I am recommending we roll our Walt Disney (DIS) call out two weeks to generate more income and reduce our cost basis on the position.
Current Stock Price: $97.05
Cost Basis: $118.68
- Buy to close the DIS Jul Week Two (7/8) 97 Call for around $0.91
- Sell to open the DIS Jul Week Four (7/22) 98 Call for around $2.48
- Set initial credit limit at $1.57, but adjust as needed to close today
New Cost Basis: $117.11