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Exxon Mobil Corporation Message Board

  • tonydarmer tonydarmer Dec 24, 2007 1:20 PM Flag

    Stop the false statements

    I do not read these boards much because of all the B.S. ... mostly contributed by those with very small holdings. Just read the comments about the 3/2 splits. What most do not understand is that when writing covered calls on a position, The total premiums on calls will increase by a greater proportion than the actual split ratio. This means the covered call writer gets a larger premium for the same dollar value of the security. Please stop the nonsense statements that one owns 10K shares, etc. If thats the case, you would have over 900k in XOM alone. Either your extrememly wealthly (over 10 million in the market)in this case ... or a fool for having so much in one security. If the truth be known, I'd bet that most of these jokers have less than a round lot! Those with real assets, do not have the time to post on these forums.

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