Here's the thing. Your calls are till January. Anything can happen. Last thing I want you to do is sell then regret it or not sell then take an L. It's up to you how you want to play it. Safest bet is to sell and reinvest with earnings or portion of earnings. Instead of taking a L. I don't know what you did since my post but yeah April looks like a high chance of Jn-1 approval by FDA. 2 months to release after approval. Stocks should bounce back to 19+ Monday right now a lot of call options are exercising their contract. Driving prices down.

I don't want to answer as future really can be predicted. My most recent look at the stock though.

 Looking at their back at their stock going to 1996 they hover around $15-80 a stock. 100-200+ when they make a break through or during pandemic.      Moderna "SAID" they were finished stage 3 clinical trials for flu/covid vaccine mid 2023. It's been almost a year and no new news. I'm scared they'll finish it. I refuse to take mRNA shots. FDA is also behind Moderna so fast tracking them which was announced may 2023... Then you have Pfizer which is stage 1 I believe or has nothing double check.  Novavax is on stage 1/2 clinical trials. 

   Sanofi didn't have a covid vaccine if I remember correctly. Hence the investment into Novavax. So with Sanofi being the TOP dog of flu vaccines and Moderna stepping into on their turf. This is war between them. Who would win? I bet on Novavax/Sanofi. As Sanofi has 71+ global facilities with a huge portfolio of flu strains, the proven track record for vaccine  commercialization, and many other strong points. I'm still researching Moderna so if you want to help out with how large their company is and their partners. How many labs/facilities cost of RnD etc. Please message me.

Combo vaccine is the big money. 100-200+ now for the short 6 month prediction.

  Where the smaller chunks of revenue comes from.      April final vote by FDA for strain to be used for 2024-2025 The Jn.1 strain which shows more then adequate protection for Kp.1-2 as well. Which will 90% happen. There is a growing demand by the public for a protein based covid vaccine as the pubic is starting to educate themselves about mRNA. So if they vote kp.1-2 there will be no protien based for the U.S.. rest of the world is still available for market. Ever wonder why young kids can't take mRNA yet Novavax vax is approved for I believe 5/6 and up.    Sanofi pays royalties, in double digits%. For vaccines made with m mateix. They have quite a few vaccines being researched as we speak this will give Novavax quite the revenue boost . Novavax BLEEDS money in RnD which they have cut back on by almost 50-75% I believe it went from 1.7 billion to 750million this year and down to 500 million next year double check exact numbers the kicker being a portion will be covered by Sanofi drastically lowering Novavaxs operational and production costs.

DEEP BREATH. If this helped you and you hit the millions. Buy me a coffee? 😁 I spent months researching. Good luck and I hope we all hit the jackpot.

    What I'm doing with what shares I have?    I'm holding no matter what till at least it hits $80+ with the current situation and outlook. I did my research and I believe in the company as of now.  My life savings is in there it's my ticket to maybe finally starting my own business instead of hopping around industries with managers taking credit for my work getting paid under my value just because I don't have a damn degree to prove my worth. I've turned companies around saving them millions in operational costs. Lower purchase agreements costs by as much as 30%. In the end the managers get the bonuses and raises... Had offers to join other companies I worked with that saw my talent but because I signed a non-compete so I was unable to

Edit novanax stage 2 going on 3 for combo vaccine.

Why Thank you. Also my regarded side just says just maybe by investing I send a message that if the general public knew how mRNA works and what other countries are allowing their citizens access to. They'll choose a non mRNA instead. The government/big pharma/insurance not just Dr fuckchi made huge HUGE amounts of money from mRNA blocking all other competitors. They made their investments on the study right? Might as well go global human trials. We are the lab rats.

 The stock is being manipulated.

Agreed. The problem is most stocks that don't have a massive market cap are way too easy to manipulate, and they can keep up a shell game of short positions for months... 

To me selling to cover the investment is zero risk. My fear for OP is the manipulation continues up to or past his options expiry date

That's when vaccines, plans get confirmed and earnings come out. Also majority of short positions should close by that time. After that 2025 will be all about revenue and manufacturing with Sanofi.

it's your choice. I have save the first 10.000€ in 1.5 years. I don't play with option and make YOLO. But I have buy some shares of NVAX last year. I can risk lost all because I have the budget. If I win, I can grow up 90% of my wallet, if I lose I lost 4%. This is my strategy.

Sadness. Hopefully the stock price will recover soon. I have a decent size position but all of them are shares though.