NU is up 6.52% at 5.39. I doubt that the stock will go above 5.5, but am okay with the stock selling off if it does. I am confident that, if it sells, I’ll have plenty of opportunity to buy back at a lower price.
With the hawkish stance from the Feds, this bear market is far from over and have to stick to my plan. Additionally, September is on average a declining time for the markets. Today is a break from the bear market rally, but does not change fundamentally. Sticking to my strategy and selling covered calls during this time of the year (see Sept. 5 blogpost).
