01-04-2020, 06:28 PM
(01-04-2020, 10:23 AM)divmenow Wrote: If you want to make money with XOM you need to buy 100 shares. The stock although a dead one lol will earn you $3480 over 10 years just in dividends. If your happy with those returns then the stock is for you. I hold the stock and always add to it under $68-69. I accumulated 327 shares now while holding it since 1994. I don’t mind the stock being in this range. It seems like every 5 years or so this stock will move finally lol. It’s not a get rich stock. It’s more like a bond fund now.Here's another way to play it. Sell a covered put and collect about 1% monthly premium until you get stuck buying the 100 shares at an attractive price. Pick the expiration date carefully and you get forced in shortly before an X-div. Dividend begins and sell a covered call every month or two and collect more income. If it runs $5 quick and you lose your shares at a decent profit vs your basis, rinse and repeat. If you're long you were just going to watch it pull back for the 20th time anyhow. I do this with a half dozen higher div stocks in trading ranges. Big oil is perfect for it. Most years so are Utes and the more boring financial stocks.
Or do it divmenow's way. It really is about the same as a high yield bond fund these days. You just have to watch your entry or it won't work out.