On December 10, 2020, I bought 10 shares of American Well (NYSE: AMWL) paying $30.09 per share for our Partnership Fund.AMWL is the latest addition to our Partnership fund.
We are now holding 10 shares of AMWL in our Partnership Fund portfolio
Using dollar-cost averaging our average cost per one AMWL share is $30.09
90 shares to go once we will be able to start selling covered calls and generate extra income from AMWL. We are looking to get there by March 2021
If we had 100 shares of AMWL today, we could sell January 15, 2021, covered call (monthly options) with a strike price of $35, to get a $1.15 premium. In case our shares would get called away on expiry we would realize $606 income in 36 days, that's a potential return of 20% in 36 days
By now AMWL takes 1.25% from our US stock portfolio.
About AMWL
Amwell, formerly known as American Well, is a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video.