svosavvy

Income in a Zero-Rate World

yes yes all correct, you could also do bull call spreads to limit getting taken out in a rising market. You could sell your covered calls at a lower strike for more profit while simultaneously buying a strike a few ticks above so you don't get pinched out in a wild upswing and pocket the spread which is some nice action especially like earlier mentioned if you are holding a high yielder you pocket the distribution too. I would love to do this with one of my positions pvx but the strike spreads are way wide on it and nearly illiquid (thinly traded).

Income in a Zero-Rate World

Don't forget that if you sell a call and then chicken out in a rising market you can always buy them back for a premium and then not lose your coveted position. It is hard to covet any equity right now.

$125 Oil Not Sustainable for the Time Being

You got it right on the chrysler deal, nice play to them leveraging the psychology of oil shock on the new car buyer. Like you said any rational person would probably take the $3000 cash of potential savings upfront, which cash back was their old way of dragging people in.
Maybe I am the only idiot in the room, but, what's the deal with the precipitous rise in oil the last few months? Is it a supply shortage, nope. Is it a natural disaster, try again. Oh, thats right joe six pack has a few extra bucks in his pocket thanks to his uncle (Sam).
Yes I know demand is up from developing countries, but, its not like everyone in the world just started wanting gas in the last three months.