The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (4353)	1/29/2020 10:25:18 PM
From: robert b furman	of 13801

HI Elroy, No I have a full position and a little bit more. I've been selling far out in time puts on XOM. My first assignment was January this year. I sold them in the December dip of 2018. The premium was so great I added just last month another 20 puts , since it averaged out over 5% yield. I have another bunch expiring this month - hoping they assign me some more stock at 5.38%. I have sold puts out into June of this year - each assignment would be below$ 64.00. Either it gives me a good yield or helps pay for the stock I've been assigned. I'm OK with either alternative. If the price action follows T's past action, a better price can be made by buying the dip , or selling puts 1-2 months out and hoping they get assigned. Both T and XOM are great American Icons of conservative business. Worthy of a position in a dividend growth portfolio. imo We're not getting any younger ya know. <smile> Bob

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