MMM had declined from $174.11 to $169.12 on the previous Friday, so I was expecting more of a decline on Monday morning. I put in a limit order of $165 before the market opening on 6/27.When it bounced just over $165 several times, I changed the limit order to $165.60 and got the stock. I chose the call since it seemed the best available at the time.
| Date | Description | Amount | ROI | aROI |
| 2016-06-27 | Buy MMM @ $165.60 | -$165.60 | ||
| 2016-06-27 | Sell MMM 7/15 2016 $165 Call @ $3.80 | $3.80 | ||
| 2016-07-15 | If assigned at expiration | $165.00 | 1.93% | 39.18% |
| 2016-06-29 | Current Price @ $171.05 | $165.00 | 1.93% | 352.66% |
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