CVS Health (CVS) is hovering just below the strike price of our expiring call. I am recommending that we simply watch it expire. If we are called out, we will earn a profit of $1.76, or $176 per 100 shares.
If, however, the stock closes below our strike at $85, our call will expire worthless, and we will sell another one soon to generate more income.
Current Stock Price: $84.91
Cost Basis: $83.24
Action: Watch CVS Sep Week Four (9/24) 85 Call expire