I am recommending we roll our Best Buy (BBY), Crocs (CROX), First Solar (FSLR) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions.
BBY Jan Monthly (1/21) 102 Call
Current Stock Price: $98.88
Cost Basis: $108.93
Action:
- Buy to close the BBY Jan Monthly (1/21) 102 Call for around $0.24
- Sell to open the BBY Jan Week Four (1/28) 102 Call for around $1.09
- Set initial credit limit at $0.85, but adjust as needed to roll today
New Cost Basis: $108.08
CROX Jan Monthly (1/21) 140 Call
Current Stock Price: $119.20
Cost Basis: $149.20
Action:
- Buy to close the CROX Jan Monthly (1/21) 140 Call for around $0.10
- Sell to open the CROX Feb Monthly (2/18) 140 Call for around $2
- Set initial credit limit at $1.90, but adjust as needed to roll today
New Cost Basis: $147.30
FSLR Jan Monthly (1/21) 87.50 Call
Current Stock Price: $81.31
Cost Basis: $100.01
Action:
- Buy to close the FSLR Jan Monthly (1/21) 87.50 Call for around $0.09
- Sell to open the FSLR Jan Week Four (1/28) 85 Call for around $1.03
- Set initial credit limit at $0.94, but adjust as needed to roll today
New Cost Basis: $99.07
YETI Jan Monthly (1/21) 85 Call
Current Stock Price: $68.62
Cost Basis: $91.98
Action:
- Buy to close the YETI Jan Monthly (1/21) 85 Call for around $0.05
- Sell to open the YETI Jan Week Four (1/28) 72 Call for around $0.95
- Set initial credit limit at $0.90, but adjust as needed to roll today
New Cost Basis: $91.08