We were assigned shares of QuantumScape (QS) and Invesco Solar ETF (TAN) last week. I am recommending calls to sell against those uncovered shares to reduce our cost basis on the positions.
QS Uncovered Shares
Current Stock Price: $32.08
Cost Basis: $43.25
Action: Sell to open the QS Apr Week Four (4/23) 37 Call for around $0.52
New Cost Basis: $42.73
TAN Uncovered Shares
Current Stock Price: $83.68
Cost Basis: $87.70
Action: Sell to open the TAN Apr Week Four (4/23) 85 Call for around $1.10
New Cost Basis: $86.60