Core stock Pfizer (PFE) is trading well above the strike price of the PFE Mar Week Four (3/25) 49 Call we sold.
Let’s allow our shares to be called away. I will recommend a put to sell soon to reduce our net debit on the position.
Current Stock Price: $53.20
Cost Basis: $55.39
Action: Allow shares to be called away
New Net Debit: $6.39
Potential Rate of Return: I am targeting breakeven for this position