Like most “fun” portfolios, hers has not been much fun lately. But, she is smart enough to keep it under 10% of her stock market investments.
Her average cost for her Novavax (NVAX) shares was $US71.26. On Friday, July 29, NVAX closed at $US54.51. She has 1000 shares of NVAX. Therefore, her overall loss adds up to $US16,750.00 ($US71.26 minus $US54.51 times 1000). That is somewhat offset by the NVAX premium income of $US950.00 that week, but it still hurts!
Luck hardly matters with the habits of the Monday Morning Program. It certainly matters when writing covered calls.
And what are her plans today when the market opens at 9:30 AM?
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