I am recommending we roll our Best Buy (BBY), First Solar (FSLR), SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions.
BBY Jan Week Four (1/28) 102 Call
Current Stock Price: $96.26
Cost Basis: $108.08
Action:
- Buy to close the BBY Jan Week Four (1/28) 102 Call for around $0.07
- Sell to open the BBY Feb Week One (2/4) 100 Call for around $1.35
- Set initial credit limit at $1.28, but adjust as needed to roll today
New Cost Basis: $106.80
FSLR Jan Week Four (1/28) 85 Call
Current Stock Price: $74.17
Cost Basis: $99.07
Action:
- Buy to close the FSLR Jan Week Four (1/28) 85 Call for around $0.03
- Sell to open the FSLR Feb Week One (2/4) 80 Call for around $0.83
- Set initial credit limit at $0.80, but adjust as needed to roll today
New Cost Basis: $98.27
XBI Jan Week Four (1/28) 100 Call
Current Stock Price: $86.91
Cost Basis: $108.26
Action:
- Buy to close the XBI Jan Week Four (1/28) 100 Call for around $0.03
- Sell to open the XBI Feb Week One (2/4) 95 Call for around $0.59
- Set initial credit limit at $0.56, but adjust as needed to roll today
New Cost Basis: $107.70
YETI Jan Week Four (1/28) 72 Call
Current Stock Price: $60.30
Cost Basis: $91.08
Action:
- Buy to close the YETI Jan Week Four (1/28) 72 Call for around $0.08
- Sell to open the YETI Feb Week One (2/4) 65 Call for around $0.82
- Set initial credit limit at $0.74, but adjust as needed to roll today
New Cost Basis: $90.34