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11/09/2020Binck– Put35.40


Today was a strange day, it started well above +1% due to Biden’s election when later on suddenly during midday, Pfizer said they have a vaccine that works 90% of the cases and the markets shot well in the green.
All normal companies took +10 or +20% and those that went up due to covid lost the same value.
Never seen something like that.
In the morning I decided to do an intraday iron condor as I didn’t expect it to go much higher.
Pfizer then changed my mind and I ended the day with a loss.
Yield for this put spread is 6.56% and cap yield 0.08%.