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. 

 UNDERLYING ETF: EEM

 DESCRIPTION: iShares Emerging Market Shares 
 

TRANSACTION TYPE:    CCI harvested some option premium and re-establish the covered call position as described below.

TRANSACTION DATE: Wed 12/4/13 

 

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