{"id":911,"date":"2015-09-25T18:06:09","date_gmt":"2015-09-25T18:06:09","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=911"},"modified":"2015-09-25T18:06:09","modified_gmt":"2015-09-25T18:06:09","slug":"sep-25-m3-trade","status":"publish","type":"post","link":"http:\/\/www.travelsandtrades.com\/?p=911","title":{"rendered":"Sep 25- M3 Trade"},"content":{"rendered":"<p>No adjustments needed today. We&#8217;re slightly delta negative which is where I&#8217;d like to be as it gives cushion in a market fall re increased volatility. Since we&#8217;re a vega negative trade, any increased volatility hurts the trade. We&#8217;ll adjust on the upside once delta reaches -500 within the tent and -350 or so outside of the tent. As the market goes up, volatility tends to drop, and this will cause a sag in the T+0 line on the right hand side of the graph. We want to monitor this and usually we&#8217;ll add put credit spreads ATM to address and eventually, if it sits for a few days outside of the tent to the upside, we&#8217;ll roll the butterflies forward.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2015\/09\/Screen-Shot-2015-09-25-at-12.53.31-PM.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2015\/09\/Screen-Shot-2015-09-25-at-12.53.31-PM.png?resize=660%2C517\" alt=\"Screen Shot 2015-09-25 at 12.53.31 PM\" width=\"660\" height=\"517\" class=\"aligncenter size-full wp-image-912\" srcset=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2015\/09\/Screen-Shot-2015-09-25-at-12.53.31-PM.png?w=1267 1267w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2015\/09\/Screen-Shot-2015-09-25-at-12.53.31-PM.png?resize=300%2C235 300w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2015\/09\/Screen-Shot-2015-09-25-at-12.53.31-PM.png?resize=1024%2C803 1024w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No adjustments needed today. We&#8217;re slightly delta negative which is where I&#8217;d like to be as it gives cushion in a market fall re increased volatility. Since we&#8217;re a vega negative trade, any increased volatility hurts the trade. We&#8217;ll adjust on the upside once delta reaches -500 within the tent and -350 or so outside &hellip; <a href=\"http:\/\/www.travelsandtrades.com\/?p=911\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Sep 25- M3 Trade<\/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_post_was_ever_published":false,"_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}},"categories":[1],"tags":[28,29,27,25],"class_list":["post-911","post","type-post","status-publish","format-standard","hentry","category-trades","tag-john-locke-m3","tag-john-locke-rock-trade","tag-john-locke-trades","tag-m3"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-eH","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/911","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=911"}],"version-history":[{"count":1,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/911\/revisions"}],"predecessor-version":[{"id":913,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/911\/revisions\/913"}],"wp:attachment":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}