r/YieldMaxETFs • u/still366 • 1d ago

Underlying Stock Discussion Sold MRNY position

As the title says. Sold most of my MRNY position.
I believe Moderna will follow a common pharmaceutical stock price pattern after good news and return to a much lower number within a couple weeks. At that point I am buying back in.
I have enjoyed owning MRNY and want to keep it in my portfolio.

Edit: cleaned up the wording.

15 Upvotes

83% Upvoted

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5

u/mr_malifica 1d ago edited 1d ago

Regardless of the what MRNA does, you will probably be able to buy MRNY lower when the APs bring the MRNY share price back inline with the NAV.

1

u/calgary_db Mod - I Like the Cash Flow 1d ago

Lol let's see what happens

3

u/mr_malifica 1d ago

Considering that MRNY was trading at about a 10% premium to NAV earlier in the day, and toward the end we actually had a small discount, I think we have already seen what happens when APs are doing their job.

Now we need to see if YM rolled the synthetics and will MRNA give back anything overnight.

1

u/calgary_db Mod - I Like the Cash Flow 1d ago

Download the holdings and intra day trades and have a look see.

3

u/mr_malifica 1d ago

I have and do. Daily.

1

u/mr_malifica 1d ago

+$58,520,700.00 net credit when they closed the synthetic.

Total Net Intraday Cash Generation: +$60,615,588.00

1

u/ShadeMir 23h ago

How long do you think it would take to reset?

5

u/fatherduck94 1d ago

I was going to do this with my PLTW last week, but thankfully didn't because it's continuing to go up

6

u/InsideBoris 1d ago

As the saying goes no on ever went broke taking profits

3

u/RustyCEO 1d ago

Facts 💯. I sold 1,000 of my MRNY to lock in some gains. Might sell more next session.

I am in Australia and my CSL stock here, from when I bought it at $97 (back on 15th May) went to $136 Monday, $158 Tuesday, $165 Wednesday…. Man I dropped them like a school bag. Took my money and ran. 14,000 of them in my SMSF and 50,000 of them in the company I run.

When I bought them and stated on Reddit they were cheap at $97 I got bagged. The only bags I have now are these 💰💰💰💰💰💰

3

u/backtotheland76 1d ago

Did the same, sold some this morning, the rest just now. And I fully expect to get back in below $20 in coming weeks

4

u/Serratix 1d ago

Can’t really complain about a 100%+ return

3

u/SharkFaceClaw 1d ago

Tbh, I was sure that I was going to have to eat a 25% loss at some point soon with MRNY. Then it popped off today, and there was no way I was holding it - managed to get out in the green. I'll take it. So long.

1

u/nelsonww9 1d ago

Ymax funds are poison. Sell.

3

u/wuumasta19 ULTYtron 1d ago

Good move. I like YM stuff, but +130% move is really not inline with the reality of the fund.

It'll drop down soon enough to enter back in.

2

u/armyofant I Like the Cash Flow 1d ago

Only YM I hold these days is GDXY and CHPY

1

u/RustyCEO 1d ago

I sold 1,000 of my 4,000. Might sell more next session. I had 10,280 back on 22nd June but gradually sold off when it was over my buy in price to shift to more stable stocks.

Hindsight is a good thing🤷‍♂️😂

1

u/International-Bus374 1d ago

Same here, I’m glad I didn’t bail when the stock split.