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