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?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