What is best way to sell strangle in Banknifty on an intraday basis
Simple
at 9:45 Open Option chain and check In which strike highest OI change in call side and put side
Sell both option with combine SL
Enjoy easy and simple intraday trading strategy
Today 35000CE and 34500PE
More from Jig's Patel
Guys,
Today I am sharing how I will filter out the stock for intraday trade,
This strategy is called "NR21-VWAP" trading,
For filtering the stock I will use NR21 + Inside bar theory (its a very old but popular theory),
Filtering stock used below screener end of the day
(1/n)
Screener
https://t.co/SSPkYEoFMP
You have to do homework at the end of the day, Run the screener and List out the stock in this screener, hardly 3-4 stock in the list,
Next day trading, Just open chart 15 min TF,
Add VWAP and Volume indicator in Chart,
(2/n)
Buy setup:
If stock price move above VWAP and with high volume then trade activated above VWAP,
SL is trade trigger candle Low,
Sell Setup:
price move below VWAP with volume than trade activated.
SL is high of that candle
(3/n)
Volume indicator,
Open the chart and see the volume of last ten to fifteen 15 Min TF candle volume compare with a current candle if the volume is more than triple then our trade is right,
(4/n)
Eg. Yesterday filtered stock attached,
See the example of BERGEPAINT,
Trade activated at 532.27 and SL 527, Closing price 555
Profit booking criteria, I believe in 1:2 RR, if 5 point SL then I will book 10 point profit,
If you Like kindly RETWEET to reach maximum trader,
Today I am sharing how I will filter out the stock for intraday trade,
This strategy is called "NR21-VWAP" trading,
For filtering the stock I will use NR21 + Inside bar theory (its a very old but popular theory),
Filtering stock used below screener end of the day
(1/n)
Screener
https://t.co/SSPkYEoFMP
You have to do homework at the end of the day, Run the screener and List out the stock in this screener, hardly 3-4 stock in the list,
Next day trading, Just open chart 15 min TF,
Add VWAP and Volume indicator in Chart,
(2/n)
Buy setup:
If stock price move above VWAP and with high volume then trade activated above VWAP,
SL is trade trigger candle Low,
Sell Setup:
price move below VWAP with volume than trade activated.
SL is high of that candle
(3/n)
Volume indicator,
Open the chart and see the volume of last ten to fifteen 15 Min TF candle volume compare with a current candle if the volume is more than triple then our trade is right,
(4/n)
Eg. Yesterday filtered stock attached,
See the example of BERGEPAINT,
Trade activated at 532.27 and SL 527, Closing price 555
Profit booking criteria, I believe in 1:2 RR, if 5 point SL then I will book 10 point profit,
If you Like kindly RETWEET to reach maximum trader,
More from Optionslearnings
12 TRADING SETUPS used by professional traders:🧵
Collaborated with @niki_poojary
Here's what you'll learn in this thread:
1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy
Let's dive in ↓
1/ STBT option Selling (Positional Setup):
The setup uses price action to sell options for overnight theta decay.
Check Bank Nifty at 3:15 everyday.
Sell directional credit spreads with capped
@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data
Don't trade till 9:45 Am.
Identify the highest OI on puts and calls.
Check combined premium and put a stop on individual
@jigspatel1988 3/ Open Drive (Intraday)
This is an opening range breakout setup with a few conditions.
To be used when the market opens above yesterday's day high
or Below yesterday's day's
Collaborated with @niki_poojary
Here's what you'll learn in this thread:
1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy
Let's dive in ↓
1/ STBT option Selling (Positional Setup):
The setup uses price action to sell options for overnight theta decay.
Check Bank Nifty at 3:15 everyday.
Sell directional credit spreads with capped
A thread about STBT options selling,
— Jig's Patel (@jigspatel1988) July 17, 2021
The purpose is simple to capture overnight theta decay,
Generally, ppl sell ATM straddle with hedge or sell naked options,
But I am using Today\u2019s price action for selling options in STBT,
(1/n)
@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data
Don't trade till 9:45 Am.
Identify the highest OI on puts and calls.
Check combined premium and put a stop on individual
Thread on
— Jig's Patel (@jigspatel1988) July 4, 2021
"Intraday Banknifty Strangle based on OI data"
(System already shared, today just share few examples)
(1/n)
@jigspatel1988 3/ Open Drive (Intraday)
This is an opening range breakout setup with a few conditions.
To be used when the market opens above yesterday's day high
or Below yesterday's day's
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
All you need to know about Option Buying Setup:
Youtube channel:
https://t.co/Tn5s5tQucn
Telegram Group:
https://t.co/zcMFYLuFUU
1. Option Buying setup video [English]:
https://t.co/oCuI7ryOVS
2. Option Buying setup video [Hindi]:
https://t.co/GEtwvPipih
[1/3] @jitendrajain
3. learn Position Sizing:
https://t.co/mjGwmms21Y
4. overcome late OI signal:
https://t.co/rULPzfNpId
5. Gamma impact
https://t.co/6r9wKx3ewC
6. Risk Management
7. 4 part video on optimisation of various aspect:
a https://t.co/G7FDAm9VEg
b https://t.co/KjkzlbDBeR
c https://t.co/Vcn5icNO9P
d https://t.co/SsggfnwPNZ
8. examples
a https://t.co/S9OB41tNxx
b https://t.co/xZeKvZq3Uo
c https://t.co/mgQVYJu8te
d
Youtube channel:
https://t.co/Tn5s5tQucn
Telegram Group:
https://t.co/zcMFYLuFUU
1. Option Buying setup video [English]:
https://t.co/oCuI7ryOVS
2. Option Buying setup video [Hindi]:
https://t.co/GEtwvPipih
[1/3] @jitendrajain
3. learn Position Sizing:
https://t.co/mjGwmms21Y
4. overcome late OI signal:
https://t.co/rULPzfNpId
5. Gamma impact
https://t.co/6r9wKx3ewC
6. Risk Management
7. 4 part video on optimisation of various aspect:
a https://t.co/G7FDAm9VEg
b https://t.co/KjkzlbDBeR
c https://t.co/Vcn5icNO9P
d https://t.co/SsggfnwPNZ
8. examples
a https://t.co/S9OB41tNxx
b https://t.co/xZeKvZq3Uo
c https://t.co/mgQVYJu8te
d
Some Free videos available on our channel for option leaning:
Subscribe to channel:
https://t.co/pzyd1ju3i9
1. Basics of Option Greeks
https://t.co/zCgZOYfh38
2. Basics of Open Interest [futures]
https://t.co/gBEA7rouxV
3. Option buying full
4. Data Analysis in Excel
https://t.co/yhWjhdbOMG
5. Understand Gamma Risk
https://t.co/DVhOBGPM19
6. Option buying setup - strike selection
https://t.co/mgQVYJu8te
7. Yogeeswar Pal live trading
https://t.co/mtIJU5VYUl
@jitendrajain @yogeeswarpal
Subscribe to channel:
https://t.co/pzyd1ju3i9
1. Basics of Option Greeks
https://t.co/zCgZOYfh38
2. Basics of Open Interest [futures]
https://t.co/gBEA7rouxV
3. Option buying full
4. Data Analysis in Excel
https://t.co/yhWjhdbOMG
5. Understand Gamma Risk
https://t.co/DVhOBGPM19
6. Option buying setup - strike selection
https://t.co/mgQVYJu8te
7. Yogeeswar Pal live trading
https://t.co/mtIJU5VYUl
@jitendrajain @yogeeswarpal
Let me apply @Bijay_reborn 's strategies in options for some days and then share them.
2 Strategies I liked:
1. Plot ATM week CE/PE charts with VWAP & OI Change. Buy when prices move past VWAP while OI starts to move down.
2. Plot ATM Mth CE/ PE with AVWAP. If above, buy wk CE/PE
2 Strategies I liked:
1. Plot ATM week CE/PE charts with VWAP & OI Change. Buy when prices move past VWAP while OI starts to move down.
2. Plot ATM Mth CE/ PE with AVWAP. If above, buy wk CE/PE
master can you give few key points in english. Saw the entire video with subtitles but did not understand.
— bala (@BalaThink) March 13, 2022
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