Bought this unloved energy stock and sold calls against it. Love the dividend: yield 5.08%, as I am an income investor, but don't love the price action.
Today's strategy will deliver additional income from the call premium. If XOM is called away, I also will realize a capital gain. If XOM is not called away, I will keep this lot in my portfolio provided the dividend is safe. If the price action improves, I may be able to sell more calls for more income.
M* MoneyMadam
http://www.themoneymadam.com/
