The important difference between AstraZeneca's relationship with the UK and with the EU, and the reason it has fallen behind schedule on 50m vaccine doses promised to the EU, is that the UK agreed the deal with AZ a full three months before the EU did - which gave...

AZ an extra three months to sort out manufacturing and supply problems relating to the UK contract (there were plenty of problems). Here is the important timeline. In May AZ reached agreement with Oxford and the UK government to make and supply the vaccine. In fact Oxford...
had already started work on the supply chain. The following month AZ reached a preliminary agreement with Germany, the Netherlands, France and Italy, a group known as the Inclusive Vaccine Alliance, based on the agreement with the UK. The announcement was 13 June. BUT the EU...
insisted that the Inclusive Vaccine Alliance could not formalise the deal. The European Commission insisted it should take over the contract negotiations on behalf of the whole EU. So were another two months of talks and the contract was not signed till the end of August...
What is frustrating for AZ is that the extra talks with the European Commission led to no material changes to the contract, but wasted time on making arrangements to make the vaccine with partner sites. The yield at these partner sites has been lower than expected. The problem...
is in the course of being sorted. AZ say it is working 24/7 to make up the time and deliver the quantities the EU wanted. It says its contract with the EU - as with the UK - was always on a "best effort" basis, because it was starting from scratch to deliver unprecedented...
amounts for no profit. AZ is not blaming the EU. But it does not understand why it is being painted as the "bad guy" given that if the deal had happened in June, when Germany, the Netherlands, France and Italy wanted it done, most of these supply issues would already...
have been sorted. A pro-EU source at the company says "I understand Brexit better now".
PS According to AZ, the EU claim that it pays less to AZ per dose, and that is why AZ "works harder for the UK than for the EU", is "completely incorrect". It charges the same price to all buyers, wherever they are in the world, subject to small adjustments due to local costs

More from Brexit

Two excellent questions at the end of a very sensible thread summarising the post-Brexit UK FP debate. My own take at attempting to offer an answer - ahead of the IR is as follow:


1. The two versions have a converging point: a tilt to the Indo-pacific doesn’t preclude a role as a convening power on global issues;
2. On the contrary, it underwrites the credibility for leadership on global issues, by seeking to strike two points:

A. Engaging with a part of the world in which world order and global issues are central to security, prosperity, and - not least - values;
B. Propelling the UK towards a more diversified set of economic, political, and security ties;

3. The tilt towards the Indo-Pacific whilst structurally based on a realist perception of the world, it is also deeply multilateral. Central to it is the notion of a Britain that is a convening power.
4. It is as a result a notion that stands on the ability to renew diplomacy;

5. It puts in relation to this a premium on under-utilised formats such as FPDA, 5Eyes, and indeed the Commonwealth - especially South Pacific islands;
6. It equally puts a premium on exploring new bilateral and multilateral formats. On former, Japan, Australia. On latter, Quad;
Brexit also brings UK pork sector to standstill. Surprise eh? @RichardAENorth 🙄
UK pork processors are experiencing significant issues in exporting products to the EU, which has already brought part of the industry to a complete standstill, risking knock-on impacts on farm.


The widely seen footage of overzealous Dutch (*my edit: "no they were not"*) inspection officials confiscating ham sandwiches transported by British hauliers is just the tip of the iceberg as far as the UK pig sector is concerned.
The NPA’s processor members have reported that

excessive (*my edit: only for non-EU members*) bureaucracy associated with paperwork requirements are causing delays at Dover, Calais and other ports. With pork being a perishable product, these delays are making UK shipments unattractive to buyers in the EU, forcing processors

to reject shipments and cancel future orders.
Despite the trade deal agreed between the EU & UK just before Christmas, the UK’s formal departure from the EU Customs Union and Single Market was always going to mean additional checks, new labelling and certification requirements

and delays at ports. While the full overall impact of the new rules is yet to be felt, as UK export volumes remain lower than normal for the time of year, the UK pig sector is already feeling the effect. Processors have reported a number of issues, including:

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold