Rolled Emerging Market (EEM) Coverd Call 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:   Emerging market stocks continue to rally. As expected, CCIs covered call position was a drag on this position the last week.  The position was rolled out and up  as described below. 

 

TRANSACTION DATE: Th  9/19/13  

 

Action: Buy to Close

Exp. Date: Sept 21, 2013

Strike: $41

Price: $.1.95

 

Action: Sell to Open  

Exp. Date: Sep 27 2013 (one week out) 

Strike: $42

Price: $1.13

 

Net Debit: $.84/contract after commissions