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Default formula looking for an either/or solution in same column

I have a spreadsheet with one column showing pay grade - O3, O4, W2, W3.....
I have a formula which selects anything starting with O, but I need the
formula to also look for either O or W and count both of them together. any
help?
The current formula is:
=countifs(I2:I120,"=ASAE",B2:B120,"=O?",L2:L120"<1/1/2050")

 
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