I like the idea of selling CC at April expiration as well. Maybe all 5 contracts at the same strike price? In the basic theory, I thought OTM if I...
That is my understanding of the buying of a put option for my position. I have 500 shares of XOM that I bought at about 60.
Not only do I not understand the nuances... I don't understand a lot of what you are talking about. I also do not think I'm approved for option...
Hi mikeriley, What is your mantra? (If you don't mind me asking?)
If XOM blows out earnings and goes to 120-123 I'll sell OTM calls for 2/17 Keep a tighter time frame
Maybe I should just buy some protective puts. Next week is a plethora of data/inputs XOM earnings OPEC meeting Fed meeting Employment data Tanks...
Sorry, I lost you at some points. I will look at the calls and opposing puts. Basically, you are saying ATM is the way to go. That sounds good...
Based on the calculations, you are right. It is 6 of one, half a dozen of the other. If I skew more towards OTM and the stock goes higher then,...
PS if my sold calls are a little in the money, I tend to roll them to the next expiration date, at the same strike price, make a little more money...
Thanks, Selling an in the money call has sense if you think that XOM will possibly go down under 105 by April 21. April 21 is a decent amount of...
Thanks, that is my take as well. It just seems a little better (less risk) than putting all of my "eggs" in one strike price.
I am considering selling covered calls on my XOM. I have 500 shares and am looking at April 21 expiration. Does it make any sense to sell one...
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