IE/IWM -- Income for Week 9

In addition to doing a buy/write to generate week 9 income, there was also a $0.02 limit order triggered:

Date	Group	Description	Result	Total	Shares	Price	Comm	Fees	Week	Income	Week2
2014-04-30	F	STO 4 IWM 5/9 2014 $110 Call	Open	$668.89	4	$1.71	$14.95	$0.16	9	$668.89	--
2014-04-30	F	Buy 400 Shares IWM	Open	-$44,060.95	400	$110.13	$8.95	$0.00	7	--	8
2014-04-28	A	BTC 8 IWM 5/9 2014 $119 Call	--	-$21.23	8	$0.02	$4.95	$0.28	2	-$21.23	--
2014-03-18	A	Buy 800 Shares IWM	Open	-$95,520.95	800	$119.39	$8.95	$0.00	1	--	8

So now I have 800 shares, cost basis $119, that I need to sell calls on. Currently, that would mean going out to the 2014-07-09 expiration date. Since the calls on another 1000 shares are near the $0.02 limit order, I'm going to wait a bit before selling new calls.

I should note that I tried something different for today's orders. I've toyed with a 2-day RSI in the past. I used them to place contingent orders for today. The above buy/write was one of those contingent orders. That order was written as:

-- If the price of IWM drops below $110.17,
-- Then do a buy/write of 400 shares of IWM and four 5/9 2014 $110 calls for a net of $108.60.

I ended up with a net of $108.42 (before transaction costs), so that worked out. I used the 2-day RSI value of 10 to find the trigger price. This is what my workbook had:

Next Intraday Price	Next 2-Day RSI	Description
$110.18	10.0000	<=== Buy Target Price
$115.17	90.0000	<=== Sell Target Price

I also have a contingent order for selling the calls for the 800 share of IWM that were bought at $119. It says:

-- If the price of IWM rises above $115,
-- Then sell eight 5/17 2014 $119 calls with a limit price of $0.85

My limit prices were set based on how the data looked at yesterday's closing prices.