Rolled QQQ Covered Calls Up and Out

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 Up and Out

 

DESCRIPTION:   A relatively flat week in the market provided the opportunity to harvest a small amount of option premium and roll out the covered call position closer to ATM.

 

TRANSACTION DATE: Fr. 8/9/13

Action: Buy to Close

Strike: $75.50

Exp. Date:  Aug. 9, 2013

Price: $0.93

 

Action: Sell to Open

 Exp. Date: Aug 23, 2013 (out two weeks) 

 Strike: $76.0

 Price: $.96

 

Even after commissions