I am recommending we roll our Pfizer (PFE) call out one week and to a higher strike. While we will be spending a bit of cash to do so, we will be picking up more in potential appreciation.
Note that this trade is only for members who are already in the PFE position.
Current Stock Price: $52.12
Cost Basis: $59.15
- Buy to close the PFE Jul Week Two (7/8) 50 Call for around $2.20
- Sell to open the PFE Jul Monthly (7/15) 50.50 Call for around $2.09
- Set your initial debit limit at $0.11, but adjust as needed to roll today
New Cost Basis: $59.26
Expiration: After the close on Friday, July 15
Potential Rate of Return: I am targeting breakeven for this position