{"id":1787,"date":"2018-10-08T17:55:16","date_gmt":"2018-10-08T17:55:16","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1787"},"modified":"2018-10-08T17:55:16","modified_gmt":"2018-10-08T17:55:16","slug":"high-vix-all-loaded-up","status":"publish","type":"post","link":"http:\/\/www.travelsandtrades.com\/?p=1787","title":{"rendered":"High VIX &#8211; All loaded up"},"content":{"rendered":"<p>I pretty much reached the end of my risk tolerance in adding new trades. I have loads of HS3 and STTs on and I have all the shorts I&#8217;m allowed to have re the factory. Not much I can do now but wait for things to form on the factory side. All my HS3 and STT are POS UEL so I doubt I have much adjustments to even consider there. Should be a relatively easy few weeks re time spent on trading. A waiting game.<\/p>\n<p>My Mar STT are all drawn down as expected re VIX being at 18 and skew changes. I have 282 total BWBs on total over course of 4 weeks (average of 65 a week) which represents a planned capital 1.25MM. My Jan\/Dec are fairly neutral as I did tons of roll ups, but still have loads of theta in them. They are slightly drawn down from the highs as all the T+0s are falling re volatility.<\/p>\n<p>The shorts I sold last week (Dec expiration) are increasing w vol but also time is a magnet. So it&#8217;s fighting that. A week or two more and should be able to form those. A crash now would kinda suck though \ud83d\ude42 I am actively looking into a rule where I&#8217;d take off. I got a great price on the Jan expiration that I put on end of week.  All in all, will be a really nice start if we bounce at all.<\/p>\n<p>My x4 are hurting a bit. Will probably roll them out tomorrow.  <\/p>\n<p>My Rhino is break-even. Needs a roll too. Looking at that now.<\/p>\n<ul>\nPoker and life <\/ul>\n<p>Getting ready for end of October and the study required, I am doing a 14 day no alcohol thing so I can focus, get as geared up as possible and get this studying done.  Doing a bit of a health blitz which involves no alcohol, doing a regular niacin flush, slamming some vitamins, no carbs, and working out every single day in some form (I am doing a cross fit type class..I don&#8217;t like cross fit or the culture but I am too lazy to figure out an alternative as I go w\/ my wife). I&#8217;ll be playing tennis and then jogging as well. Every day has to include one of these activities.  I am also going to start up the mindfulness activities (meditation via primed mind) and just get to the best spot I can both physically and mentally. I want to make the best run I can at this thing over the course of Oct\/Nov and getting ready for the PSPC in January. <\/p>\n<p>If I can make a dent this year in tournament success, that&#8217;d be cool. I&#8217;d like to break-even with expenses in 2019 but keep having shots at 1MM+ payouts and that elusive final table. <\/p>\n<p>I can&#8217;t get over the hand in the 2017 Bahamas main event. There&#8217;s 56 left out of 800 or so and my stack is above average. Good for probably top 30 and a reasonable shot at the final table. I get dealt AA. I raise, get three bet, I four bet (against the only other stack larger than mine at the table) and he shoves all in. I call with the best hand. His hand is AK. I am 94% favorite here.  This is a massive double up opportunity that all but puts me at the final table.  The blinds were 3\/6k and I&#8217;d have had 720k stack (omg). <\/p>\n<p>Since it&#8217;s an all in situation. They pause everything and call over the poker press, cameras etc..(i never found the video..odd). I stand there for 5 min with all sorts of pros behind me telling me omg you&#8217;re 94% favorite here.  I&#8217;m all but counting the chips. So it&#8217;s really hard to explain but this is like after 4 12 hour days where you&#8217;re concentrating and so emotionally invested&#8230;when I see the flop KKT. I am absolutely decimated. One of the worst feelings I&#8217;ve ever felt and I know that sounds weird. But it was. I didn&#8217;t even collect my cash, I just wandered aimlessly around the Atlantis in a total weird ass state of mind. That was my shot. I hope I get another. Horrible luck for that point in the tournament and for the chips and position I would have been in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I pretty much reached the end of my risk tolerance in adding new trades. I have loads of HS3 and STTs on and I have all the shorts I&#8217;m allowed to have re the factory. Not much I can do now but wait for things to form on the factory side. All my HS3 and &hellip; <a href=\"http:\/\/www.travelsandtrades.com\/?p=1787\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">High VIX &#8211; All loaded up<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[53,1],"tags":[62,36,60,35,33,31,32,63,38,61,59,58],"class_list":["post-1787","post","type-post","status-publish","format-standard","hentry","category-poker","category-trades","tag-black-swan-hedge","tag-broken-wing-butterfly","tag-bsh","tag-bwb-road-trip-trade","tag-rhino-m3","tag-rhino-m3-trade","tag-rhino-trade","tag-ron-bertino","tag-space-trip-trade","tag-space-trip-trade-ron-bertino","tag-stt","tag-sttbsh"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-sP","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1787"}],"version-history":[{"count":2,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1787\/revisions"}],"predecessor-version":[{"id":1789,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1787\/revisions\/1789"}],"wp:attachment":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1787"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}