Novavax puts and calls premiums, Monday, October 26 followup

The Monday Morning Program recommends passive investing. 

There is interest in following up one of our aggressive members who, at the beginning of September, invested $500,000 in Novavax (NVAX) at $174.39 per share to allow her to sell covered calls on the shares.

Soon after, NVAX dropped to $92.90. Her loss, just over $200,000 exceeded the premium she received by a wide margin. However, she bought more NVAX, lowering her per share cost. Each Monday after that, she wrote more covered calls/cash- secured puts on it, receiving between $12,000 to $18,000 premium income each week.

What are her plans now?

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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