#IRCTC-
@dtbhat https://t.co/C3bABWssNW

The Straddle is my favorite trade these days. But more often than not, one needs to adjust to make a good return from it. There are many ways to do this depending on your view, psychology and imagination. Will discuss a few that I use

The Straddle is a delta neutral strategy and it is important to keep deltas in check during the course of the Trade and not let them run away from you. Of course Volatility is the elephant in the room- but not going there as that will require a separate discussion

The first and most common method is to go 'inverted.' That is to say to shift the untested side to generate additional Premium and increase the runway to Breakeven. So if you start with a Straddle at 700 and price goes to 740, you can move the PE up to say 720.

How much should you move the untested side? While again this is a matter of skill, experience and artistry, the rule of thumb is to cut deltas by half. Remember, prices will move and you have to allow sufficient room for them to fluctuate

The second method is to shift the entire Straddle in the direction of the move. So if you have a 700 Straddle and Price goes to 740, you can shift the Straddle to 720. If you time this right, it can generally be done at virtually no cost or minimal cost.

A thread on how absurd the UK is on transgender issues and how the UK got so transphobic

In 2015 Parliament held an inquiry looking into the state of Transgender equality. Trans people of all stripes outlined many different problems across many, many different areas.

As a result Parliament created a list of recommendations including legal recognition for non binary people, gender recognition act reform, allowing 16 year olds to change their legal gender and reform of NHS gender identity services.

The government under Theresa May ignored everything that was recommended except for Gender recognition act reform. This act came into law in 2003 and gave trans men and women (but not non-binary people) the ability to legally change their gender on their birth certificates.

The process at that time to change your birth certificate under the GRA was to make an application to a panel of cisgender people who would decide if you were sufficiently trans based on your payslips, photo ID and bank statements. You would not get the option to speak to them.

(Also this process cost £140 which is just a tax on being trans)

The Story of how Mary Slessor Stopped the killing of Twins but sadly died of Fever.

All you need to know

Retweet to educate someone

Killing new-born twins was common practice in the 19th century among the Ibibio people of Nigeria, but one Scotswoman went to great lengths to put an end to this.

Aberdeen-born Mary Slessor was one of the few missionaries in Africa who learnt the local language, adapted to the native customs and environment and gained the trust of the locals in order to make a truly positive impact.

Her father, a shoe-maker from Buchan, became incapacitated by alcoholism and Mary more or less became the breadwinner for the family.

From the age of 11, she worked as a ‘half-timer’ mill girl in the Baxter Brothers and Co Ltd, spending half the day at a school provided by the mill owners and the other half working for the company