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| BUY | 7.820 | John DeGoey | Enhanced Income Energy ETF. If you believe it is compelling to buy oil stocks, which he does, this is a good way to do it, especially for a person who is at or near retirement. You get a margin of safety with the covered call strategy. The only problem is that if it goes up quickly, you won't participate fully on the upside. | 2012-01-23 | |
| Comment | 7.500 | Richard Croft | Enhanced Income Energy ETF. A covered call writing ETF. The reason there is a 21% distribution is because they are taking all of the option premiums that they sold initially and paying it out to you. That is not a realistic number for covered call writing on a long-term basis. If you own, take half the distribution and reinvest the other half back into the fund. | 2011-12-21 | |
| BUY | 7.450 | John DeGoey | Using a lot of covered call writing to get energy exposure. You are paying a little more but you get the income from the covered call strategy. A very conservative way to get exposure to oil patch for the long term. Prefers this to writing your own covered calls. | 2011-12-20 | |
| BUY | 7.200 | Mike S. Newton, CIM FCSI | Enhanced Income Energy ETF. Write covered calls against energy names. Looks interesting at this point but not aware of what the dividend is. A decent time to be buying as you are going to get some pretty good premiums on the calls you are selling because of the underlying. | 2011-11-28 |
