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

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	NEW TRADE ALERT
	Friday, March 20, 2020
	Covered Call Option Buy Back
	Closed a 3M Corp. position with 3M Corp. (MMM) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$793.96		16	1.73%
	The trade results and did it meet expectations?
	Why did I BUY BACK this CCW when its pretty much 100% sure 3M was not going to close above $160 ... well, getting $2.95 for this CCW and paying back a mere 0.30 cents ... I thought for 0.30 cents, lets take this off the board and now see what we can get for another strike price and expiration ... I'm guessing, even in these markets I can find a better premium then waiting for this 0.30 cents to clear ... My cost basis is much MUCH lower so I can write strikes closer to where 3M is trading ... I wont because I don't want to lose the work/profits I done/made ... we'll research the strikes and see where to go from here ... and if by the grace of God the news isn't as bad for the virus the markets will move higher and this one will be a good buy back all things considered.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Mar-4	3M Corp.	MMM	300	$153.12
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$160.00	Apr-9	$2.95	3	1.73%
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	$153.12			$793.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$2.95	$0.30	$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

	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.
	Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com
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