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Income Masters Trade Alert: WSM

Williams-Sonoma (WSM) is struggling but appears to have found support.

I am recommending we roll our call down 10 points to generate more income. This will lower our cost basis and result in a profit if shares are called away.

Current Stock Price: $106.26

Cost Basis: $105.95

Action:

  • Buy to close the WSM Jan Monthly (1/15) 115 Call for around $0.40
  • Sell to open the WSM Jan Monthly (1/15) 105 Call for around $3.30
  • Set initial credit limit at $2.90

New Cost Basis: $103.05

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