Our Sonos (SONO) call expired worthless on Friday leaving us with uncovered shares.
The company is scheduled to report earnings on Wednesday, and I do not want to hold a position through the announcement. Thanks to today’s rally in the stock, we can exit with a small profit.
Current Stock Price: $35.32
Cost Basis: $35.19
Action: Sell shares at market
Profit: $0.13, or $13 per 100 shares
Rate of Return: 0.4% in 69 days, or 2% on an annualized basis