Rolled EEM Covered Calls Again

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:   Emerging market stocks pulled back earlier this week, and CCI used this opportunity to harvest option premium and re-establish the covered call strike above the market as described below.

 

TRANSACTION DATE: Tues  9/24/13  

 

Action: Buy to Close

Exp. Date: Sept 27, 2013

Strike: $42

Price: $.29

 

Action: Sell to Open  

Exp. Date: Oct 4, 2013 (one week out) 

Strike: $42.5

Price: $.31

 

  Even after commissions