We were assigned shares of Yeti Holdings (YETI) last week. I am recommending a call to sell against them to reduce our cost basis.
Current Stock Price: $85.15
Cost Basis: $94.95
Action: Sell to open the YETI Oct Monthly (10/15) 88 Call for around $0.70, but adjust as needed to sell a call today
New Cost Basis: $94.25