Halliburton (HAL) appears to have stabilized after being hit hard by coronavirus-related selling. That makes now a great time to sell a call on our uncovered shares to lower our cost basis.
Current Stock Price: $22.02
Cost Basis: $23.59
Action: Sell to open the HAL Feb Week Four (2/28) 22 Call for around $0.51, but adjust as needed to sell a call today
New Cost Basis: $23.08