Mon., Dec. 13, 2021. How our fearless, intrepid investor made out last week and her plans for today

On Monday, December 6, before breakfast, our fearless, intrepid investor earned immediate premium income of $7,830.00 writing (selling) covered calls on NVAX, strike price $160, expiry date Friday, January 10. (NVAX C 10DEC21 160.00) That allowed $10.00 per share for NVAX growth if it were to take place. The combined premium income of $7,830.00 plus a possible $10.00 per share growth would add up to $17,830.00. ($7,830.00 plus $10,000.00)

As luck would have it, note our use of the word “luck”, the hoped-for NVAX growth did take place and she got her $17,830.00.

She needs that, she needs much more to make up for her December losses. During the week ending on Friday, December 3, she lost $62.02 per share for a total loss of $62,000.00.

What are her plans when the market opens today at 9:30 AM? What choices is she looking at?

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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