Mon., Dec. 20, 2021. How our fearless, intrepid investor made out last week and her plans for today

On Monday, December 13, before breakfast, our fearless, intrepid investor earned immediate premium income of $7,149.00 writing (selling) covered calls on NVAX, strike price $185.00, expiry date Friday, December 17. (NVAX C 17DEC21 185.00) That allowed $10.00 per share for NVAX growth if it were to take place. The combined premium income of $$7,149.00 plus a possible $10.00 per share growth would add up to $17,149.00. ($7,149.00 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 $17,149.00. Added to the previous week’s gain of $17,830.00, her December 2021 covered call sales have earned a total of $34,979.00.

Remember that during the week ending on Friday, December 3, she lost $62.00 per share for a total loss of $62,000.00. Her net December result is a loss of $27,o21.00.($62,000.00 minus $34,979.00)

With two more weeks remaining in December, she might break even writing covered calls for that month.

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
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