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OIB Trade Alert: NVAX

Let’s book fast profits on our Novavax (NVAX) put, earning an excellent annualized rate of return.

Current Stock Price: $41.37

Cash in Hand: $0.47

Action: Buy to close the NVAX Aug Monthly (8/19) 35 Put

Current Option Price: $0.20-$0.21

Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today

Profit: $0.26, or $26 per contract

Rate of Return: 0.7% in five days, or 54% on an annualized basis

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