Our Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon.
BBY May Week Two (5/13) 98 Call
Current Stock Price: $87.63
Cost Basis: $97.20
Action: Watch call expire worthless
NKE May Week Two (5/13) 125 Call
Current Stock Price: $111.78
Cost Basis: $130.14
Action: Watch call expire worthless
XBI May Week Two (5/13) 80 Call
Current Stock Price: $68.46
Cost Basis: $95.64
Action: Watch call expire worthless