New CC Trade: MMM

In February, I purchased 300 shares of MMM for a covered call trade. This week I sold March calls against those positions. When I sold the options, the stock was in the 133 range. I don’t see the stock being at 135 come expiration Friday (21 March) so I sold the 130 calls instead of the 135.

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

300s 130.05 45,780.00 130.00 46,000.00 0.00 -15.00 0.0%
3 Mar 130 calls 4.10 1,230.00 0.00 1,230.00 3.1%
               
TOTAL PROFIT           1,215.00 3.1%


My charts for this trade:

 

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Screen Shot 2013-06-18 at 8.07.12 AM

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4 thoughts on “New CC Trade: MMM

    • No, there wasn’t much movement on that one but I expected that. That’s why I sold the 130 call options instead of the 135. The 130s were paying more up front than the 135s and if it’s not above 130 on Friday I’m only out 5cents per share.

  1. Pingback: Closed CC Trade: MMM | Tela's Trading Journal

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