SPY Covered Call Rolled Out

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: SPY 

 

 DESCRIPTION: SPDR S&P500 

 

TRANSACTION DESC:  With only two days left until expiration, CCI rolled the SPY covered call out until January as described below 

 

Action: Buy to Close

Exp. Date: Dec. 21, 2013

Strike: $181

Price: $.28

 

 Action: Sell to Open  

Exp. Date: Jan, 18 2014

Strike: $181

Price: $1.20

 

Net Credit after commissions: $.92