I am recommending we sell a call on our uncovered D.R. Horton (DHI) shares.
We will be tracking and managing this as an ongoing position. However, you can enter today’s trade even if you were not in the previous position. Just be sure to buy 100 shares of the stock first for every call you plan to sell.
Current Stock Price: $69.63
Cost Basis: $74.37
Action: Sell to open the DHI Nov Monthly (11/20) 72.50 Call for around $2.57
New Cost Basis: $71.80