After gaining more than 10% last week, The Trade Desk (TTD) is pulling back today. That makes this an excellent time to sell a call on our uncovered shares to generate income and reduce our cost basis on the position.
Current Stock Price: $43.80
Coat Basis: $50.25
Action: Sell to open the TTD Jul Monthly (7/15) 45 Call for around $1.25, but adjust as needed to sell a call today
New Cost Basis: $49