She also sold 15 covered call contracts on Novavax (NVAX) at a strike price of $US52, expiry date FRIDAY, JULY 1 and not June 24. (C 01JUL22 52).
For several weeks now, NVAX has dropped by more than the premium income she received for an overall loss in her “fun” portfolio.
As we frequently state, luck hardly matters with the habits of the Monday Morning Program. Writing covered calls does require luck. Last week, she was lucky! NVAX rose enough for her to buy 200 more shares of NVAX.
What is the worst that can happen?
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