⚠ The Texas electric system is facing an unprecedented power shortage situation due to the extreme winter weather impacting the entire state, including Houston & the region. Texans’ electricity consumption needs have far surpassed current power generation. #houwx #hounews 1/10

Early this morning, @ERCOT_ISO declared a statewide power generation shortfall emergency and asked electricity delivery companies to reduce load through controlled outages in an effort to bring the supply of and demand for electricity back into balance. #houwx #hounews 2/10
As CenterPoint Energy made preparations to follow @ERCOT_ISO's directive to reduce load, we were anticipating outages of 15 minutes to more than an hour. #houwx #hounews 3/10
This morning, conditions for power generation were, & continue to be, very serious; @ERCOT_ISO needs electric companies to reduce their load at a higher level & longer than they originally thought, which in turn is resulting in longer outages for customers. #houwx #hounews 4/10
Unfortunately, if you are a customer who is currently experiencing an outage, you should be prepared to be without power for at least the rest of the day. #houwx #hounews 5/10
We appreciate our customers’ patience as we continue to follow @ERCOT_ISO's directive to reduce load and implement controlled outages across the Greater Houston area. #houwx #hounews 6/10
For all of our customers who do have power, we continue to ask you to conserve power as much as possible to assist with this situation. #houwx #hounews 7/10
As you may know, CenterPoint Energy is a transmission and distribution company and does not generate power, so the shortage of power generation capacity we are facing is not something we can directly address. #houwx #hounews 8/10
We know this is a very difficult situation for our customers, but we are doing our part, based on @ERCOT_ISO's directive, to reach a power supply and demand balance across the state. #houwx #hounews 9/10
We appreciate our customers’ patience and understanding as we do what we can to manage through this significant state-wide power supply situation. #houwx #hounews 10/10

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MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
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• Plenty of Examples
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How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
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2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold