This response to my tweet is a common objection to targeted advertising.

@KevinCoates correct me if I'm wrong, but basic point seems to be that banning targeted ads will lower platform profits, but will mostly be beneficial for consumers.

Some counterpoints 👇

THREAD ON IRONFLY

These days the most preferred strategy for option sellers due to improved margins is IRONFLY. It's essentially a short straddle with long strangle. Long strangle acting as 'WINGS', which help in capping the unlimited risk associated with a short straddle.(1/n)

You can also view the position as a combination of Cal & Put credit spreads, if that makes it more easy for you.

There are 3 important things to understand while trading this strategy:

1) Initial size of the Wings
2) Risk Management
3) Adjustments

(2/n)

Since we are selling an ATM straddle, the 1st question is how far our wings should be? Ideally i sell .50 delta straddle & buy .20 or .10 OTM strangle, depending on my view on volatility. So the distance of wings depends on the IV setup. Higher the IVs, greater the distance.(3/n)

If you don't understand greeks, then ideally with 30 days to expiry (dte), wings should be around 300pts either side. If your trading in weekly then it should be not more than 200pts. Higher the premiums, higher the distance as we have more cushion of theta. (4/n)

It is important to understand that we need to reduce the distance of wings with time so as to manage our RISK in gap openings or sudden volatile move. So for eg. if you started with 300pt wings with 30dte, the wings wouldn't give the same protection when there is 7dte. (5/n)

A statement about Stephanie Hayden.

In January I became aware that Ms Hayden (who monitors this account despite being blocked) had made a series of defamatory allegations about myself and my wife.

The allegations were made on Twitter, via Hayden’s account, and were widely retweeted.

The allegations were that as a result of her making a police complaint, (1) the police were seeking to urgently speak to me.

Furthermore (2) that police has spoken to me on 26/12/20 and offered some kind of “robust” advice about my conduct on and off line.

Finally (3) that police attended my home address in November, where my wife mislead them as to my whereabouts.

Hayden commented about this at length on Twitter, said that both and I am my wife had lied, and that I had even given a false address in Hampshire.

I said at the time all the allegations were false.

The police “complaint” was nothing more than Hayden making yet another vexatious complaint to the police, as Hayden routinely does.

The police did not speak to me on 26/12/20, as alleged, or at all.

As a scholar who has researched and written quite a bit about the Anabaptists, can we set a few things straight?

1. Baptists are not Anabaptists. Their history is theirs; ours is ours. We have similarities, but we are not them. We honor them by not using them for our purposes.

2. Not all Anabaptists were in Münster, and many if not most Anabaptists at the time were just as appalled as we are by the Münsterites. So please drop the tropes equating all Anabaptists with Münster. Informed and honest scholars are known by their right retelling of history.

3. The same truth applies to the other types of Reformation Radicals. There is a great difference between those who have become known as Evangelical Anabaptists on the one hand and Spiritualists, Rationalists, etc. on the other hand. Respect them as you also wish to be respected.

4. Yes, there were Anabaptists who toyed with various heresies, including Arianism, Socinianism, and Celestial Flesh Christology. But there were also many Anabaptists who affirmed, commented upon, and used the traditional Apostles’ Creed, Nicene Creed, and Athanasian Creed.

And if you want to do the honest research, you can also find a few heretical Roman Catholic Popes and more than a few heretical Anglicans, Presbyterians, Lutherans. and whomever else you want to talk about. Good historical theology doesn’t play favorites; it speaks the truth.