On this day 76 years ago, the 82nd Airborne establishes a defense against the 6th SS Panzer Army in the small Belgian town of Werbemont. This was the northern shoulder of the German bulge.
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DECEMBER 20, 1944
BATTLE OF THE BULGE, DAY 5
At this point, the reserve forces (the 82nd and the 101st and the headquarters of the XVIII Airborne) are in sector and in their fighting positions. For the first time ever, the XVIII Airborne Corps is operating in combat.
On this day 76 years ago, the 82nd Airborne establishes a defense against the 6th SS Panzer Army in the small Belgian town of Werbemont. This was the northern shoulder of the German bulge.
It was freezing cold in Werbemont, as temperatures dropped to around 10 degrees Fahrenheit. Light snow covered most of the ground.
Meanwhile, the 82nd's sister Airborne division, the 101st, is now assigned to the VIII Corps. The Screaming Eagles are deployed to a crossroads town named Bastogne, trying to push back the southern shoulder of the German Bulge against the 5th Panzer Army.
So, the XVIII Airborne Corps starts the day with the 82nd Airborne as its only unit. But, General Ridgway was looking for units to pick up (remember, back then a corps was a loosely organized HQ that picked up units as needed).
By this morning (December 20, 1944), the 30th Infantry Division and the 3rd Armored Division are under the XVIII Airborne Corps. [this is the 30th Infantry Division Shoulder Sleeve Insignia]
With these three divisions, Ridgway can spread out his forces from the extreme east of the northern shoulder to the west to tie in with other elements of the 1st Army. [check out this cool map we made to help you visualize the friendly / enemy set]
But let's be clear: the biggest problem the Germans have along the northern shoulder on December 20, 1944 isn't the American airborne. It isn't Ridgway. It isn't the tank destroyers or the engineers or the artillery. It isn't the Americans at all. It was the traffic.
Damaged, narrow, iced-over roads caused hours of delay. German tanks were basically parked behind German tanks.
The counteroffensive ground to a halt.
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A THREAD ON @SarangSood
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.
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
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.
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.
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
