Sunday, April 4, 2021

NEW UCPTD Trade | CCW Assigned on 3M Corp ($3,386 - 70 days)

All rights reserved - Core Position Trading, LLC - 2021
NEW CCW TRADE
Covered Call Trade Expired (shares taken)
Covered Call position was closed on
TIME AND DATE STAMPThursday, April 1, 2021
3M Corp

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 Trade is 100% Closed, Shares Taken, Profit Breakdown
COMPANYDAYS HELDCash on Cash %TOTAL PROFIT
709.92%$3,386.00
Using 3M for multiple CCW trades and collecting a dividend along the way is what I love best about Selling Premium ... Im able to use great stocks and be profitable more times than not.
Stock Appreciation for this trade
BOUGHTSHARES TAKENSHARESINVESTEDAPPRECIATION
$170.65$180.00200$34,130.00$1,870.00
Covered Calls while holding this position?
DATEPREMIUMCONTRACTSKRUMS COLLECTED
Apr-1$3.622$724.00
Trade is CLOSED - trade went to expiration, had my shares taken with the stock trading some $10 more ... bought the shares, collected a dividend and did 2 CCW on them.
Mar-5$2.702$498.00
Trade is CLOSED -With only 0.21 left on this option and the stock moving higher ... I can buy this back, giving back 0.21 per share of my original premium profit ... and now look to write another covered call ... I collected the dividend, we can move on.
Dividends Collected during this timeframe?
DIVIDEND?SHARESDIV$KRUMS COLLECTED
YES200$1.47$294.00


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Selling Premium Education Corner (definition and links)
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 -No - Shares taken

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All of my CPT Abbreviations and Acronyms can be found below
https://cptdashboard.blogspot.com/2021/02/CPT-lingo.html

YT VIDEO - Difference between In The Money ITM Covered Calls vs Cash Secured Puts - I explain

CLICK THE YOUTUBE LINK TO WATCH THIS VIDEO https://youtu.be/5vIVzXvwkIc Difference between In The Money ITM Covered Calls vs Cash Secured Pu...