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As I write this, the XLE is trading at about $74 per share. I'm looking at options about 30 days out. Fashion sell the $75 Usually requires $2.78 and acquire the $76 calls for $2.37. Main difference between options is a credit of $0.41. Now remember each option represents 100 stocks. So you put in your pocket $41 per contract. Are usually did this with 10 contracts which will be a quick $410 in profits, not counting commissions.
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