We currently own shares of Apple (AAPL) and First Solar (FSLR) uncovered.
I am recommending we sell our AAPL shares at a profit. And let’s sell a call against our FSLR shares to reduce our cost basis.
AAPL Uncovered Shares
Current Stock Price: $171.04
Cost Basis: $166.43
Action: Sell shares at market
Profit: $4.67, or $467 per contract
FSLR Uncovered Shares
Current Stock Price: $102.48
Cost Basis: $107.51
Action: Sell to open the FSLR Dec Week Two (12/10) 105 Call for around $0.92, but adjust as needed to sell a call today
New Cost Basis: $106.59