{"id":1982,"date":"2020-07-27T17:26:07","date_gmt":"2020-07-27T17:26:07","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1982"},"modified":"2020-07-27T17:26:07","modified_gmt":"2020-07-27T17:26:07","slug":"jul-27-2020-august-bwb-fly-trade-update","status":"publish","type":"post","link":"https:\/\/www.travelsandtrades.com\/?p=1982","title":{"rendered":"Jul 27, 2020 &#8211; August BWB\/FLY Trade Update"},"content":{"rendered":"\n<p>We ended Friday at a delta of -900 after adjustments and now sit around -1700. That shows you just how quickly negative delta you get with time even just the weekend. The position is hovering  around 285k P\/L so it&#8217;s seen an increase of 35k over the weekend.  I&#8217;ll have to adjust the upside today and by Thursday this will be done with removals from the structure rather than  additions to it. There is 25 days to expiration and I&#8217;ll aim to remove risks as we go from here until it&#8217;s a benign structure that can be expired.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1110\" height=\"968\" src=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2020\/07\/Snag_1933e443.png?fit=660%2C576\" alt=\"\" class=\"wp-image-1984\" srcset=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2020\/07\/Snag_1933e443.png?w=1110&amp;ssl=1 1110w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2020\/07\/Snag_1933e443.png?resize=300%2C262&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2020\/07\/Snag_1933e443.png?resize=1024%2C893&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2020\/07\/Snag_1933e443.png?resize=768%2C670&amp;ssl=1 768w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We ended Friday at a delta of -900 after adjustments and now sit around -1700. That shows you just how quickly negative delta you get with time even just the weekend. The position is hovering around 285k P\/L so it&#8217;s seen an increase of 35k over the weekend. I&#8217;ll have to adjust the upside today &hellip; <a href=\"https:\/\/www.travelsandtrades.com\/?p=1982\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Jul 27, 2020 &#8211; August BWB\/FLY Trade Update<\/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":[142,62,60,28,29,33,31,32,63,120,61],"class_list":["post-1982","post","type-post","status-publish","format-standard","hentry","category-trades","tag-atm-income-trades","tag-black-swan-hedge","tag-bsh","tag-john-locke-m3","tag-john-locke-rock-trade","tag-rhino-m3","tag-rhino-m3-trade","tag-rhino-trade","tag-ron-bertino","tag-ron-bertino-stt","tag-space-trip-trade-ron-bertino"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-vY","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1982"}],"version-history":[{"count":1,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1982\/revisions"}],"predecessor-version":[{"id":1985,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1982\/revisions\/1985"}],"wp:attachment":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}