Rolled Covered Call in Emerging Markets ETF (EEM) Up and Out

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:   The emerging market ETF moved upward last week.  At the end of the week CCI rolled the covered call  position as described below.

 

TRANSACTION DATE: Fri 10/18/13 

 

Action: Buy to Close

Exp. Date: Oct 19, 2013

Strike: $42.50

Price: $.92

 

Action: Sell to Open  

Exp. Date: Oct 25, 2013 (one week out) 

Strike: $43

Price: $.66

 

Net Debit: $.29 after commissions