Re-estabish Covered Call on QQQ

The Index Covered Call (aka: ICC) trading plan 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: QQQ 

DESCRIPTION: Power Shares NASDAQ 100 

TRANSACTION TYPE: Roll

 

DESCRIPTION:   The June 22 calls expired worthless yielding $.25/contract gain. Last week CCI re-established a covered call position as described below.

 

TRANSACTION DATE: Th. 6/26/13

Action: Expired

Strike: $73

Exp. Date:  June 22, 2013

Price: $0.00

 

Action: Sell to Open

 Exp. Date: July 5, 2013 (out oneweek) 

 Strike: $72

 Price: $0.24

 

Net Credit: $.23/contract  after commissions