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Income Madness Trade Alert: F, PFE

I am recommending we roll our Ford (F) call out two weeks to reduce our cost basis on the shares.

Let’s also sell a Pfizer (PFE) put to generate income and reduce our net debit on the position.

F Mar Week Four (3/25) 17 Call

Current Stock Price: $16.94

Cost Basis: $23.10

Action:

  • Buy to close the F Mar Week Four (3/25) 17 Call for around $0.17
  • Sell to open the F Apr Week Two (4/8) 17 Call for around $0.58
  • Set initial credit limit at $0.41, but adjust as needed to roll today

New Cost Basis: $22.69

PFE

Current Stock Price: $52.66

Net Debit: $2.48

Action: Sell to open the PFE Apr Week One (4/1) 52.50 Put for around $0.83, but adjust as needed to sell a put today

New Net Debit: $1.65

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