Rolled IWM Covered Calls

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 rise and CCI rolled the  covered call position as described below.

 

TRANSACTION DATE: Feb. 28

Action: Buy to close

Exp. Date: Feb. 28,  2014

Strike: $116

Price: $2.32

 

Action: Sell to Open

Exp. Date: Mar. 14, 2014 (out two weeks)

Strike: $118

Price: $1.58