I am up a lot for the year. I was out of MSFT spot the next day. I haven't posted here since Feb... so obviously all positions are intact, right?
It's a pure arb. I would show the terminal PNL but it may give something away. The terminal peak is worth $472K and change.
Pure arb -> no sim -> volshift of -500bp -> long vol -> stress is conservative but I cannot elaborate. Sharpe >10. None of this is hyperbole.
China finally throwing in towel on their vax, might do deal with Moderna:- TOKYO, Sept 14 (Reuters) - Moderna Inc (MRNA.O) has held talks with the Chinese government about supplying COVID-19 vaccines, but no decision has yet been made, CEO Stephane Bancel told Reuters on Wednesday.................. https://www.reuters.com/business/he...that-biontech-violated-patent-ceo-2022-09-14/