I am recommending we sell calls against our uncovered shares of Crocs (CROX) and CVS Health (CVS) to reduce our cost basis on the positions.
CROX Uncovered Shares
Current Stock Price: $82.24
Cost Basis: $144.75
Action: Sell to open the CROX Mar Monthly (3/18) 90 Call for around $2.55, but adjust as needed to sell a call today
New Cost Basis: $142.20
CVS Uncovered Shares
Current Stock Price: $103.13
Cost Basis: $104.23
Action: Sell to open the CVS Mar Week One (3/4) 105 Call for around $0.89, but adjust as needed to sell a call today
New Cost Basis: $103.34