Tuesday, March 18, 2014

Rolle EEM Covered Calls

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 slumped recently, and CCI used the opportunity to harvest some premium and rolled the covered call position out and down as described below.
 
TRANSACTION DATE: Mon. 03/17/14
 
Action: Buy to Close
Exp. Date: Mar. 22,  2014
Strike: $40.50
Price: $.33
 
Action: Sell to Open  
Exp. Date: Apr, 4 2014 (rolled out two weeks) 
Strike: $40.00
Price: $.30

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