re: Options trading question?

Selling covered calls is a good way to manage risk but as previously posted, commissions/fees are a factor. The 100 shares would be 1 contract and would cost around $10 to sell.

So for XOM, you could have made about $285 if you sold one jan 2016 $90 call contract today. That is like selling it for $92.85. Tax considerations are also a factor if selling in a taxable account.