Headline: “U.S. Stocks Post Biggest Monthly Gain Since April“.
Yet another August 31 headline states: “Feds sign deals with Novavax and Johnson & Johnson to secure millions of vaccine doses“.
Another August 31 headline tells the world that Novavax (NVAX) has agreed to sell millions of doses of their COVID-19 vaccine to the Canadian government.
There are many headlines showing that the markets are hitting new highs and that Novavax has clinched some major deals.
Yet Novavax stock is down!
How can that be? How is our aggressive investor doing selling covered calls on $500,000 worth of Novavax stock?