Mon., Aug. 23 update on our fearless, intrepid investor

First, we invite you to join our Sunday, Sep 5, 7:30 PM Eastern Time,  Zoom meeting dealing with the Buffett Indicator, what it means in today’s market and how it affects our portfolios.

Register in advance for this meeting:

After registering, you will receive a confirmation email containing information about joining the meeting.

Next, let us revisit our fearless, intrepid investor’s “fun” portfolio.

On Monday, August 16, she bought 1,000 shares of Novavax (NVAX) shares, since her 1,700 shares were called away on Friday, August 13.  She took $90,000 out of her “fun” portfolio for personal reasons.

The 1,000 shares cost her $247.55 per share for a total of $247,555.00.

By Friday, August 20, NVAX shares fell to $230.87 meaning that she lost $16.68 per share ($247.55 minus $230.87), or, a total loss of $16,680.00 ($16.68 times 1,000).

She sold ten NVAX covered call contracts strike price $250 to allow $5.00 per share growth if there is any, expiry date, Friday, August 20. (C 20AUG21 250.00)

There was no growth but a drop in price as noted above. She earned a premium of $9.25 per share or 1,000 times $9.25, which equals $9,250.00.

Combining the loss of $16,680.00 with the gain of $9,250.00 left her with a loss of $7,430.00.for the week on this transaction.

Like most “fun” portfolios most of the time, hers is not much fun right now.

Her plan 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