I am recommending we sell calls against our uncovered shares of Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) to reduce our cost basis on the positions.
PFE Uncovered Shares
Current Stock Price: $47.29
Cost Basis: $52.67
Action: Sell to open the PFE Mar Week One (3/4) 49 Call for around $0.37, but adjust as needed to sell a call today
New Cost Basis: $52.30
TSM Uncovered Shares
Current Stock Price: $117.20
Cost Basis: $137.33
Action: Sell to open the TSM Mar Week One (3/4) 120 Call for around $1.83, but adjust as needed to sell a call today
New Cost Basis: $135.50
WBA Uncovered Shares
Current Stock Price: $45.73
Cost Basis: $51.75
Action: Sell to open the WBA Mar Week One (3/4) 47 Call for around $0.41, but adjust as needed to sell a call today
New Cost Basis: $51.34