The second paragraph of last Sunday’s post stated: “As you see below, NVAX shares dropped during the week bringing the value of her shares to $227,078.16. That is, she sustained a loss of $29,492.74. ($285,746.89 minus $227,078.16)”
A sharp-eyed member noted that the correct number for the loss is $58,668.73.
As planned last Sunday, yesterday, our fearless, intrepid investor sold eleven just out-of-the-money covered call contracts, strike price changed to $237.50 from the expected $242.50, expiry date Friday, September 17. (NVAX C 17SEP21 237.50)
Her premium income on the transaction came toYou need to login to view the rest of the content. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us