Rolled Emerging Market Covered Call Up and 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.

UNDERLYING ETF: EEM   
DESCRIPTION: iShares Emerging Market Shares   

TRANSACTION TYPE:    Emerging market stocks went sideways this past week, and CCI used the opportunity to harvest some premium and roll the covered call position up and out and described below.

 

TRANSACTION DATE: Fri. 02/28/14

 

Action: Buy to Close

Exp. Date: Mar. 7,  2014

Strike: $40.5

Price: $.11

 

Action: Sell to Open  

Exp. Date: Mar, 22 2014 (rolled out two weeks) 

Strike: $40.50

Price: $.33