Tuesday, January 14, 2014

Re-establish Covered Call in EMM

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:    Emerging market stocks fell rather quickly making the prior covered call position obsolete quickly. CCI let the last covered call position expired, and conservatively re-established the covered call position. Details below.

TRANSACTION DATE: Tues. 01/14/14
Action: Buy to Close
Exp. Date: Jan. 10,  2014
Strike: $41.50
Price: $.00 (expired)
Action: Sell to Open  
Exp. Date: Jan. 31, 2014 (rolled out nearly three weeks) 
Strike: $41.50
Price: $.16

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