We accepted shares of Walgreens Boots Alliance (WBA) last week. I am recommending a call to sell to reduce our cost basis on the position. The goal is to capture income as well as potential appreciation.
Current Stock Price: $35.80
Cost Basis: $44.13
Action: Sell to open the WBA Sep Monthly (9/16) 37 Call for around $0.25, but adjust as needed to sell a call today
New Cost Basis: $43.88