Rolled EEM Coverd Calls

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 again.  CCI used this opportunity to harvest option premium, and re-establish the covered call  as described below.

 

TRANSACTION DATE: Wed  10/22/13  

 

Action: Buy to Close

Exp. Date: Oct 4, 2013

Strike: $42.5

Price: $.03

 

Action: Sell to Open  

Exp. Date: Oct 11, 2013 (one week out) 

Strike: $42

Price: $.32

 

Net Credit: $.27 after commissions