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Income Masters Trade Alert: BBY, FSLR, XBI

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

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