| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 32 | May 2, 2022 | June 3, 2022 | |||||||
MMM |  | TIME AND DATE STAMP | |||||||
| Monday, May 2, 2022 | |||||||||
| 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'. | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (2) Covered Call contract(s) were sold on 3M Co (ticker: MMM) for the May-27 Expiration Date, $155 Strike Price for a Premium of $1.5 MMM was trading for $147.1 a share. | |||||||||
| I have owned these shares with an original cost basis of $160.85 | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| This is a standard covered call where I purchased the shares outright and now am writing covered calls on the shares. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $147.10 | May-2 | $1.50 | 2 | ||||||
| Strike Price | Expire | Days | Possible Prem Profit | ||||||
| $155.00 | Jun-3 | 32 | $300.00 | ||||||
| WHY I OPENED this CCW > Loved how 3M cleared earnings to the upside and with this $155 strike being some $8 out ... I think I can manage it if needed ... of course that's exactly what I will do as I do not want these shares taken but its a krums, we like krums | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $160.85 | Purchased | $160.85 | -$25,872.72 | ||||||
| Current Price | My Cost | Shares | Up or Down? | ||||||
| $146.99 | $160.85 | 200 | -$2,772.00 | ||||||
| HAVE I SOLD COVERED CALLS? YES > | $1,510.00 | ||||||||
| 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. | |||||||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | |||||||||
| Feel free to email me if you have questions and/or concerns about this post - corepositiontrading@gmail.com - I usually will get back with you in 48 hours or sooner | |||||||||
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