Rolled Small Cap Covered Call

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 have snapped back recently and CCI was forced to roll the  covered call position as described below.

 

TRANSACTION DATE: Feb. 21

Action: Buy to close

Exp. Date: Feb. 22,  2014

Strike: $112

Price: $3.82

 

Action: Sell to Open

Exp. Date: Feb. 28, 2014 (out one week)

Strike: $116

Price: $0.87