Wednesday, November 30, 2022

CLOSED UCPTD Trade | CCW on MMM > $296 premium profit only

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CLOSED PMCC TRADE
COVERED CALL TRADE WAS CLOSED TODAYCLOSED
MMM
TIME AND DATE STAMP
Wednesday, November 30, 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 ARE AS FOLLOWS
Today, (2) Covered Call contract(s) were bought back on 3M Co (ticker: MMM) on 10/7/2022 , 16 days into this trade. I paid $0.20 per share and made a premium profit of $296 .00 The stock has fallen/risen some $-7.44 since entering this CCW trade. No ROLL or new CCW trade at this time.
CCW POSITION on MMM TRADE HAS BEEN CLOSED (RESULTS BELOW)
3M CoMMM
Strike PriceExpireClosedDays
$135.00Dec-16Nov-3015
Premium wasBuy BackTotal Premium Profit I made
$1.68$0.20$296.00
-50% Rule?Percentage Down
YES-88.10%
WHY I CLOSED this PMCC CCW Trade - this option fell from $1.68 to 0.22 with 16 days left ... lets close it and look to get another one for December as this LEAPS will expire in January so I need to try to get at least 2 more CCW on it
WHAT'S THE PLAN NOW FOR THESE MMM SHARES?
Because I didn't roll these shares for another CCW, I'm just going to take a 'wait and see' approach as the markets aren't playing nice right now.



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