$XLE Just Bought Calls

XLE 80 Call, Oct 21 2022. Got in for $2.12 for one contract. Will add more if this takes off like I think it will. Energy way oversold in my view of charts.


Very heavy in XOM and CVX.  Better to buy those.  Not much diversification.  Not worth the extra

Exxon Mobil Corp	XOM	23.70%
Chevron Corp	CVX	20.03%
ConocoPhillips	COP	4.64%
EOG Resources Inc	EOG	4.46%
Schlumberger Ltd	SLB	4.43%
Marathon Petroleum Corp	MPC	4.17%
Pioneer Natural Resources Co	PXD	4.08%
Phillips 66	PSX	4.07%
Kinder Morgan Inc Class P	KMI	3.85%
Williams Companies Inc	WMB	3.50%

I’m in OXY.

Hoping to be rewarded as OXY continues to pay down their debt. So far, no reward. And I’m starting to wonder if my reasoning to invest is misplaced. What do others think?

Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.

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Just sold my $XLE call for a 26% win (after fees etc.)