Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: BBY

I am recommending we roll the short leg of our Best Buy (BBY) LEAP call recovery position out two weeks to generate more income and reduce our cost basis on the position.

Note: No action is needed on the BBY Jan 2024 (1/19/24) 50 Calls at this time.

Current Stock Price: $66.82

Cost Basis: $86.51

Action:

  • Buy to close 3 BBY Oct Week Four (10/28) 70 Calls for around $0.12 each ($0.36 total)
  • Sell to open 3 BBY Nov Week Two (11/11) 70 Calls for around $1.20 each ($3.60 total)
  • Set initial credit limit at $1.08 ($3.24 total), but adjust as needed to roll today

New Cost Basis: $83.27

Go to Top
×