Monday, December 12, 2011

MMM - Rolling Calls Again

MMM pulled back towards $80 with the overall market today.  CCI took the opportunity to roll the Dec $77.50 calls out to January $77.50.  Net credit after commissions was $1.45 or 1.86%.  Nothing too exciting here, but we have been able to squeeze out modest gains via option premiums while the stock continues to go sideways.

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