![]() ![]() ![]() On August 24, Secretary of Defense Lloyd Austin issued a memo to senior Pentagon leadership announcing that he was implementing a mandatory COVID-19 vaccination policy for all military service members. The net cost of this hedge was negative, meaning you would have collected a net credit of $285 when opening it, assuming, to be conservative, that you placed both trades (buying the put and selling the call) at the worst ends of their respective spreads.Īuthored by Benjamin Braddock at American Greatness Defense Department Pulls A Bait & Switch On Vaccines Screen captures via the Portfolio Armor iPhone app. Downside Protection For ModernaĪs of Wednesday’s close, this was the optimal (least expensive) collar to protect against a greater-than-20% drop in Moderna over the next few months, while not capping your possible upside at less than 20% over the same time frame. Nevertheless, if you own Moderna and want to stay long, it might be prudent to add some downside protection to it. Readers may recall that when Carter Worth read Bitcoin’s chart last spring, he thought it was headed for $20k. Of course, technical analysis isn’t foolproof. ![]() Now CNBC market technician Carter Worth suggests Moderna may have more to fall. Strong returns from the oil E&P Laredo Petroleum (LPI), Bitcoin miner Marathan Digital Holdings (MARA), and Tesla (TSLA) have helped that cohort outperform despite Moderna. Moderna: Look Out Below?ĬOVID vaccine maker Moderna was our top name in late August…īut it has tumbled since, down almost 17% as of Wednesday’s close. First, a quick update on a COVID vaccine maker that reappeared among our top names last month, Moderna (MRNA). Our Twitter correspondent Benjamin Braddock wrote a disturbing post claiming that the Department of Defense is pulling a bait & switch on servicemen: promising them they’ll be inoculated only with a fully FDA approved COVID-19 vaccine, but actually offering them one approved only under an emergency use authorization. Photo via American Greatness Vaccine Mandate Violation? ![]()
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