I'm watching the City of Austin press conference:
Judge Andy Brown says today's ice storm made roads incredibly dangerous, so please stay home if possible.
(Here is a list of the various shelters, some are for warming, some are for staying the night
https://t.co/wOKkumvdok)
Today we need to talk about water. We are using 300 million gallons on water, which is more than we've ever seen. We need to not use major appliances and not run water.
We are also calling for volunteers. The city's website has a form you can fill out if you are able to help
A: Austin has more areas that include hospitals and critical areas, that needed power to stay on. We maxed out and had no ability to rotate because nobody could be cut
A: I can't give you what the impact is right now because we buy energy from @ERCOT_ISO. But there will be impacts.
A: we have to shut off large blocks of power and can't shut off meters one by one. We don't have technology to do that.
One main break was in Circle C, which is why SW Austin is struggling with water today.
@AustinWater : If you have gas you can boil that way. But if you have an electric stove, you'll need bottled water or other liquids to do this.
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BREAKING\u2014 \u201cThis \u2018SHADOW GOVERNMENT\u2019 had a huge hand in running the show on Nov. 3 and you may have not known it\u201d says attorney Phil Kine. @newsmax pic.twitter.com/8ypASTEA1Z
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London's status as a financial centre isn't as secure as some might think | Dan Davies https://t.co/q9SU7ra4oF
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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.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
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.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
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.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020