Williams-Sonoma (WSM) is expected to report earnings after the close today. Rather than hold through the announcement, I am recommending we close the position with an excellent profit.
Current Stock Price: $135.71
Cost Basis: $119.29
- Buy to close the WSM Mar Monthly (3/19) 130 Call for around $9
- Sell shares at market
Profit: $7.42, or $742 per 100 shares