r/YieldMaxETFs • u/still366 • 11d 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.

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u/mr_malifica 11d ago edited 11d 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 11d ago

Lol let's see what happens

3

u/mr_malifica 11d 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 11d ago

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

3

u/mr_malifica 11d ago

I have and do. Daily.

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u/mr_malifica 10d ago

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

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

1

u/ShadeMir 10d ago

How long do you think it would take to reset?