I am recommending we roll our Ford Motor (F) call out one week to generate more income and reduce our cost basis.
Current Stock Price: $17.33
Cost Basis: $23.88
- Buy to close the F Feb Week Four (2/25) 18 Call for around $0.10
- Sell to open the F Mar Week One (3/4) 18 Call for around $0.31
- Set initial credit limit at $0.21, but adjust as needed to roll today
New Cost Basis: $23.67