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Next, let us revisit our fearless, intrepid investor’s “fun” portfolio.
Here is a summary of her year-to-date Novavax (NVAX) position. We are grateful to her for sharing this information with us.
Her “fun” portfolio stands at a loss. The main reason is that she bought NVAX at the very top of the market. In about one week, she lost $232,407.50.
She sold and continues to sell just out-of-the-money covered calls on NVAX each Monday, expiry date Friday of the same week. Occasionally, she writes further out-of-the-money covered calls to allow for some gains from growth if there is to be any. That has worked out half the time.
Like most “fun” portfolios, hers is not much fun but is getting to be less painful.
Here is what she will do it when the market opens at 9:30 AM today, August 16, 2021.YOU NEED TO LOGIN TO VIEW THE REST OF THE CONTENT OR LEAVE A COMMENT. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us