It is no secret that I am calendar-challenged. Today’s post went out yesterday. However…
… having had a chance to think more about what to do when the market opens today at 9:30 AM, our fearless, intrepid investor has come up with additional potential benefits. I will communicate these to you here.
She has been writing covered calls on Novavax (NVAX) on Mondays with expiry dates on Fridays of the same week.
Last Friday, June 3, NVAX closed at $44.76. That is close to the low end of its 52-week range. By buying more, she would lower her average per-share cost and be in a position to write more covered calls.
Where will the money come from if she were to buy more NVAX shares? After all, this is her “fun” portfolio and should not exceed 10% of her overall stock market investments.
What is the worst that can happen?
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