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,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