Rolled Small Cap Covered Call Out & 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:  IWM

DESCRIPTION: iShares Russell 2000

 

TRANSACTION TYPE: Roll Out and Down

Small cap stocks stopped their torrid pace recently and CCI was finally able to harvest some option premium as described below.

 

TRANSACTION DATE: Fri, Nov 18

Action: Buy to close

Exp. Date: Nov. 16,  2013

Strike: $112

Price: $.04

 

Action: Sell to Open

Exp. Date: Dec 6, 2013

Strike: $110

Price: $.86

Net Credit/Contract after commissions: $.81