Established New Covered Call on NASDAQ: VXRT - 7.83% potential gain in 3 days

On May 31, 2022, I bought 100 shares of NASDAQ:VXRT stock paying $3.70 per share and simultaneously sold a covered call on them with a strike price of $4 and expiry this Friday. Credit received $6 (before commissions)

In the past, I’ve been selling credit spreads on VXRT with mixed success. What I know about it - is biotech, volatile biotech stock under $5 with juicy options premiums.

Vaxart, Inc. is an American biotechnology company focused on the discovery, development, and commercialization of oral recombinant vaccines administered using temperature-stable tablets that can be stored and shipped without refrigeration, eliminating the need for needle injection

Stock Price Forecast

The 5 analysts offering 12-month price forecasts for Vaxart Inc have a median target of 11.00, with a high estimate of 18.00 and a low estimate of 6.00. The median estimate represents a +192.55% increase from the last price of 3.76.

This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.