I am recommending we roll our Walgreens Boots Alliance (WBA) call out one week to generate more income and reduce our cost basis on the position.
Current Stock Price: $37.31
Cost Basis: $45.64
- Buy to close the WBA Jul Monthly (7/15) 38 Call for around $0.15
- Sell to open the WBA Jul Week Four (7/22) 38 Call for around $0.43
- Set your initial credit limit at $0.28, but adjust as needed to roll today
New Cost Basis: $45.36