We have two positions expiring today — a Chewy (CHWY) call and a CVS Health (CVS) put.
Our CHWY shares are on track to be called away, handing us a nice profit.
As for CVS, rather than roll the put again, I am recommending we accept shares. I will recommend a call to sell against those shares soon. I believe this is the best way to generate income going forward and get to breakeven or profitability in the shortest amount of time.
CHWY Feb Monthly (2/21) 28.50 Call
Current Stock Price: $31.80
Cost Basis: $27.87
Action: Allow shares to be called away
Profit: $0.63, or $63 per 100 shares
CVS Feb Monthly (2/21) 73.50 Put
Current Stock Price: $71.12
Cash in Hand: $0.65
Action: Accept shares
Cost Basis: $72.85