THREAD.
Former Australian Prime Minister @MrKRudd interviewing China's Minister of Foreign Affairs Wang Yi for @AsiaSociety.
Rudd is making opening remarks in Mandarin.
1. Sees China work within the framework of rules-based order that we've been developing together.
2. World adjusts and becomes more accommodating of China's values and interests and Chinese leadership becomes more apparent.
3. International machinery works better to preserve open systems.
Rudd disagrees with 4th that we are destined for war.
'How do we take the temp down?'
Wang: Rudd - you are a household name in China, a famous international advocate and you have made an important contribution to friendship between China and Australia. (This through translator)
'There are no insurmountable difficulties or obstacles between us.'
This is not something that we would like to see.'
'The go-it-alone approach has fractured and crippled the international system.'
'And we see McCarthyism resurging and jeopardising normal international exchanges.'
(A reference to Wolf-Warrior diplomacy)
'China follows an independent foreign policy of peace.'
It is not our philosophy to play a zero-sum game and be the winner that takes all.
'China's diplomacy is for equity, having experienced great humiliation in history, China understands how important equity is.'
'China is not a threat to the US.'
'The overwhelming majority of them [nations] do not want to take sides [and risk] being forced into a confrontation.'
'China and the US can come together again to facilitate international cooperation on climate change,' he says, noting Biden's intention to reinclude the US in the agreement.
'If the US-China policy were to remodel or subvert China it would not be achievable it would be Mission Impossible.'
'We shall not allow the law of the jungle to govern our world again.'
Hooray - Looking forward to Australian journalists being granted visas and unmonitored access to China!
#Huawei
On the South China Sea - there has never been a single instance where normal navigation or overflight has been impeded.
Rudd: It would be a wonderful thing if the vaccine could be treated not as an issue of geo politics but as an issue of global common good.
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
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
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
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
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
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
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0