Rolled EEM Calls Out and Up

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:  Roll Out and Down

Emerging market stocks stabilized this week, and CCI used this pause to roll out and up the covered call position in EEM as described below.

 

TRANSACTION DATE: Wed 7/7/13

 

Action: Buy to close  

Exp. Date: July 5, 2013 

Strike: $38

 Price: $.23

 

Action: Sell to Open  

Exp. Date: July 12, 2013 (one week out) 

Strike: $38.50

Price: $.26

 

Net credit/contract: $.01 after commissions