A 7% yield, a price not seen since early 2018. The U.S economy is doing well. This is not to say we are not subject to a pullback. However why not have a dividend while you are waiting for the price to increase. Forty three years ago I worked for BP, so they have been around and will continue despite the oil price dropping. You see the strategy is cut production as price lowers so the price moves back above cost. LOL
Boy they are in control of that. So this morning as the world looks frightened about the opening we are suggesting you sell the BP $32.50 PUTS at opening. If it’s put to you, you’ve got a great price and a strong dividend.
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