commissions