UNDERLYING ETF: SPY
DESCRIPTION: SPDR S&P500
TRANSACTION TYPE: The market moved down aggressively and the previous covered call lost its effectiveness. CCI harvested profits and rolled the call down two strikes. CCI will be looking to roll the call out to March if/when market conditions allow.
TRANSACTION DATE: Fri. 01/31/14
Action: Buy to Close
Exp. Date: Feb. 22, 2014
Action: Sell to Open
Exp. Date: Feb. 22 2014 (rolled out nearly three weeks)