I am recommending we roll our D.R. Horton (DHI), SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls.
DHI Mar Week One (3/4) 85 Call
Current Stock Price: $87.94
Cost Basis: $98.79
Action:
- Buy to close the DHI Mar Week One (3/4) 85 Call for around $3.35
- Sell to open the DHI Mar Monthly (3/18) 87.50 Call for around $3.45
- Set initial credit limit at $0.10, but adjust as needed to roll today
New Cost Basis: $98.69
XBI Mar Week One (3/4) 95 Call
Current Stock Price: $89.93
Cost Basis: $105.78
Action:
- Buy to close the XBI Mar Week One (3/4) 95 Call for around $0.19
- Sell to open the XBI Mar Week Two (3/11) 90 Call for around $2.60
- Set initial credit limit at $2.41, but adjust as needed to roll today
New Cost Basis: $103.37
YETI Mar Week One (3/4) 65 Call
Current Stock Price: $63.50
Cost Basis: $88.59
Action:
- Buy to close the YETI Mar Week One (3/4) 65 Call for around $0.50
- Sell to open the YETI Mar Monthly (3/18) 65 Call for around $2.15
- Set initial credit limit at $1.65, but adjust as needed to roll today
New Cost Basis: $86.94