I sold those 75 calls a couple of months ago. If they get exercised today, I'll make a darn good return. And will buy back MPC when it pulls back and repeat the process. If it continues to go up, I still have a core holding. This stock has been in a 15 point trading range for the last 40 days. I suspect nothing will change.
Good luck with your strategy.
Falling oil costs. However remember options expire this week and MPC also will be going x dividend soon. Option holders will be looking closely at that x amount and date.
I suggested in the past that I good way to play MPC is to have a core holding and some extra shares to sell call options in the 72.50 to 75.00 range.
Extra way to beat those Low money market rates.
Long term holder who has gotten burned on RIG leaps in the past. Recently bt some 50's 2016.
Gotta believe this is still a good long term holding unless we get a BAD ruling.
This stock took a hit because everybody thought tapering and higher rates would kill dividend stocks.
I have continued to add to my position whenever there's a pullback. When do you really think that quality bonds will yield more than T's dividend? T's a no brainer at these prices.
long term holder just waiting for the big news...however it's tough adding new shares after the beating we have taken.