Covid-19 is booming back

29-Apr-2023

Last Saturday I met Deepak Bhatia and Pete over dinner, and I was told by Deepak on Sunday that his son is now positive for covid-19. That's like oops, and there started the isolation for next couple of days. Unfortunately, I had met Dipak Mishra in the morning. I cancelled my morning walks and any plan to go to office this week. A couple of planned dinners were cancelled. Suddenly, there was more, Arup got positive last Monday too and then a couple of few more here and there. #Covid-19 is still scary and socially pressuring as everyone gets conscious of it. Well, the good news is that by end of this week we all who had dined last Saturday still remained negative. I started my walk back today and it feels very refreshing. 

Next two weeks looks very busy, guess nothing new. My visa appointment is on 3rd May, hopefully it will go well, and I can travel to US. I still have to close on the house, and most important is my interview on 12th May. It is stressing to be honest. 

Spoke to Venky this morning and he will be shifting to Atlanta end of May in the home he already bought. I am not sure, whether he is still active in trading, but he talks less about it. May we both have accepted that it has to work this way only for us, where we continue to focus on our jobs and still keep entertaining us with the trading. It will only be a side gig. I am looking forward to seeing him if I am able to visit Miami on 15th May, but it looks tight unless I go a bit early. Well, let's see. 

Home scenario is still the same, looking forward for Pallavi and Myra to travel to Bangkok after 20th May. Anvay is still juggling with what he is going do next. He must have got some confidence after his acceptance to Penn's State. However, it is without any scholarship offer so have to pass it guess due to large fees and expenses. It is estimated to cost $50k for a year, which is like fucking too much for someone earning in India or Thailand. 

Markets looking so bullish and India #VIX (Volatility index) under 11. I read its lowest in last 40 months and seems like nifty is going to fire a bit more on the upside. This is not good news for my positions as I rolled over short 17200 CE to May which is taking heavy losses. April was a total disaster; however, net P&L was positive 3k. It's a shame, but I like green. I think I am stuck in this short call trade and a positive May will be a bigger challenge than April. Premiums are low as VIX is lowest, and there is no money on the adjustments when you sell more PEs. It's not an ideal scenario for option sellers. 

I took few aggressive bets to adjust April toward positive, like traded #banknifty, #adanienterprises and it helped to some extent. The trend is so directional that you just have to sell puts to make money. I am stuck because of my short call position, and I didn't see this big bull trend coming. I don't think we will see 17800 on #nifty during May. 

Suddenly, everything on economy locally and globally looks so vibrant (Ukraine war still going on, and I don't know whether I should call Zelensky very brave or idiot. World seems to be more chaotic this week with fighting in Sudan. 

Well, I don't want to think too much, and will handle as it comes. Next week is a very short week, with few holidays so looking forward getting some rest and focus on my big interview. It's like finding a new job.

vA