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 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call position was opened on | ||||
| TIME AND DATE STAMP | Wednesday, December 8, 2021 | |||
3M |  | |||
| DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. | ||||
| This (30) day trade begins and ends for the dates below | ||||
| 30 | December 8, 2021 | January 7, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $202.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-7 | 1 | $180.00 | $2.02 | $202.00 |
| OPEN PMCC CCW - I've wanted action on MMM for awhile now and with the dividend being last month ... i thought, "why own the shares when I can try a PMCC?" and that what I did ... Buying the $125 LEAP and paying only 0.80% in TimeValue when my GR is 2% or less ... this is at least a great setup and the CCW trade IF SHARES TAKEN will pay a total 10.75% CoC% gain for this 30 day trade. | ||||
| DAYS | 30 | DELTA | 0.2716 |  |
| Details LEAP Call option I'm using for this PMCC | -$5,600.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| MMM | Jan2023 | $56.00 | $56.00 | |
| CONTRACTS | 1 | DELTA | 0.94 | |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. | ||||
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