If Its Monday, It Is Time to Sell a 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. 

Emerging market stocks continue to drift lower, and last weeks covered call expired.  Time to put this weeks call back on.     

TRANSACTION DATE: Mon. 3/4/13

Action: Sell to Open
Exp. Date: Mar. 8, 2013 (one week out) 
Strike: $43.00
Price: $.24

Net Credit/contract: $.23 after commissions