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…

Novavax (NVAX) ran up last month as the Food and Drug Administration authorized the use of its COVID-19 vaccine for use in adults in the United States. It has since pulled back, including a sharp sell-off this week after the company cut its full-year revenue forecast on lower-than-expected demand for its COVID-19 vaccine. But the…