Monday's EEM Activity

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: Covered Call

Emerging market stocks fell over the past week, and last weeks covered call expired worthless  With EEM trading around $42.50 today CCI re-established a covered call position for the week as shown below.  Obviously not a very large premium collected this week, but every little bit helps.

TRANSACTION DATE: Mon. 3/18/13 

Action: Sell to Open  

Exp. Date: Mar. 22, 2013 (one week out) 

Strike: $43.00 

Price: $.10 

 

Net Credit/contract: $.09 after commissions