On Monday, a new covered calls position was established in iShares MSCI South Korea Capped ETF (ticker symbol EWY) at the $55.00 strike price and for the Dec2014 expiration as follows:
10/24/2014 Bought 300 shares EWY at $56.68
10/24/2014 Sold 3 EWY Dec2014 $55.00 Call options at $1.93
The return-on-investment for this position will not be reported until this position is closed since there will likely be an ex-dividend on Wednesday, Dec 17th which is two days prior to the Dec 19th expiration; and the announcement on the amount of the dividend will not occur until the day prior to the ex-dividend.
