First, if you have not rebalanced your portfolio recently, consider doing so anytime now. The S&P 500 is down 6.84% for the month ending on April 29. Bargain territory!
Next, here is how our fearless, intrepid investor did over the last two weeks, writing covered calls on Novavax (NVAX) on Mondays. To lower the risk of being assigned, she wrote those $10 out of the money instead of the usual just out-of-the-money sale, as she did in the past.
On April 22 expiry date, she sold ten covered call contracts on NVAX and got $US227.50.
On April 29 expiry date, she sold ten covered call contracts on NVAX and got $US547.50.
And her plans 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