I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) calls to generate more income and reduce our cost basis on the positions.
BBY Feb Week One (2/4) 100 Call
Current Stock Price: $98.97
Cost Basis: $106.80
Action:
- Buy to close the BBY Feb Week One (2/4) 100 Call for around $0.56
- Sell to open the BBY Feb Week Two (2/11) 100 Call for around $1.75
- Set initial credit limit at $1.19, but adjust as needed to roll today
New Cost Basis: $105.61
FSLR Feb Week One (2/4) 80 Call
Current Stock Price: $73.12
Cost Basis: $98.27
Action:
- Buy to close the FSLR Feb Week One (2/4) 80 Call for around $0.03
- Sell to open the FSLR Feb Week Two (2/11) 78 Call for around $0.71
- Set initial credit limit at $0.68, but adjust as needed to roll today
New Cost Basis: $97.59
XBI Feb Week One (2/4) 95 Call
Current Stock Price: $90.51
Cost Basis: $107.70
Action:
- Buy to close the XBI Feb Week One (2/4) 95 Call for around $0.11
- Sell to open the XBI Feb Week Two (2/11) 95 Call for around $0.92
- Set initial credit limit at $0.81, but adjust as needed to roll today
New Cost Basis: $106.89