Thursday, December 19, 2013

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. 

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

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