Small Caps Continue to Soar, Rolled IWM Covered Call 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:  IWM

DESCRIPTION: iShares Russell 2000

 

TRANSACTION TYPE: Roll Out and Up

Small Cap Stocks continued to soar.  CCI rolled the IWM covered call position out and up and described below.

TRANSACTION DATE: Fri, Oct 18

Action: Buy to close

Exp. Date: Oct. 19,  2013

Strike: $108

Price: $2.25

 

Action: Sell to Open

Exp. Date: Nov. 16, 2013

Strike: $112

Price: $.87

Net Debit/Contract after commissions: $1.47