Re-establish Weekly Covered Call in EEM

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: Sell Call to Open. 

CCI had no covering call in place during last weeks holiday shortened week.  Late last Friday, a covered call position for this week (option expiring 3/1/13) was established.      

TRANSACTION DATE: Fri. 2/22/13
 

Action: Sell to Open
Exp. Date: Mar. 1, 2013 (one week out) 
Strike: $43.50
Price: $.28 
 

Net Credit/contract: $.27 after commissions