I am recommending we roll our Best Buy (BBY), First Solar (FSLR), Target (TGT) and Yeti Holdings (YETI) call positions.
BBY Dec Monthly (12/17) 108 Call
Current Stock Price: $100.62
Cost Basis: $110.85
Action:
- Buy to close the BBY Dec Monthly (12/17) 108 Call for around $0.07
- Sell to open the BBY Dec Week Four (12/23) 102 Call for around $1.51
- Set initial credit limit at $1.44, but adjust as needed to roll today
New Cost Basis: $109.41
FSLR Dec Monthly (12/17) 100 Call
Current Stock Price: $92.61
Cost Basis: $104.79
Action:
- Buy to close the FSLR Dec Monthly (12/17) 100 Call for around $0.06
- Sell to open the FSLR Dec Week Four (12/23) 95 Call for around $1.51
- Set initial credit limit at $1.45, but adjust as needed to roll today
New Cost Basis: $103.34
TGT Jan 2023 (1/20/23) 200/Dec Monthly (12/17) 250 Call Spread
Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time.
Current Stock Price: $228.36
Cost Basis: $62.57
Action:
- Buy to close the TGT Dec Monthly (12/17) 250 Call for around $0.01
- Sell to open the TGT Dec Week Four (12/23) 235 Call for around $0.93
- Set initial credit limit at $0.92, but adjust as needed to roll today
New Cost Basis: $61.65
YETI Dec Monthly (12/17) 95 Call
Current Stock Price: $87.24
Cost Basis: $94.05
Action:
- Buy to close the YETI Dec Monthly (12/17) 95 Call for around $0.05
- Sell to open the YETI Dec Week Four (12/23) 90 Call for around $0.90
- Set initial credit limit at $0.85, but adjust as needed to roll today
New Cost Basis: $93.20