I am not saying to buy XOM here JUST to enter this collar. Many of us in the afternoon RLT swing trade room have been in XOM shares for over a year (just doing covered calls and collecting dividends). We're now at the point where we "can't lose" on the shares. The $85 put is above our DCA {Dollar Cost Average} and I love this set up. Getting paid .50 to buy the insurance for July. My plan is if XOM rolls down into $85 is, I will STC The puts and potentially buy more shares of XOM around $85 ish .. Otherwise, eyes closed for 2 months and we will see what happens. I do not mind at all getting exercised at $95
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