Rolle EEM 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: EEM   
DESCRIPTION: iShares Emerging Market Shares   

TRANSACTION TYPE:    Emerging market stocks have slumped recently, and CCI used the opportunity to harvest some premium and rolled the covered call position out and down as described below.

 

TRANSACTION DATE: Mon. 03/17/14

 

Action: Buy to Close

Exp. Date: Mar. 22,  2014

Strike: $40.50

Price: $.33

 

Action: Sell to Open  

Exp. Date: Apr, 4 2014 (rolled out two weeks) 

Strike: $40.00

Price: $.30