XOP
XOP · Sep 23, 2026
$184.60
Shares
Buy on a dip
Index fund, no fair value. It is 5% or more below its high: that is the dip we buy.
How we value it ›Prices as of 9:52 AM ET, Sep 23. Check the live quote before you send an order.
The put
Skip
Skip the put. It pays a lot because XOP can drop a lot. Wait, or buy shares.
If it goes against you: you buy 100 shares at $182, which after the $490 you keep works out to $177.10 a share. Below $177.10 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$490 (limit about $4.90)
If it fallsBuy 100 shares at $182
Cash to hold$18,200
Close earlyBuy back at about $3.92 ($392)
Chance you buy the sharesabout 41 in 100
ContractXOP Oct 16 $182 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $182 strike, 23 days out. Pays $490. Roughly a 41-in-100 chance you end up buying the shares.
On paper: 43% a year. That number assumes XOP keeps moving like it did the past two years. Take that away and it is -9% a year. That is why we say skip.
If you already own 100 shares
Income call
For income on XOP you already hold: sell the Oct 16 $202 call and take $94 now. If XOP climbs to $202 by Oct 16, your 100 shares are sold at $202, so only do it if you're happy selling there.
If it climbs past $202 your 100 shares are sold at $202 and you keep the $94. That is the trade working, not a loss.
The call order
ActionSell to open
ContractXOP Oct 16 $202 call
You get$94 (limit about $0.94)
If it climbsYour 100 shares sell at $202
Chance your shares are soldabout 13 in 100
After removing the trend-12% a year
First take on XOP. Result Oct 16. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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