Monthly positional strangles have become underrated.
Back in the day NIFTY only had monthly options,
Here's a summary of the research done by Tastytrade on how to trade it.
I have binge watched @tastytrade 's options content when I started out.
So here it is🧵🧵 1/n

First question..When to enter?
The tasty way has always been 45 days to expiration.
According to them it is the "Goldilocks' Zone" .
So Let's say you want to initiate a trade for Dec monthly Expiry, around 15th Nov would be the ideal date to enter the trade. 2/n
Second question..which strike price to trade?
The answer is 16D strangle ie -0.16D for PUT sell and 0.16D for call side.
This offers 68% probability of profit in theory which is equivalent to 1 standard deviation. 3/n
Philosophy of exiting early..
Tastyworks mechanism has this unique style of exiting based only on TIME and nothing else.
When the options are 21 days away from expiry just simply exit.
This reduces you gamma risk significantly.
4/n
How to manage winners and losers.
You can also try this if you're not interested in trading "only time".
Keep it simple,
Manage(exit) winners at 50% of max prodit
Manage losers at a loss of 200% of the initial credit received.
This reduces you profit but also your losses!

5/n
The backtest results.
Note that in this thread, Ive not covered how tastytrade's adjustment philosophies.
Feel free to check their website and explore.
Also RT the first tweet of this thread if you've found it useful.
6/n

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
https://t.co/6cRR2B3jBE
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.

https://t.co/FBfXhUrH5d


Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.


...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.


Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.