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If the stock trades between $75 and $75.41, you've made some money - at $75.41 you break probably. But like anything a market this trade isn't without concurrent risk. If the XLE trades between $75.42 and $76 you lose some monetary gain. But get this. Because you own the $76 call option, your losses are restricted.
Timing is everything: IVR providers in order to known to several weeks or even months to implement their systems. Be sure to are ready for these delays, or better yet, choose a provider that guarantees any response.
Start on the shoe-string. Overlook the fancy offices, or probably the most recent phone system. Watch you expenses like a hawk. Costs have a cool way to escape control when you are starting playing.
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