Bottom line: MRNY seeks high weekly income by writing calls (and related strategies) against synthetic exposure to Moderna (MRNA). Biotech volatility can generate substantial option premiums, giving income investors a way to monetize MRNA’s price swings while collecting frequent distributions.
It is not a pure Moderna equity holding or a low-risk income product. Upside is capped, downside remains largely unprotected, and NAV can erode when distributions include significant return of capital or when the stock trends strongly. Concentration and biotech-sector risks are high.
Position size should reflect the high idiosyncratic volatility of a single biotech name. Always review the latest prospectus, distribution composition, and Moderna’s clinical/commercial outlook. This is not investment advice.
Distribution History for MRNY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| August 2024 | $57.75 | 124 | $0.4657 |
| July 2024 | $60.72 | 124 | $0.4897 |
| June 2024 | $104.74 | 124 | $0.8447 |
| May 2024 | $117.45 | 124 | $0.9472 |
| April 2024 | $97.12 | 124 | $0.7832 |
| March 2024 | $49.76 | 44 | $1.1309 |
| February 2024 | $26.15 | 44 | $0.5943 |
| Grand Total: | $1,050.38 | 3,714 | $0.2828 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $0.00 | 13 | $1,050.38 | $20.30 | $0.00 | $32.54 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).