Thanks to all of you who joined our zoom meeting yesterday. I am happy to speak to anyone who has any questions. (No charge, 705-441-4566)
Now, let us see what our fearless, intrepid investor will do in her “fun” portfolio when the New York Stock Exchange opens tomorrow, September 7, at 9:30 AM. (Today is a market holiday.)
Like most portfolios not investing within the guidelines of the six habits which the Monday Morning program promotes, her “fun” portfolio is not doing well compared to a typical Monday Morning portfolio. (See SPIVA for evidence-based claims.)
Her plan?
She remains interested in writing (selling) covered calls on Novavax (NVAX). Since she was assigned last Friday, September 3, she first needs to buy some NVAX. She decided to buy 1,100 shares. Based on last Friday’s closing price of $251.49, that will cost her $276,639.00. ($251.49 times 1,100)
As you can see below, MorningStar analysts estimate that NVAX is 6% undervalued now.
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