Pfizer (PFE) was unable to break through $37.50 this week and turned lower. The company is expected to announce earnings next week.
I am recommending a call to sell on our uncovered shares in the hope that we will get called out around breakeven.
Current Stock Price: $36.35
Cost Basis: $38.26
Action: Sell to open the PFE Feb Week One (2/5) 38 Call for around $0.30, but adjust as needed to sell a call today
New Cost Basis: $37.96