Announcing how to prosper in spite of losing; the Novavax (NVAX) experience

Over the last 15 weeks, the S&P 500 went up by nearly 1%.

NVAX dropped over 40%!

About 15 weeks ago, one of our members committed about $500,000 to buy NVAX shares at over $174 per share; the premiums on covered calls were attractive! In short order, she lost $232,407.50 on the security itself.

The initial premium which she received didn’t even come close to covering the loss. However, she continued to sell just out-of-the-money covered calls each Monday with the expiry date on Friday of the same week. Also, when the NVAX price dropped, she bought more shares to bring down her overall per-share cost.

She is now working with 3,300 shares.

You can see her record below.

At the existing average weekly gains, she should be out of the red in three weeks.

Here is what she plans to do when the market opens today.

By the way, the Monday Morning program recommends passive investing; however, if you are adventuresome with a moderate level of risk tolerance, you might consider our member’s approach as well.