02-25-2021, 03:26 AM
That sounds like a good plan since you've held it so long. Oil seems like its a little ahead of demand but a lot of states are fully re-opening a little faster than thought just a few months ago. I find it much easier to time put sales than calls. I guess that's the nature of a bull market. I keep doing it though. Quite a few of my higher Div stocks have been stuck in a 10% range. It makes a big difference in return if you can pull in a couple premiums in between dividends. If XOM creeps up through the summer it might be a better time to get more aggressive with calls. I am doing that with T and PFE now because I want to dump shares.