Exxon Mobil Stock (XOM) Trades for 2017 Update -July 30

Jul 30, 2017 | Exxon Stock (XOM), Trade Alerts and Ideas

Exxon Mobil Stock Trades for 2017 Update (XOM)

Exxon Mobil Stock has been in my portfolio for decades.

I am updating some of the trades done in 2017 but one trade definitely stands out.

Back on January 3 I started the year out with a trade in Exxon Mobil Stock. That trade turned out to be near the highs for 2017, to date.

As the trade has progressed I accepted shares and have continued to sell covered calls and earn the dividend.

Exxon Mobil increased the dividend in 2017 by just over 10%, despite paying out more in the dividend than being earned at present. Normally this is a “red flag” on a company, but Exxon Mobil has large cash reserves and excellent management. I expect them to weather this period of low oil and gas prices.

The trade is worth a review by members to see how the covered calls are being sold, including the latest trade on July 14 which is a partial position as you can see.

This trade shows the power of staying positive and positioning the holding for additional profits. To date the trade has earned slightly more than 10% despite holding stock in what has been a difficult period for oil companies. Profits are still coming into the Exxon Mobil trade as you can see in the trade table and I am anticipating the stock will return about 20% this year which I think is excellent.

The rest of this Exxon Mobil Stock trade update for 2017 is for FullyInformed Members.