The optics are beautifully sharp at virtually all aperture settings. This is an L-series lens, featuring the coveted red ring around the barrel, so users will expect great things from the internal elements. The lens features a control ring forward of the focus ring, enabling custom features to be controlled from the barrel (Image credit: Peter Fenech) (opens in new tab) Canon RF 14-35mm f/4L IS USM: Performance And like all L-series lenses, this is of course weather-sealed. It’s also perfectly balanced on the Canon EOS R (opens in new tab) and Canon EOS R5 (opens in new tab). The lens does extend when zoomed (the barrel is at its shortest length around the 22mm mark), but it’s minimal and the zoom control is smooth. When you consider the focal length, stabilization and all the other features built into the lens, it's really impressive that Canon has been able to keep the weight and dimensions down to this degree. The lens is ideal for travel – armed with this and a superzoom, like the brilliant Canon RF 24-240mm f/4-6.3 IS USM (opens in new tab), you can shoot almost anything with a nearly empty kitbag. Furthermore this model has a distinct advantage: being an f/4 lens, rather than f/2.8, the weight savings are even more pronounced. The Canon RF 14-35mm f/4L suffers from this, too, but we can't really lodge it as a criticism, since it is the trend for almost all new mirrorless lenses. This doesn't affect the structural performance of the lenses, necessarily, but does strip away some of that confidence that your high-priced lens is built like a tank. While this is certainly appealing in some respects, it has meant dispensing with the all-metal build and substituting this with high-impact plastic. With Canon's L-series RF glass, however (and Nikon's S-branded pro Z-mount models), the focus has been far more on keeping weight down. Top-flight lenses used to have a truly solid feel, being crafted largely from metal, and almost always focused and zoomed internally. In many respects they are the pinnacle of high-end optical design, often outperforming their DLSR equivalents, but one area in which the manufacturers seem undecided is the build and handling experience. Today's pro mirrorless lenses are a bit of a contradiction. Weight: 540g Canon RF 14-35mm f/4L IS USM: Build and handling Stabilization: 5.5 stops (up to 7 stops with stabilized body)Įlements/construction: 16 elements in 12 groups Canon RF 14-35mm f/4L IS USM (Black) at Amazon for $1,399 (opens in new tab)Ĭanon RF 14-35mm f/4L IS USM: Specifications.*For those who prefer a silent control ring during photography or video recording, the clicking sensation and sound of the control ring can be removed at Canon authorised service centre (chargeable). The control ring has a tactile, easily distinguished surface and features a clicking mechanism that provides tangible feedback during adjustment. RF35mm f/1.8 MACRO IS STM features an additional control ring on the barrel that could be customised to control exposure settings shutter speed, aperture, ISO and exposure compensation, effectively providing better control especially while shooting through the Electronic View Finder. The image stabilisation of up to 5-stops, makes slower shutter speed and lower ISO possible for both stills and video. Having a large aperture of f/1.8, allows good low-light capability. Coupled with its wide angle of 35mm and maximum magnification of 0.5x, this lens is suitable for everyday snapshots and macro photography. Endowed with a lightweight and compact body, RF35mm f/1.8 MACRO IS STM is amazingly portable.
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This is pure and simple slamming death metal. Don’t go into this expecting much nuance. Their live energy matches the precision and technicality of the music, acting as a potent shot of pure adrenaline. I caught Excrescence opening for long-time death metal veterans Internal Bleeding and Jungle Rot last year and they stole the entire show, hands down. The inside CD booklet reads “no fucking vocal effects were used on this recording.” Lead singer Matt Bailey went full-on Exorcist mode on this and it’s the perfect layer on top of a soundscape of pure unfiltered brutality. Forget the old standby comparison of “cookie monster” vocals, these are full-on toilet bowl vocals-gurgling, full-throated, and raw. Unrelenting blasts of full-throttle drums accompany bludgeoning guitar riffs and vocals that could be mistaken as the voice of Satan himself. To the untrained ear, the ten tracks on Excrescence’s debut full-length album Inescapable Anatomical Deterioration likely sound like straight-up audio diarrhea. Heads up: if you take the opportunity to catch them in person, make sure you stay out of the way of flailing limbs and projectile guitars.Įxcrescence | Inescapable Anatomical Deterioration by New Standard Elite Fast forward a little under a year and this random assembly of newfound friends came together to release a six-song EP full of swagger and a whole lot of fun. In an effort to release some of that all-too-familiar pandemic anger and frustration into a new abrasive music project, Wilson placed ads on Craigslist and Facebook. In a recent radio interview, guitarist Aaron Wilson broke down the origin story to me. Judging by the comfort these noise rock newcomers display during their wildly self-destructive and unhinged live shows, you would never know that prior to 2021, the members of Fake Hands had never even met. It would be damn near impossible to highlight every single excellent local band making a ruckus, so, for now, here are just a few to get you started down your path of ear-drum destruction. Instead, let's shine a spotlight on the noise being made right now by artists who are meeting the challenge of shuttering venues and skyrocketing rent.Įvery week it seems like a new demo from an upstart Northwest hardcore, punk, or metal band pops up on my Bandcamp feed. There are a dozen or so books, podcasts, and documentaries dissecting the value and significance of the Seattle scene through the past few decades, most of which focus their attention on the G word. From polished but potent heavy metal acts like Metal Church and Queensrÿche that made their mark in the early '80s to the more abrasive underground artists like the Accüsed, the Melvins, and, later, Botch and the Blood Brothers, this region has a rich history of inspiring many influential riff masters.īut don’t get me wrong, this isn’t a nostalgia piece. The Northwest has a strong track record of producing game-changing heavy music. The rise of podcasts - designed to be listened to alone, in interstitial moments - has forged new aural pathways, and carved out its own aesthetic category: the “podcast voice,” that wry, stammering, cool-nerd cadence. Internet culture is often described as hyper-visual, but it has also cracked open new relationships to sound. Then I flew to Toronto to hear her in person. Fans call Levitt’s voice “marvelous,” “hypnotic” and “somehow magic.” One user said that her voice “has helped heal my brain.” If Levitt recorded commercial voice-overs, another wrote, “I’d probably end up buying three insurance policies and a Snuggie before snapping out of it.”Ī couple of months ago, I wrote to Levitt and told her I wanted to learn more about how she spoke so intimately to millions of people at once. I read the awed user comments that unspooled beneath Calm’s YouTube page and percolated across social media. I Googled her and clicked through photos of her smiling easily on a rocky beach, her hair tousled in the wind. There are sessions specifically designed to speak into your ear as you’re walking down the street. Her voice can guide a person through depression, loneliness, eating and commuting. As I explored the app further, I discovered that she had written and recorded hundreds of meditations. One night, as I prepared to start the recording, I noticed her name. She speaks to me past the point that I am even aware that I am hearing anything. Hers is the last voice that I hear before I go to sleep. Ours is a strangely intimate relationship. But soon I began to wonder who was whispering into my brain every night. The whole point of the recording was for me to focus on the voice - not on the meta implications of enlisting my smartphone to spark a parasocial relationship with a stranger whom I now require to fulfill a core human need. Sometimes she pauses for long stretches at a time, and that is wonderful, too.įor several weeks, I tapped into Calm at night without thinking much about what I was doing. Her “ands” are so subdued that they are nearly implied. Her words are crisp and clear, but they are softened, almost slurred around the edges, as if she is delicately easing me into each sentence and then releasing me back into silence. It sounds like she is smiling as she speaks. I don’t need some man telling me what to do. The voice in the phone is a woman’s, which I like. My phone speaks to me for 20 minutes, and then it plays nature songs for a very long time. Now, every night, I crawl into bed and scroll aimlessly through my phone in the dark until I have exhausted all of its mindless distractions - email, Instagram, a virtual wooden-block puzzle. It would do this by, essentially, programming my phone to lull me into unconsciousness. Please contact us here if you have any further trouble playing your Scene sounds.Last year, during a stretch of anxious nights, I stumbled upon an app that offered to help me fall into a deep and restful sleep. You can then go back to the home screen of the app and swipe left or right to change your current Scene. To switch Scenes, scroll through the options provided and tap any that you would like to download. There are two silent Scenes available on the Calm app: Silent Earth and Silent Clouds.
Many other tools and sites enhance the experience of downloading custom songs, but this site is where they are stored. This pulls maps directly from BeatSaver open in new window # BeatSaverīeatSaver open in new window is the master repository of custom songs made by the community. The BeatSaver Downloader mod allows you to download maps in-game using the MORE SONGS menu button on the MODS menu screen. This folder is located in your game install: Beat Saber/Beat Saber_Data/CustomLevels # In-game Downloader It is a good idea to backup your CustomLevels folder periodically as there is a small chance it will be reset if the game updates! Get it on affederaffe's GitHub open in new window It strives to look more visually appealing and support both Windows and Linux, while still being as feature-rich as ModAssistant. Yet another mod installer for Beat Saber, heavily inspired by ModAssistant. Run the game at least once before trying to mod the game! This applies to reinstalling your game too.Ī simple Beat Saber Mod Installer similar to the mod manager, but with additional features such as mod removal and version checking! Get it on Assistant's GitHub open in new window THIS IS CURRENTLY THE RECOMMENDED MOD INSTALLER. Instead, you should follow the written guides here on the wiki or seek out help in the BSMG Discord open in new window. Often, we find they are outdated or contain a incomplete, erroneous, or straight up incorrect information. We at BSMG strongly suggest against using video tutorials for modding. I watched a video tutorial on YouTube, but I got stuck/it didn't work. Is there anyone else near where you are in Ireland? It's working pretty well, we're open to remote positions and in my team specifically and we have several people there that are working in different locations. : You’re based in Dublin but do you get to Sybo HQ much?Įoin O'Doughty: Originally, I travelled roughly every two or three weeks but then Covid hit, which reformed how that works. To celebrate the win we caught up with Sybo game director Eoin O’Doherty to discuss his history with the popular IP (which celebrates its birthday this week) and find out what's coming up and why the game continues to captivate. One of those games was Subway Surfers Tag from Sybo, the latest hit in the popular and enduring Subway Surfers franchise. At the same time, the team has been quietly polishing the new version of the game since November 2019.Last month at our Mobile Game Awards we crowned not one but two games with the award for game of the year. Now the original version of Subway Surfers continues to generate installs and revenues, with updates and new events still coming out. Given that Train Riders has an average score of 2.8, and players complain about problems with bugs and performance, releasing it separately was a good call. Train Riders All this fuss with an update, was it really necessary? Third one is a new interface and, possibly, a new version of the engine. The second one is Season Hunt, the game’s equivalent of the Fortnite Battle Pass. The first one is the freedom to travel around the world to different cities. It is an exact copy of the existing Subway Surfers with three key innovations introduced. So the team is testing a new large-scale update as a separate game called Train Riders. Since the release of Subway Surfers, neither company has produced anything even approaching the success of their main hit. Perhaps neither they nor their publishing partners from Kiloo fully understand the reason for the title’s success. Traditional events, regular updates, two currencies and video ads are not enough to maximize profits.Īt the same time, the developers are afraid to dramatically change the game, potentially scaring off the existing audience. Today, at the meta level, mobile games no longer work with users the way they used to. Subway Surfers IAP revenues by month ( AppMagic) Major updateĭespite continued success, it’s about time for some changes. Its IAP revenue is about $ 500 thousand per month. However, given the large install base and the MAU of 100 million, SYBO Games also makes decent enough money from IAPs. In January it can be snowy Moscow, and in February, for example, Paris. The main feature of the game is in the monthly updates of the setting. The player still runs along the railroad tracks, collecting in-game gold to buy skins and spends real-world money on flying boards. Both core gameplay and meta are still the same. It’s just that over all this time, the game has not changed a lot. Even eight years after the release, Subway Surfers ranks among top 10 most downloaded mobile games every month. According to App Annie, the title is the most downloaded game of the decade.Īnd it’s not just lifetime downloads that make the game phenomenal. Since then, its global downloads have reached a whopping 2.5 billion. The original Subway Surfers was released in May 2012. Removed the fused-on clothing that is applied to the player by default. This Slime Rancher mod adds gold largos for every type of slime in the game. This allows you to retain the ability to see your equipped armor and change the color values of the player (eyes, hair, etc), whilst also gaining an entirely different appearance. MrPlague's Authentic Races aims to add playable Races in a similar fashion to Starbound or Dungeons & Dragons.Įach Race directly changes the Player's appearance and stats, editing the Player's sprites themselves rather than just adding a "costume" onto them. Removed not finished bow I accidently left in The Black and white monster only spawns in the underworld(Hell). Added the german Town NPC, spawns after King Slime is defeated Added the "Black and White" hostile NPC, spawns in the underground Added the "Party Zombie" The Party zombie spawns at night with a 0.58% chance Added a bow called "EcoBow", can be bought from the Archer Resprited the moon bow and mechanical bow IMPORT-on-some-special-symbols.patch 0034-Grammatical-modifications.patch. Added the Archer(Town NPC) Spawns after king slime is defeated Internal eye bleeding causes, Wazapp 0.2.6 n9 beta descargar, Edjay. Added "Blossom Bow" The Blossom Bow shoots Homing petal arrows Husky 455 rancher, Izlazne jedinice racunara su, Francisca pageo casanova. Mechanical bow now has got a custom porjectile Moon Bow now shoots a custom projectile with any arrow Moon Bow now deals 1200 damage instead of 734 Changed the description of "The Galaxy of special thanks" Changed the drop chanches of "Infinite flight matter" to 50% Bug fixes, The Cthulu bow now consumes ammo *This mod is associated with the Universe of Swords mod by gnom.* The Game Versions page serves to document all of the official update logs of Slime Rancher, published by Monomi Park on their forum and on their blog. Pearlwood armor significantly buffed, gives increased life regen, max health, and max mana All of the weapon buffs above will not override any changes Calamity will make Starfury, Flintlock, Brand of the Inferno, Flying Dragon, Phantom Phoenix, and Muramasa buffed Chlorophyte swords, shotbow, axe, hammer, drill, and pickaxe buffed Pre-Hardmode metal swords have their damage and size increased, with Gold and Platinum broadswords as well as all shortswords given auto-swing Hardmode metal axes have their damage doubled Hardmode metal repeaters and the Hallowed Repeater have their damage increased by 25% Vanilla gear buffs can be toggled with the config. Some content will be carried over.Īdds a bunch of new weapons to supplement progression as well as some buffs to vanilla gear. Because of this, mods are a great way to spice up the game, so here are 10 of the best mods for Slime Rancher. Note: I will likely stop updating this mod to work on a similar but new project. Reduced buy prices of Lewis Gun, SMG, and Tankgewehr. Increased total defence of Pearlwood Armor to 26, movement speed bonus to 20% Adjusted drop chances of M1919 Shorty and SCAR. Adjusted sell prices of a lot of items. Adjusted vanilla buffs as to not override any changes Calamity makes. Added a config option to enable or disable the vanilla buffs. Will get new sprites for them soon, spriter needs to finish themįixed not being able to craft weapons such asĪlso made it so that you can craft these guns nowįixed all 115 drop bugs and issues, such as They do just become invisible when you click it, will try to found out why soon and patch thatĪll 4 of them drop from the moon lord, they have about 2.5x more of a chance to drop then 115, and they also drop from the boss bag They can be equiped or just used like a normal music box What if i make this a mod, and then i well did, but i also am cus im not done, enjoy :) Galactic Bundle DLC & Wiggly Wonderland 2018īelow are the update logs for the game while it was in Early Access, prior to official release.This mod is being made, bye me (snipeparpar/owner/coder/spriter) and xavierhax/leechyhax (spriter)ĬOD zombies, a great game that i played as a kid and still play till this day, was play some terraria made a texture pack based on COD zombies, and started to think Unless otherwise specified, these versions are universal across all platforms, including the Console Editions. The following list documents the latest updates, until official release. Note that the Console Editions usually get updated after the PC edition.įor changelogs before Update 0.2.0, check out this blog post. If the game is hosted on a platform such as Steam, Xbox One, and Playstation 4 it will update when a new update is ready to be released. Note that the standalone version of the game does not have an update system, so new updates will have to be re-downloaded manually. The Game Versions page serves to document all of the official update logs of Slime Rancher, published by Monomi Park on their forum and on their blog. Charles Dickens would join in the smear campaign, writing on Dec. Lady Franklin would launch a smear campaign against him for suggesting that Englishmen could do something like that and for listening to the Inuit. These included several silver forks and spoons that belonged to Franklin and his officers.įor Rae, the stories of cannibalism would dog his career for the rest of his life. In addition, Rae was shown several objects that were identified as belonging to Franklin and his crew. They told Rae that they had found bones that were broken apart. Rae would continue to speak with other Inuit and they confirmed the story of the starving sailors, and also provided the first evidence of cannibalism among the sailors. The Inuk would tell him that a party of 35-40 white men had died of starvation at the mouth of the Back River. In 1854, John Rae, who was surveying the Boothia Peninsula for the Hudson’s Bay Company, would meet with an Inuk on April 21, 1854. Prior to this, there are stories of seeing men on the Erebus prior to its sinking. That doesn’t mean it didn’t happen, the encounters could have just been omitted from the records at the time they were recorded.Īccording to oral histories and information gathered by explorers looking for the Franklin Expedition, several Inuit boarded an abandoned ship in 1850, which had been icebound off King William Island for some time. The Victory Point Record states that the ships were deserted on Apbut it doesn’t mention any Inuit, nor are there any mentioning of Inuit in the ship logs. It is not known if the Inuit encountered the doomed crew and ships prior to the abandonment of the ships. The Inuit would play a vital role in learning what happened, as they were the last ones to ever interact with the doomed crew members. Through these searches, thousands of kilometres of coastline would be mapped, and the story of what happened would slowly emerge. Lady Franklin would press the British Admiralty to launch a search for the expeditions in 1848, and these searches would continue for decades. Over the next 400 kilometre march across the Arctic, the remaining men died, never even coming within a few hundred kilometres of the nearest Canadian outpost. By this point, nine officers and 15 men had died. On April 22, 1848, almost three years after they first set off, the remaining crew abandoned the ships and began walking across the sea ice towards the Canadian mainland. The crew would winter the next two years at the island, as various members, including Franklin himself, passed away. Spending the 1845-46 winter trapped in the ice off Beechey Island, the ice would thaw in the summer of 1846, but only two months later both ships were trapped in the ice once again off King William Island. After encountering the Prince of Wales and Enterprise whaling ships in July 1845, the crew of the ships were never heard from again. Setting sail from Kent, England in the morning of May 19, 1845, the 24 officers and 110 men on the two ships had no idea that none of them would ever see England again, except for five men who were discharged in Greenland after becoming sick. Not only did they interact with the doomed sailors and helped other explorers in their search for the crew, but even in the 21 st century they helped locate the ships beneath the waves.įirst, a bit of a refresher on the Franklin Expedition. Last year, I was on This Is A Disaster Podcast to talk about the Franklin Expedition, but today on the podcast I wanted to talk not about the disaster itself, but the Inuit and their role in the investigation of the disaster. While we know a great deal about the fate of the crew and ships, having not only found the ships but the graves of many of the crew. For over 150 years, it has captivated Canadians as we strive to learn what happened to the men of the Erebus and Terror. The loss of the Franklin Expedition is one of the most famous events in Canadian history. Net Nanny has changed things with its app management, removing apps as a primary category on the parent app and web portal. You'll need to be sure to go to the settings menu and toggle Net Nanny's location privileges to "always" if you want its location tracking to work. Recent versions of both Android and iOS don't let you grant permanent location privileges to an app during installation. The process on Android is quite similar with the app walking you through the process of granting the necessary permissions and approving device management. On iOS, you will be installing a Mobile Device Management profile on the child's device to enable Net Nanny's full functionality as well as granting the app of permissions. The profile just consists of the child's name, age and gender. This will involve downloading the relevant app from that device's app store and then creating a profile for the child. Net Nanny has an install page on its website that will walk you through the entire process if you navigate to it from the child's device. The first step is to create your account, and then you will move on to the child device(s). Like some other parental-control providers, Net Nanny uses a two-app system to separate out the child app that typically gets downvoted by children in app stores. You can start the process either from the website or from the mobile app. Net Nanny's installation follows a similar pattern to most other parental-control apps. Net Nanny runs on Android, iOS, Windows, macOS, Chrome OS and Kindle Fire. The service is also constantly improving in response to feedback from both users and reviews, a process that I've seen firsthand. Net Nanny offers support across every major platform and delivers equally well on Android and iOS. Its mobile apps and web portal are among the best designed in the industry, and the web filtering is second to none. Given what you get with Net Nanny's premium tier I think it is certainly worth the cost. Only OurPact commands a higher starting price, but that is for unlimited devices, so it's not an apples-to-apples comparison. That's good, as Net Nanny is hovering around the highest-priced parental-control options already. If so, you can pay $39.99 per year for Net Nanny for Windows or macOS, but this plan does not extend to mobile platforms or to multiple devices.Īll these subscription fees are supposedly 30% off regular pricing, but this discount has remained static for years and according to representatives from Net Nanny, there are no planned price increases on the way. The one exception is if you are trying to monitor only a single Windows or Mac desktop or laptop. That costs either $54.99 per year for up to 5 devices or $89.99 per year for up to 20 devices. To use any of the parental controls on your kid(s) device(s) you need to pay for a "Family Protection Pass" subscription. Prepaid Card/Virtual Card valid for up to 6 months unused funds will forfeit after the valid thru date. Virtual Card can be used everywhere Visa debit cards are accepted online or for phone/mail orders. Prepaid Card can be used everywhere Visa debit cards are accepted. Prepaid Card/Virtual Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Rebate paid in the form of a Visa Prepaid Card or Virtual Card. Ask participating retailer for complete details and rebate form. Retain copies of the materials you submit. This promotion is subject to all federal, state, and local laws and regulations. All decisions made by Goodyear (or its authorized representatives) relating to the validity of any submissions are final and binding. Void where taxed, restricted or prohibited by law. Noncomplying rebate submissions will not be honored, acknowledged or returned. Sponsor is not responsible for noncomplying rebate submissions or for lost, late, illegible, postage-due or undeliverable mail. Fraudulent submissions will not be honored and may be prosecuted. For additional questions, or to check the status of your rebate, you may visit or call the Goodyear Rebate Customer Service at 1-88 Monday to Friday between the hours of 9 a.m. Goodyear reserves the right to substitute a check of equal value in lieu of a Visa Prepaid Card at its discretion. Allow 6 to 8 weeks for Visa Prepaid Card/Virtual Card delivery. Online purchases must include copy of the online purchase invoice and the installation invoice from authorized Goodyear retailer. Invoice must have eligible tire name and proof of purchase on Goodyear Credit Card (when applicable) clearly indicated. The Goodyear Credit Card is issued by Citibank, N.A.Ĭompleted rebate forms must be postmarked or submitted online no later than 7/31/22. Base portion of rebate offered by Goodyear, and bonus portion of rebate offered by Citibank, N.A. Get a $25 Visa Prepaid Card with purchase or $50 Visa Prepaid Card with purchase on the Goodyear Credit Card of: Eagle® Sport All-Season (includes ROF+SCT), Assurance® All-Season, Kelly Edge All-Season® and Kelly Edge All-Season® Performance. Get a $50 Visa Prepaid Card with purchase or $100 Visa Prepaid Card with purchase on the Goodyear Credit Card of: Assurance MaxLife®, Eagle® F1 Asym Family (includes ROF+SCT), Wrangler Fortitude HT® (excludes C-Type), and Wrangler® Workhorse® AT. WITH THE PURCHASE OF A SET OF 4 OF THE FOLLOWING TIRES: Get a $75 Visa Prepaid Card with purchase or $150 Visa Prepaid Card with purchase on the Goodyear Credit Card of: Assurance ComfortDrive®, Assurance WeatherReady®, Eagle Exhilarate®, Eagle® F1 SuperCar® 3+3R, Wrangler® AT Adventure w/ Kevlar®. Purchases made on the Goodyear Credit Card are subject to credit approval. The minimum purchase is a set of four tires, and the maximum purchase is six tires per invoice. The prorated rebate amount, per additional tire, is 25% of the rebate amount listed above. If your vehicle requires six tires, rebates are available on a prorated basis for the two additional tires. Commercial fleets are not eligible for these rebates. residents who are individual consumers with mailing addresses in the U.S. Offers available only at authorized participating U.S. Limit four (4) rebates per individual consumer per promotion period. Limit one (1) rebate form per tire purchase, per envelope. Limit one (1) mail-in or online rebate per qualifying purchase, per visit. Mail-in or online rebate for a Goodyear Visa Prepaid Card or Virtual Card valid on purchases made from to. Some evidence also indicates SEC's reforms may have contributed to the runs. For example, prime MMFs-which can invest in all types of short-term debt instruments-held by institutional investors experienced net redemptions of about 30 percent of their total assets in a 2-week period in March 2020 (see figure). If these liquidity levels fell below the minimum, SEC allowed certain MMFs to charge investors a liquidity fee for redeeming shares or to impose a redemption gate to temporarily suspend redemptions.Įvidence indicates that SEC's reforms did not prevent runs during the COVID-19 pandemic. For example, SEC required MMFs to hold minimum levels of liquid assets that they could sell to meet redemptions. One last item: Since this position includes two short option positions, make sure you are approved for this type of trade before trying to place it.īy Michael Thomsett of ThomsettOptions.In 20, the Securities and Exchange Commission (SEC) revised its money market mutual fund (MMF) rules after some MMFs experienced runs (heavy redemptions) during the 2007–2009 financial crisis. Also make sure you have the equity to meet margin requirements, which are equal to 100% of strike value. If you’re going to do short straddles, keep them within sight of expiration and be willing to accept the risks. As long as the market value is within the profitable point range above or below the strike, exercise is still profitable.Įven though these numbers look like the idea can work out, remember the one rule about short combinations: Even when they work on paper and even when they should work in practice, they can also go wrong, expensively and quickly. You are willing to get exercised as long as it nets out to a profit for you. The attractive shorts usually have a correspondingly expensive long, so covering with long options is not the best way out of the straddle.Ħ. You can cover with stock or long options, although that’s an expensive proposition. You also can cover the short call or put if circumstances make it necessary. Ideally, the stock price will not change much, so time decay could make both sides work profitably.ĥ. The forward roll might become inevitable for one side depending on direction of price movement. Or, if intrinsic value moves too quickly, you plan to roll forward (up in strike with the short call or roll down with the short put) and duplicate the strategy. You plan to close both sides once time decay starts to hit. You can also roll out to a later expiration to avoid exercise.Ĥ. A slight move often is offset by declining time value, so even unfavorable moves can be countered with a profitable close. Plan to close positions as soon as possible, especially those moving in the money. Keep an eye on the strike versus current price. Try to limit short straddles to very short-term options, because time decay will be rapid in the final month.ģ. Expiration takes place in one month or less. The best short straddles (a short straddle is selling a call and put on the same underlying, same strike and same expiration) are those that, given the at-the-money or near-the-money conditions, offer overall very rich premium.Ģ. Consider how much risk is reduced in the following circumstances:ġ. Making things even riskier, one side or the other is always in the money.Įven so, the true risk of the short straddle might not be as severe as traders often assume. The short straddle is dangerous because, well for one thing, both sides are short. Even though the short straddle has a reputation for being an extremely risky strategy, the risks are not as bad if you know what you’re doing, says option expert Michael Thomsett of. |