Pfizer (PFE) closed below $40 on Friday and our call expired worthless. Let’s sell another call right now at the same strike price. If you do not own PFE shares, do not enter this position at this time.
Pfizer (PFE) Uncovered Shares
Current Stock Price: $40.00
Cost Basis: $39.63
Action: Sell to open the PFE May Week Two (5/14) 40 Call
Current Option Price: $.36-$.37
Recommended Limit: Set your initial limit order at $.37 but please work the trade and sell a call today.
Expiration: Friday, May 14th (5 days)
New Cost Basis: $39.26