Rolled SPY Covered Call Out One Month

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: SPY

DESCRIPTION: SPDR S&P500 

 

TRANSACTION TYPE:  Rolled the monthly covered call position in the S&P 500 out one month.

TRANSACTION DATE: Fr.  8/9/13 

 

Action: Buy to Close

Exp. Date: Aug 17, 2013

Strike: $171

Price: $.33

Action: Sell to Open  

Exp. Date: Sep, 21 2013 (one month out) 

Strike: $171

Price: $1.83 

 

Net credit/contract: $1.42 after commissions