Our lone open position for the Six-Figure Portfolio Coaching program is set to expire today. I am recommending we roll the 1Life Healthcare (ONEM) call out to an October monthly position.
This is the last alert I will issue on the position. If you are called out on Oct. 16, it will be for a loss. Or you can continue to sell calls or roll the position as needed to generate income until you reach profitability. Feel free to contact me at [email protected] if you have questions.
Current Stock Price: $28.77
Cost Basis: $32.84
- Buy to close the ONEM Sep Monthly (9/18) 35 Call for around $0.03
- Sell to open the ONEM Oct Monthly (10/16) 30 Call for around $1.63
- Set your initial credit limit at $1.60, but adjust as needed to roll today
New Cost Basis: $31.24