Wednesday, December 4, 2013

Keep on Rolling Emerging Market 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 harvested some option premium and re-establish the covered call position as described below.

Action: Buy to Close
Exp. Date: Dec,  6 2013
Strike: $42
Price: $.14
Action: Sell to Open  
Exp. Date: Dec. 13, 2013 (one weeks out
Strike: $42
Price: $.33

Net Debit: $.18 after commissions

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