I am recommending we roll our Best Buy (BBY), First Solar (FSLR), Target (TGT) and Yeti Holdings (YETI) calls out two weeks to capture more income and/or appreciation.
BBY Jan Week One (1/7) 100 Call
Current Stock Price: $105.58
Cost Basis: $108.03
Action:
- Buy to close the BBY Jan Week One (1/7) 100 Call for around $5.70
- Sell to open the BBY Jan Monthly (1/21) 102 Call for around $4.80
- Set initial debit limit at $0.90, but adjust as needed to roll today
New Cost Basis: $108.93
FSLR Jan Week One (1/7) 95 Call
Current Stock Price: $86.11
Cost Basis: $102.37
Action:
- Buy to close the FSLR Jan Week One (1/7) 95 Call for around $0.04
- Sell to open the FSLR Jan Monthly (1/21) 87.50 Call for around $2.40
- Set initial credit limit at $2.36, but adjust as needed to roll today
New Cost Basis: $100.01
TGT Jan 2023 (1/20/23) 200/Jan Week One (1/7) 230 Call Spread
Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time.
Current Stock Price: $234.22
Cost Basis: $60.71
Action:
- Buy to close the TGT Jan Week One (1/7) 230 Call for around $4.95
- Sell to open the TGT Jan Monthly (1/21) 235 Call for around $4.50
- Set initial debit limit at $0.45, but adjust as needed to roll today
New Cost Basis: $61.16
YETI Jan Week One (1/7) 90 Call
Current Stock Price: $78.95
Cost Basis: $92.60
Action:
- Buy to close the YETI Jan Week One (1/7) 90 Call for around $0.03
- Sell to open the YETI Jan Monthly (1/21) 85 Call for around $0.65
- Set initial credit limit at $0.62, but adjust as needed to roll today
New Cost Basis: $91.98