Our Walgreens Boots Alliance (WBA) Sep Monthly (9/16) 37 Call is on track to expire worthless. We will simply watch it do so.
The stock has sold off more than the broader market over the past month. It has also underperformed its closest peer, CVS Health (CVS). It’s possible we will end up taking a loss on this one soon so we can put our money to better use elsewhere.
However, I plan to sell another call to reduce our cost basis after next week’s Federal Reserve meeting.
Current Stock Price: $34.23
Cost Basis: $43.88
Action: Watch call expire worthless