I’ve sold the Mar 105 call options against my MMM stock. If I am called out of the stock come expiration Friday (Mar 15th) I will make a total profit of 4.1%. For those new to options, I just want to point out that the premium (or sell price) for the call option is received at time of sale. So, even if I am not called out of this position come Mar 15th I’ve already profited 1% as I was paid the $500 when I sold this morning.
Here’s a look at my potential profit:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
Here are my current charts for this trade:
If you’re curious about why I chose to sell the March 105 call options, click on over and read my post about doing the math.