I am recommending we roll our Pfizer (PFE) call out one week and up one strike. This should be close to a cash-neutral roll but will allow us to pick up $0.50 in potential appreciation.
Current Stock Price: $51.90
Cost Basis: $53.96
- Buy to close the PFE Jul Monthly (7/15) 50.50 Call for around $1.55
- Sell to open the PFE Jul Week Four (7/22) 51 Call for around $1.55
- Set your initial credit limit at $0, but adjust as needed to roll today
New Cost Basis: $53.96