Good move! And with yesterday's movement BVXV is down 22.56% in 2 trading days, so hoping my entry mark will come to fruition over the next few months.
I largely believe Covid is on the way down globally and Covid related news will have lower impact on the market and those on the Covid pump game will see their price decline over the next month too. India and Brazil being caveats. Russia is moving into the summer season as cases already peaked a little while ago and on the downtrend. Major economies will open up more and more and then the Covid treatments will become non-essential to the markets as the economy will be on the rise in general and the disease dies out.
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