Can we do both H1B Transfer and H1B Extension at same time


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I am Currently in initial(first one) H1B Visa and I recently applied for H1B Transfer to new employer in premium processing which got RFE , RFE was answered(8/28) and waiting for Approval. 

But my current H1B visa is about to expire on mid of Oct and requires extension if i want to stay with my current employer. In this situation


1. Can i process both H1Extension and H1Transfer at same time

2. Do i need to wait for H1Transfer Status and then apply for H1Extension 


Is it advisable to apply both(Transfer and Extension) at same time.

Please help me on above situation. 



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