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