The Covered Calls Advisor Portfolio (CCAP) contained a total of six covered calls positions with March 2011 expirations, with the following results:
- A decision was made on options expiration Friday this week to roll-up-and-out from an in-the-money Mar2011 covered calls position in Petrobras into an Apr2011 position. A post was made on this blog on Friday when these transactions occurred.
- The remaining five covered calls positions in the CCAP (China Mobile Ltd., International Paper, iShares MSCI Brazil ETF, iShares MSCI Emerging Markets ETF, and iShares MSCI South Korea ETF) ended out-of-the-money. Decisions will be made early this week to either sell the equities, or to keep them and sell calls to establish Apr2011 covered call positions. The related transactions will be made this week and the will be posted on this blog site on the same day they occur.
