Walgreens Boots Alliance (WBA) has continued to sell off with the broader market as investors attempt to determine the impact of higher interest rates.
I am recommending a call to sell on our uncovered shares to reduce our cost basis on the position.
Current Stock Price: $32.95
Cost Basis: $43.88
Action: Sell to open the WBA Oct Week Two (10/14) 34 Call for around $0.63, but adjust as needed to sell a call today
New Cost Basis: $43.25