I am recommending we roll our expiring First Solar (FSLR) and Target (TGT) calls.
FSLR Apr Week One (4/1) 80 Call
Current Stock Price: $83.92
Cost Basis: $91.02
Action:
- Buy to close the FSLR Apr Week One (4/1) 80 Call for around $4.08
- Sell to open the FSLR Apr Monthly (4/14) 82 Call for around $4.03
- Set initial debit limit at $0.05, but adjust as needed to roll today
New Cost Basis: $91.07
TGT Jan 2023 (1/20/23) 200/Apr Week One (4/1) 225 Call Spread
Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time.
Current Stock Price: $215.90
Cost Basis: $51.78
Action:
- Buy to close the TGT Apr Week One (4/1) 225 Call for around $0.05
- Sell to open the TGT Apr Week Two (4/8) 220 Call for around $1.51
- Set initial credit limit at $1.46, but adjust as needed to roll today
New Cost Basis: $50.32