I am recommending we roll our Yeti Holdings (YETI) call out one week and to a higher strike. While we will be spending some cash to do so, we are also capturing another $1 in potential appreciation.
Current Stock Price: $94.58
Cost Basis: $93.80
- Buy to close the YETI Oct Week Five (10/29) 90 Call for around $4.55
- Sell to open the YETI Nov Week One (11/5) 91 Call for around $4.25
- Set initial debit limit at $0.30, but adjust as needed to roll today
New Cost Basis: $94.10