Re-established Covered Call in Emerging Market ETF (EEM)

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 (EEM) stopped its recent downward slide today, and CCI used that move to harvest option premium and re-establish the covered call position as described below.

 

TRANSACTION DATE: Thur 11/14/13 

 

Action: Buy to Close

Exp. Date: Nov.  16, 2013

Strike: $44

Price: $.01

 

Action: Sell to Open  

Exp. Date: Nov. 29, 2013 (two weeks out) 

Strike: $42

Price: $.25

 

Net Debit: $.23 after commissions