How is our intrepid, fearless investor doing? NVAX update February 8, 2021

Last Monday, February 1, 2021, our intrepid, fearless investor sold 15 contracts of Novavax (NVAX), expiry date Friday, February 5, 2021, strike price $260.00 (C 05FEB21 260.00), and immediately pocketed more money before a late breakfast that day than she ever netted in two weeks when she was practising dentistry.

(She first needed to buy the NVAX shares because they were called away from her on the previous Friday, January 29, 2021. These cost her $331,410.00.)

What would have happened had she not written the covered calls but simply held NVAX, which went from $260.00 to $290.18 by Friday, February 5, 2021?

She would have made $45,270.00  ($30.18 times 1,500). That is as much as she ever netted in her best six weeks when she was practising dentistry!

Ah, hindsight!

But what can she say about the money that she pocketed? How about “Enough!”?

Here is what she plans to do when the market opens at 9:30 AM, Eastern Time, today.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me