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Income Masters Trade Alert: TGT

Target (TGT) has spiked, so I am recommending we roll our short call to a higher strike to avoid being called out and to capture more potential appreciation.

Note that no action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time.

Current Stock Price: $252.70

Cost Basis: $55.17

Action:

  • Buy to close the TGT Oct Week Five (10/29) 240 Call for around $13.30
  • Sell to open the TGT Nov Monthly (11/19) 250 Call for around $9.20
  • Set initial debit limit at $4.10, but adjust as needed to roll today

New Cost Basis: $59.27

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