Wednesday, October 16, 2013

Rolled SPY 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. 

TRANSACTION DESC:  Late Tuesday, rolled SPY covered calls as described below
Action: Buy to Close
Exp. Date: Oct. 19, 2013
Strike: $172
Price: $.49

Action: Sell to Open  
Exp. Date: Nov 16, 2013
Strike: $172
Price: $1.96
Net Credit after commissions: $1.38

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