
Earlier when asked about why the govt didn't act earlier the PM said “I think we were told about the new variant and the way it was taking off on 18th December and we went into T4 across the vast bulk of the country pretty much in the next 24 hours.”
This isn't entirely correct.

On December 14th Matt Hancock informed the Commons, saying the new variant was in at least 60 local authorities already.
https://t.co/cZ2gg7tSYz
He said they couldn't be sure whether that was due to the new variant but that caution was required.
On 18th December NERVTAG reported that they believed the new variant was indeed more transmissible.
On the 19th, the govt acted. This is the action I assume the PM referred to today.
But as you can see, it certainly didn't include "the vast bulk" of the country
Indeed- areas just adjacent to T4, in East Anglia, were still in T2

We know during this time the new variant was seeded elsewhere- but some of those areas still had lighter restrictions.


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• Positional Strangles
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How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
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— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
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• Sold Strangles 20% cap used
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Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
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
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Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
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