Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 680.28

-0.5%

Dec 1 4:00 PM EST

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From: Bald Eagle	12/20/2005 2:02:01 PM
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Covered calls for XOM Someone(sorry, I forget who) expressed an interest a while ago as to how I would do with selling covered calls in XOM. I think I claimed I could make 20% per year and he was a disbeliever. Well, here are the results I just calculated: I bought XOM on 6/27 for 58.84, very recent price is 58.00, showing a loss of 1.43% The total I made by selling and some times buying back covered calls over this period is $3.90 per share, which is a return of 6.63% over approximately six months. So, not 20%, but about 13 to 14% over a year. If I get better at timing, I still think I can make 20%. I have 2000 shares so profited almost $8000.

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