I am recommending we roll our Pfizer (PFE) call out one week to generate more income and reduce our cost basis on the position.
Current Stock Price: $42.91
Cost Basis: $48.67
- Buy to close the PFE Oct Monthly (10/21) 43.50 Call for around $0.26
- Sell to open the PFE Oct Week Four (10/28) 43.50 Call for around $0.55
- Set initial credit limit at $0.29, but adjust as needed to roll today
New Cost Basis: $48.38