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Strategies & Market Trends : Option Strategies

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To: sm1th who wrote (2081)	2/29/2020 12:53:16 PM
From: robert b furman	Read Replies (1) of 2591

Hi sm1th, I sold some XOM puts Jan 21 2022 50's for $8.15 ( under water $205 on 10 contracts if one can make sense of a spread between bid/ask of $7.20 to $9.30?). Net purchase price = $41.85 with current dividend of 3.48 = 8.3% yield. I also am looking to sell some CVX 90's - not sure how far out. The future will require more fossil fuel energy. Its demand growth rate will slow, but more will be utilized. EV's will not grow at the hyped rates being drummed into our heads, anymore than renewable energy is cheaper than fossil fuel powered electrical generation. Those are the bubbles in the market and TSLA's outrageous 301 point decline in three weeks confirms it (YIKES!). Bob

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