How is our intrepid, fearless investor doing? NVAX update, March 1, 2021

Last Monday, February 22, 2021, our intrepid, fearless investor sold 15 covered call contracts of Novavax (NVAX), expiry date Friday, February 19, 2021, strike price $290.00  (NVAX C 19FEB21 290.00) and immediately pocketed $17,970.86 — more money before a late breakfast that day than she ever netted in two weeks when she was practising dentistry.

NVAX soon dropped to $230.00 and she lost more on the underlying than she received in premiums on the covered calls. A lot more! $68.37 per share, to be exact for a total of $102,555.00 ($68.37 times 1,500). She acquired her NVAX shares on February 8 at $298.37 per share!

She sees her NVAX shares as a money tree which shrinks and grows and shrinks but constantly throws off cash.

And what are her plans today for this fun portfolio when the market opens at 9:30 AM 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