XON - Exxon Corp. Message Board

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Gold/Mining/Energy : XON - Exxon Corp.

XOM 118.80

+0.6%

Nov 13 3:59 PM EST

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To: Joan Osland Graffius who wrote (134)	9/7/1997 6:18:00 PM
From: Robert Giambrone	of 242

I've been a long term holder of Xon(my mother worked for the company during the 50's)but I just wrote 10 XON SEPT65 covered calls. It netted me $900.00 cash into my account and if I do get called out another 1 point since the stock was at 64 at the write. I really like the stock so I would buy the stock back later on any weakness. The best senario for me would be if the stock dosen't get called out so I get to keep the stock plus along with the premium . The only way I really lose out is if the stock moves up big time and I miss all the upside but with only 14 days till the Option contract expires its worth the chance. If it works out for me I'll probally keep doing it over and over. Anybody else doing this?

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