VBIN's oil stock thread.

[fenders53]

(06-23-2021, 11:35 AM)ken-do-nim Wrote:

(06-23-2021, 10:51 AM)Otter Wrote:

(06-23-2021, 10:06 AM)fenders53 Wrote: I've mostly been sticking to selling XLE puts.  It's boring but I don't have to stress individual oil company stock drama.  Did the same with XOM puts before that but never got any shares assigned because it just kept creeping higher.  I have them expiring every Friday for months now and months going forward.  I will stop that before long and wait for fall to consolidate wherever it does.  Won't go straight up forever.  I owe you another lunch Eric.  I'll swing by in the next year or so and pay up on at least one lol.  Only long shares I own at the moment are RDS and ENB.

Starting a position in XLE last year and adding to it over time turned out to be one of the better investing decisions I've made. Didn't have to worry about picking the eventual winners during a period of extreme uncertainty, and it has just been on cruise control. Current yield of 4% isn't too shabby, either.

Ditto here, except instead of XLE I went with the ERX doubler of it.  Only a 2.16% yield in comparison, but hey I'm up 17% since the end of April.

It's been hard to mess up oil the last six months.  A lot of ways to win for sure.