Rolled Small Cap (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

CCI  harvested some option premium and repositioned the IWM covered call position as described below.

 

TRANSACTION DATE: Jan. 10

Action: Buy to close

Exp. Date: Jan. 10,  2014

Strike: $115

Price: $0.15

 

Action: Sell to Open

Exp. Date: Jan. 24, 2014 (out two weeks)

Strike: $116

Price: $0.63