I am recommending calls to sell against our uncovered shares of Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) to reduce our cost basis on the positions.
Note that these trades are only for members who already own shares from previous positions.
TSM Uncovered Shares
Current Stock Price: $93.01
Cost Basis: $126.89
Action: Sell to open the TSM May Week Four (5/27) 95 Call for around $1.26, but adjust as needed to sell a call today
New Cost Basis: $125.63
WBA Uncovered Shares
Current Stock Price: $44.72
Cost Basis: $48.61
Action: Sell to open the WBA May Week Four (5/27) 46 Call for around $0.32, but adjust as needed to sell a call today
New Cost Basis: $48.29