We exercised the 1.1820 Call vs our net short at 1.18945

Net Gain 94.5 tics / Cost of Strangle

Gross Gain in % 94.5/53.5 = 176% on Capital at Risk

Filled on our offer at 1.1905 (3:38 AM PST)

rolled out to the del date at 1.19066

New Orders

Buy Back the full hedge at 1.1820

Change Delta Hedge order (we are lowering our offer)

New Orders

Sell balance of upside delta at 1.1905

Buy back 50% of Hedge at 1.1796

First Delta Hedge

Filled at 1.1880 at 23:34 PM PST April 6th

rolled to del date at 1.18825

New Orders

Sell balance of upside delta at 1.1930

Buy back 50% of Hedge at 1.1796

Spot Ref 1.1757

Two Week Expiry 2021 - 04 -19 (14Days)

Buy Two Week EUR Stangle

1.1820 EUR Call

1.1700 EUR Put both approx 30 delta

Strikes 1.1820 & 1.1700

Total Cost in tics USD 53.8 tics

Initial Delta Hedge Orders

Sell 50% of the hedge at 1.1880

Sell 50 % of the hedge at 1.1930

Buy 50% of the hedge at 1.1705

Buy 50% of the hedge at 1.1615

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