NEW UCPTD Trade Alert - Option Buy Back - MMM - Covered Call

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	NEW TRADE ALERT
	Monday, February 24, 2020
	Covered Call + Dividend Capture Strategy
	Closed a Covered Call position with 3M Corp (MMM) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$896.96		40	2.77%	25.27%
	The trade results and did it meet expectations?
	FINAL RESULT = Option Profit ... with this stock falling to $153 and this being an ITM strike, I picked up the DIV because I held the stock thru the EX-Date, I get that downside protection (not much but still) and with the markets tanking, this is just a good time to take the trade off the board, pocket the difference and we'll be watching ... I probably pulled the trigger to quick but not gonna apologize ... we get a snap back like I'm hoping, I'll write another CC on 3M and we'll keep repeating.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Feb-11	3M Corp	MMM	200	$161.94
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$160.00	Mar-13	$4.40	2	2.43%
BUY BACK	WHY DID I BUY THIS OPTION BACK?
	read above on this one
	RESULTS FROM THE OPTION BUY BACK
	SYMBOL	WHEN STOCK WAS TRADING @			CASH PROFIT
	MMM	$153.x			$896.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$4.40	$1.38	$0.00	$3.02	N/A
	Always look at a company's chart ... it tells a story and that story could be UP or DOWN

https://finance.yahoo.com/quote/MMM?p=MMM

	Education Corner
	Great Covered Call video posted at
	Covered Call - Description - A covered call is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying instrument, such as shares of a stock or other securities. ... writing (i.e. selling) a call generates income in the form of the premium paid by the option buyer. Source - https://en.wikipedia.org/wiki/Covered_call
	Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its performance. I have risked my own money and am accountable for the trade results.
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