We have been following puts and calls on Novavax (NVAX) for several weeks now. The premiums have been high — 5.65% return last week, which came to $588.00 for each $10,400.00 invested or about $60,000 per million per week. Of course, that means that the associated risk was high — that is the way the world works.
Our September 1 post talked about one of our members who, in short order, lost some $170,000 on a $500,000 investment in NVAX stock. Writing covered calls and cash-secured puts on the stock for several weeks in a row, she is close to recovering the loss. Can she really expect to make money from here on?
What can we expect to see when the NYSE opens at 9:30 Eastern Time today? (The Toronto Stock Exchange will be closed for Canadian Thanksgiving.)
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