Mon. August 8, 2022. How our fearless, intrepid investor made out recently and her plans for today

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, August 5, NVAX closed at $60.27. She has 1000 shares of NVAX. Therefore, her overall loss adds up to $US10,990.00 ($US71.26 minus $US60.27 times 1000). That is somewhat offset by the NVAX premium income of $US1,200.00 that week, but it still hurts!

On Friday, August 5, the $60.27 NVAX price was above her strike price and she was assigned. She received $US83,250.49.

She discussed various possibilities with knowledgeable friends about how to continue with selling covered calls and this is what she will do 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