VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 177.51

-1.9%

3:59 PM EST

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To: carranza2 who wrote (122)	2/22/2007 2:53:15 PM
From: manalagi	of 299

Yes, the covered call is essentially risk free. By selling covered call at $ 4.90 with strike price $ 65, essentially willing to sell at $ 69.90 - which is near the $ 70.75 all time high - , or just keep the premium reducing the cost basis. A dollar here and a dollar there, sooner or later we have enough to buy dinner for our loved ones. VBG

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