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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 out one week to generate more income and reduce our cost basis on the positions.

BBY Apr Monthly (4/14) 95 Call

Current Stock Price: $94.19

Cost Basis: $100.11

 

Action:

  • Buy to close the BBY Apr Monthly (4/14) 95 Call for around $0.60
  • Sell to open the BBY Apr Week Four (4/22) 95 Call for around $1.60
  • Set initial credit limit order at $1, but adjust as needed to roll today

New Cost Basis: $99.11

FSLR Apr Monthly (4/14) 82 Call

Current Stock Price: $79.38

Cost Basis: $91.07

Action:

  • Buy to close the FSLR Apr Monthly (4/14) 82 Call for around $0.19
  • Sell to open the FSLR Apr Week Four (4/22) 80 Call for around $1.81
  • Set initial credit limit order at $1.62, but adjust as needed to roll today

New Cost Basis: $89.45

XBI Apr Monthly (4/14) 92 Call

Current Stock Price: $88.65

Cost Basis: $99.05

Action:

  • Buy to close the XBI Apr Monthly (4/14) 92 Call for around $0.15
  • Sell to open the XBI Apr Week Four (4/22) 92 Call for around $1
  • Set initial credit limit order at $0.85, but adjust as needed to roll today

New Cost Basis: $98.20

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