VBIN's oil stock thread.

[fenders53]

(02-23-2021, 07:52 PM)vbin Wrote: I closed my XLE calls. Still have the stocks. XOM seems to be hitting resistance at these levels. I hope not. It's very close to my purchase levels.

Given the market thinking to sell calls in xom.

I hate to advise that but I probably would.  Nothing says you have to go all in on all your shares.  When I have  a lot of shares sometimes I sell a call.  Wait a few weeks and sell another, hopefully at a highers strike and further out date.  WELL crashed hard on me due to Covid.  I waited months for  partial rebound then walked calls up from 55 to 70 so far.  It took four months at least.  It doesn't always go that smooth of course.  XOM isn't going to crash IMO so I wouldn't force a trade unless premium makes sense.