Let’s roll our Peloton Interactive (PTON) call to collect more income.
Current Stock Price: $62.32
Cost Basis: $61.14
- Buy to close the PTON Jul Monthly (7/17) 65 Call for around $0.63
- Sell to open the PTON Jul Monthly (7/17) 62.50 Call for around $1.47
- Set initial credit limit at $0.84, but adjust as needed to roll today
New Cost Basis: $60.30