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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (37789)	8/21/2005 7:42:46 PM
From: wilywilly	Respond to of 39683

rruff, My comment about the low premiums on XOM was based on my experiences in 2001-2003. Looking at the stock now, it is much more volatile and is somewhat range bound. The premiums are probably higher now, and it may be a more profitable CC play. I am already rolled out to January 2006, so I haven't really watched it lately. It looks like writing a 65 strike price call every time it touches 61 or so could make some good returns. I would be skeptical of 20% a year without some very real risk of assignment. That would be $1/month premium gain. You should ask BE for his actual trade results.