Sirwin
Sirwin

finX: MRNA v BNTX - Fierce Contest for a better COVID-19 vaccine πŸ’‰

By artum-x | Custom finX | 17 Nov 2020


Moderna vaccine 94.5% effective, US sets new record for daily cases

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it was a great day for a vaccine, even better for testing our pair trading strategy.

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Last time we followed BNTX v IBB from 01.02.2020.
This time we chose MRNA v BNTX from 10.01.2020 because the full options chain for BNTX became available just a month+ ago.

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Remember our pair trading strategy with 2 accounts?
The custom ratio for Buy BNTX, sell MRNA with enclosed options in 1st account, the exact reverse in 2nd:

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24539af6bf8f55c284e9879613fc0cb95c99032e72dd3296a66eadbbe0251652.jpeg

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The middle one presents the custom ratio P/L which Flipped from +$13,194 to -$10,170 in an instance this morning.
Custom ratio makes it possible to select investment size, $20 in this case. Very neat!Β 
Options held the value nicely for the Flip. We added the ETH position for an additional hedge from the same 10.01 and it helps to hold the profit for our strategy even better.

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We'll follow the P/L of this pair trade for some time.

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Stay safe, be profitable! πŸ“ˆ 🌎 πŸ“‰

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artum-x
artum-x

I develop custom finXs - financial indices on Y!F My Platform, spreadsheets & in my dreams, subconsciously when I sleep😴 With Fed & major Central banks taking on CBDC & all cryptocurrency advances, finXs is a playground 4 everyone. Former NCTM member😍


Custom finX
Custom finX

Few months ago @EricBalchunas on Twitter asked: Who will be next to join BlackRock & Vgrd in the $1T Club for ETF assets? My answer? https://twitter.com/bi1te/status/1146282224406474754 ... China, Germany leading the pack. πŸ“ˆπŸ“‰πŸ”’ Custom financial indices - excellent way to not only develop robust fin. ai's but also learn hands-on basics for math students of all ages. The @NCTM is doing its part, @IndexIndustry keeps the light bright. This blog intends 2 share challenges & advances along the way. Enjoy 🀣

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