I am recommending we roll our Pfizer (PFE) call out one week and to a higher strike. While we will be spending a bit of cash to do so, we will be picking up more in potential appreciation.
Current Stock Price: $52.12
Cost Basis: $53.85
- Buy to close the PFE Jul Week Two (7/8) 50 Call for around $2.20
- Sell to open the PFE Jul Monthly (7/15) 50.50 Call for around $2.09
- Set initial debit limit at $0.11, but adjust as needed to roll today
New Cost Basis: $53.96