Friday, October 11, 2013

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.  


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

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