A belief to me proves only the phenomenon of belief, not the content of the belief.

-Carl Jung, "Memories, Dreams, Reflections"

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)

You wanna know the real reason WHY the "Old Guard" (Evil Powers that once ruled this world) wanted all of you dumbed down?
Your brains are supposed to work like mine does. You All are supposed to be able to see into the future etc. They poison all of you with foods that keep

you asleep.
Certain Daily products that all of you use like toothpaste,Deodorant,soaps etc do harm to you without you even knowing that harm is being done. Those who don't know these things are just so used to being the way they are and think it's all "Normal" when it's really

not. Your minds are designed for so much more and they know/knew this. THEY want all of you dumbed to so you just fall in line to what they say. They want you to follow all the latest Trends, They want you to follow the "Stars". Most of the stars advertise products but I

guarantee you that they themselves don't use 90% of what they are advertising on the market today.
They are being used as puppets, thinking all of you will just follow them blindly falling into all the traps they have had set out for you ALL THESE YEARS..

Look at Portland for

example, They are legalizing all recreational drugs. Allowing Young adults who's brains aren't fully developed to just poison themselves. What happens in 5-10-15 years from now? Our entire youth is poisoned more than they already are? All our adults that the children look up too

Thread: One of the things demons and fallen spirit beings want to do is replicate their torment in your marriage and family. Part of that strategy is to encourage us to treat each other with the same savagery they treat each other, since they have no capacity for love or...

compassion, even for their fellow fallen spirit beings. Even when a demon helps another demon it is only in self interest, never loyalty or love. This is what they hope to do in your family and marriage. Marriage is the foundation of culture. If you can destroy marriage, you can

destroy culture. If they can destroy the relationship between husband and wife, they can destroy the spiritual formation of the children. Demons are keenly aware of the social structure put in place by God and where to launch their attacks against it.

Marriage is properly defined as a solemn contract in which a man and a woman confer bodily rights, among other things, for the sake of procreation. This is strictly a formal theological definition of marriage. Marriage is solemn because it is formalized in public, and witnessed..

by a minister of the church. It is a contract because there is a conferral of bodily and other rights. Now some might ask, isn't marriage a covenant? Yes and no, depending on how you define the word. If we define a covenant as a solemn contract, then yes. In any valid contract,..

The very first section of Robson's allegations is an example of how when he realizes a certain true part of his story does not support his goals he simple changes it to a lie.

He and Joy repeatedly stated under oath that Target run the 1987 dance contest.

Wade 2005 testimony

Joy 2016 deposition

Wade 2013 Apr declaration

blacked out but it's clearly Target not MJJ Production

Wade 2013 Apr Complaint

Wade June 2013 first amended complaint