I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Nike (NKE) and The Trade Desk (TTD) calls to generate more income and reduce our cost basis on the positions.
FSLR Jul Monthly (7/15) 70 Call
Current Stock Price: $68.54
Cost Basis: $82.64
Action:
- Buy to close the FSLR Jul Monthly (7/15) 70 Call for around $0.73
- Sell to open the FSLR Jul Week Four (7/22) 70 Call for around $1.53
- Set initial credit limit at $0.80, but adjust as needed to roll today
New Cost Basis: $81.84
MOS Jul Monthly (7/15) 50 Call
Current Stock Price: $46.04
Cost Basis: $60.51
Action:
- Buy to close the MOS Jul Monthly (7/15) 50 Call for around $0.09
- Sell to open the MOS Jul Week Four (7/22) 47.50 Call for around $1.08
- Set initial credit limit at $0.99, but adjust as needed to roll today
New Cost Basis: $59.52
NKE Jul Monthly (7/15) 107 Call
Current Stock Price: $104.72
Cost Basis: $126.64
Action:
- Buy to close the NKE Jul Monthly (7/15) 107 Call for around $0.50
- Sell to open the NKE Jul Week Four (7/22) 107 Call for around $1.36
- Set initial credit limit at $0.86, but adjust as needed to roll today
New Cost Basis: $125.78
TTD Jul Monthly (7/15) 45 Call
Current Stock Price: $45.43
Cost Basis: $49
Action:
- Buy to close the TTD Jul Monthly (7/15) 45 Call for around $1.66
- Sell to open the TTD Jul Week Four (7/22) 47 Call for around $1.86
- Set initial credit limit at $0.20, but adjust as needed to roll today
New Cost Basis: $48.80