For those who have shares, this would be a great location to sell (in my opinion). Even if you DONT have shares, XOM is at a nice buy low, sell high area and this would be a $5.00 gain on an $87 stock - not too bad.
This is just another one. Rinse and repeat. Would not cry about getting exercised. To learn more about #coveredcalls you're welcome to watch this video. youtube.com/watch?v=vOiK28JLsFo
Thank you RLT for all of your ideas, updates and also sharing openly with the subscribers and non-subscribers of TView.
Reallifetrading
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@kenny1924, Our mission is To Enrich Lives. Just tell the world about us.. :-)
kenny1924
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Very good point, and I will be doing this one......Just did it on RIG and let the stock go. Did it on COP and let the stock go. Both at capital gains on the stock itself also. So, a good dividend with the option premium, oil stocks are in tight range, and will give an opportunity to buy back. Also, have XOM Jan Calls, and I can play the Covered Calls against it also for Dec month. This will be dividends I will not receive since I have the calls!!!!!