I am recommending a call to sell for those who have Pfizer (PFE) shares uncovered from a previous position to reduce our cost basis.
Current Stock Price: $40
Cost Basis: $39.63
Action: Sell to open the PFE May Week Two (5/14) 40 Call
Current Option Price: $0.36-$0.37
Recommended Limit: Set your initial limit order at $0.37, but adjust as needed to sell a call today
Expiration: After the close on Friday, May 14
New Cost Basis: $39.26
Potential Rate of Return: 1.9% in 11 days, or 62% annualized, if shares are called away