Friday, August 24, 2018

MMM -- Closed Dividend Play

MMM closed ITM, so it will be exercised tonight. This one worked out perfectly. I will collect the dividend because the price was less than the strike price as it went ex-dividend, but the price still recovered enough to go over the strike price of the call.

Date Description AmountROIaROIProfit
2018-08-20Buy MMM @ $204.73-$204.73
2018-08-23Div MMM @ $1.36$1.36
2018-08-20Sell MMM 8/24 2018 $205.00 Call @ $0.95$0.95
2018-08-24Asgn MMM @ $205.00$205.001.26%92.07%$2.58
2018-08-24Buy and Hold$205.290.94%--$1.92
 

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