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Income Masters Trade Alert: CVS, DIS

CVS Health (CVS) and Walt Disney (DIS) have continued to sell off with the broader market. I am recommending we roll our calls down and out one week to generate income and reduce our cost basis on the positions.

CVS Mar Monthly (3/17) 83 Call

Current Stock Price: $75.37

Cost Basis: $87.77

Action:

  • Buy to close the CVS Mar Monthly (3/17) 83 Call for around $0.01
  • Sell to open the CVS Mar Week Four (3/24) 77 Call for around $0.60
  • Set initial credit limit at $0.59, but adjust as needed to roll today

New Cost Basis: $87.18

DIS Mar Monthly (3/17) 105 Call

Current Stock Price: $93.47

Cost Basis: $107.83

Action:

  • Buy to close the DIS Mar Monthly (3/17) 105 Call for around $0.02
  • Sell to open the DIS Mar Week Four (3/24) 95 Call for around $1.35
  • Set initial credit limit at $1.33, but adjust as needed to roll today

New Cost Basis: $106.50

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