I opened $MMM 20240419 110.0 CALL$  ,MMM: sold covered call on 3M for about 1% premium over a period of 31 days till expiry. 3M had been on bullish trend after gapping up on 12th Mar above its 200 days moving average and stayed above. However, it’s approaching resistant zones at around $110 which was the most recent peak. Positioned the strike price at the same range to provide some resistance and hope to collect premium without too much drama.
MMM CALL
03-19 22:43
US20240419 110.0
SidePriceRealized P&L
Sell
Open
1.08--
Closed
3M
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  • Tom Chow
    ·03-21
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