Rolled EEM Covered Call Out and Up..Twice

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:    Emerging market stocks have bounced back somewhat from their lows.  CCI adjusted the covered call position as follows.

 

TRANSACTION DATE: Fri. 02/14/14

 

Action: Buy to Close

Exp. Date: Feb. 14,  2014

Strike: $.39

Price: $.65

 

Action: Sell to Open  

Exp. Date: Feb. 22, 2014 (rolled out one week) 

Strike: $40

Price: $.23

 

Action: Buy to Close

Exp. Date: Feb. 22,  2014

Strike: $.40

Price: $.13

 

Action: Sell to Open  

Exp. Date: Mar. 7, 2014 (rolled out two weeks) 

Strike: $40.50

Price: $.24