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Income Madness Trade Alert: PFE

Pfizer (PFE) sold off with the broader market this week but is rallying today on news the FDA authorized its COVID-19 booster for children ages 5-11.

I am recommending we roll our call out one week and to a lower strike to generate more income and reduce our cost basis on the position.

Current Stock Price: $42.60

Cost Basis: $49.16

Action:

  • Buy to close the PFE Oct Week Two (10/14) 45 Call for around $0.06
  • Sell to open the PFE Oct Monthly (10/21) 43.50 Call for around $0.55
  • Set initial credit limit at $0.49, but adjust as needed to roll today

New Cost Basis: $48.67

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