Rolled Emerging Market (EEM) Covered Calls Out and 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: EEM   
DESCRIPTION: iShares Emerging Market Shares   

TRANSACTION TYPE:    Emerging market stocks have fallen recently and CCI harvested some option premium and re-establish the covered call position as described below.

TRANSACTION DATE: Mon 12/23/13 

 

Action: Buy to Close

Exp. Date: Jan. 3,  2013

Strike: $42

Price: $.07

 

Action: Sell to Open  

Exp. Date: Jan. 10, 2013 (rolled out one week further) 

Strike: $41.50

Price: $.28

Net Credit: $.20 after commissions