Saturday, August 29, 2009

MMM - Closed

The 3M Company (MMM) CC position was exercised early on Wed 8/18 and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

Trade Results

Stock Investment: $6,084.00
Income Generated: $290.00
Net Profit: $206.00
Percent Return: 3.39%
Annualized Return: 25.75%
Duration of Trade: 48 days

Trade History:

01-Jul-09 - Initial Stock Position - BTO 100 MMM @ 60.84 -
01-Jul-09 - Initial Call Option - STO 1 Aug09 60.00 Call @ 2.90 - Exercised
18-Aug-09 - Option Exercised - EX 1 Aug09 60.00 Call @ 60.00 -