I opened $MMM 20240809 106.0 CALL$  ,MMM: collect 1.65% for this covered call on MMM. The strike was set at $106 which is about 4.5% higher than current market price. Contract duration is for 32 days to expire on 9th Aug. The counter had been pretty range bound with upward bias following its moving averages. Strike was set above holding cost so it’s a risk free trade.
MMM CALL
07-08 23:18
US20240809 106.0
SidePriceRealized P&L
Sell
Open
1.80--
Closed
3M
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  • Nice covered call strategy on MMM
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