Rolled SPY Covered Call Down

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 DESC:  The S&P 500 pulled back this past week and CCI used the opportunity to harvest some option premium and roll the covered call position down $3 strikes as described below.

TRANSACTION DATE: Fri.  9/27/13

 

Action: Buy to Close

Exp. Date: Oct. 19, 2013

Strike: $175

Price: $.19

Action: Sell to Open  

Exp. Date: Oct 19 2013

Strike: $172

Price: $.79