On January 20, 2021, I bought additional 30 shares of American Well (NYSE: AMWL) paying $29.84 per share for our Partnership Fund.
We are now holding 30 shares of AMWL in our Partnership Fund portfolio
Using dollar-cost averaging our average cost per one AMWL share is $29.92
70 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 February 19, 2021, covered call (monthly options) with a strike price of $35, to get a $1.25 premium. In case our shares would get called away on expiry we would realize $633 income in 30 days, that's a potential return of 21.11%
By now AMWL takes 2.73% from our US stock portfolio.
Amwell, formerly known as American Well, is a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video