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OIB Trade Alert: SONO

Our Sonos (SONO) Nov Week Two (11/12) 35 Call is on track to expire worthless. We will simply watch it do so.

The company is scheduled to report earnings on Nov. 17. I plan to recommend selling shares prior to the announcement and re-entering the position once the earnings dust settles.

Current Stock Price: $34.12

Cost Basis: $35.19 (Note that the cost basis was incorrectly listed as $36.63 in the previous alert.)

Action: Watch call expire worthless

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