A Thread on Discretionary Option trading:
Intraday options selling style
Instrument is Nifty.
I am using following indicator on Nifty fut. chart for finding the market trend as well behavior
Exp. Moving avg (5 & 20)
RSI(14) set upband-60 lower band-40
I am also mark in chart PDL,PDH and PDC.
Also observing the reversal price action in chart for trend change, Only reversal PA
Along with indicator I am also use the OI data for strike selection
After 9:20 AM I will start trading based on setup.
1.If market in PDR and Mov. Avg & ST is flat and RSI in range of 40-60 Than I will sell strangle where Highest cumulative OI in nifty.
3.Let’s assume that Market open gap up above PDR and at 9:30 is above PDH than
5.Moving avg. ST and VWAP generally used for additional confirmation and trend as well Stoploss of naked options. VWAP I used for pyramiding also.
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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’s price action for selling options in STBT,
Its work on both index (Nifty, BNF) as well some standard stock but i used only for Index on every day and Last 10 days monthly expiry i do in stocks only specific,
It’s purely STBT type’s trade sell today and buy tomorrow kind,
Let’s start the strategy,
Every day at 3:15 PM, Open Nifty or BNF chart in daily TF.
See the last candle formation only; we take trade always based on the last candle formation
If Red Bearish candle formation, Mark the high and low of that candle
High 35979, Low 35667. (16th July)
Based on this candle we simply sell credit call spared (Sell 36000 CE and Buy 36300CE) you can make the difference between two calls 300 or 400 as per your risk,
Bullish strong candle
High 35238 and low 34922 (5th July) (Refer the image)
Based on this candle we sell credit put spread (Sell 34900 Put and buy 34600 put)
(System trading on Expiry)
Triple straddle is one of the best and accurate methods for expiry day
If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.
Sell straddle 15700(ATM), 15650(ATM-50), 15750 (ATM+50)
Stoploss of 80% on every leg and run your trade till 3 PM
Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)
Trading timing at 9:20 the Morning
Short straddle is non-directional strategy
Selling same strike price CALL/PUT option same underlying with same expiry.
Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.
*RETWEET for max response
Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.
Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.
You can sell straddle as per your market view.
If you are natural view sell CE and PE at ATM strike.
Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.
In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%
If market staying near at 14350 then win. Probability increase slowly. Rewards also increase slowly.
Volatility(IV) is also play important role in selling straddle, Like If IV increase so straddle premium increase and IV cool off so premium casually comes down.
Short straddle adjustment:
https://t.co/59Lr64kEtK way to limit the overnight risk.
Convert short straddle in Ironfly, its nothing we have to add long strangle in short straddle it become Ironfly. It gives the good Risk Rewards.
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and led the devotees ultimately to SriVidyas. She is also called Panchami). With Kurukalla, she is accorded the parental status to Sri-Chakra (Lalita Tripura-Sundari). While Kurukalla represents the full moon, Vaarahi represents the new-moon. 4/4
Jai Maa Varahi 🙏
Tag for 📷 credit
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It is very well known that Babur considered Krishna Dev Raya as the strongest ruler of the entire subcontinent, and Vijayanagar empire the strongest during that time in India.
The Vijayanagar empire reached its peak during 1509-1529 around the reign of Krishna Dev Raya.
Vijayanagar’s famed elephant brigade 👇
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A typical Vijayanagar levie soldier 👇
During Baburs invasion, Krishna Dev Raya ruled supreme in all of deccan.
In fact, in an all our brawl, Krisha Dev Raya will beat Babur fair and square.
Babur could muster at max 50000 troops with 50 canons.
While Krishna Dev Raya had these numbers in Hampi alone
Pangolins, September 2019 and PLA are the key to this mystery
Meet Yang Ruifu, CCP's biological weapons expert https://t.co/JjB9TLEO95 via @Gnews202064— Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193 (@BillyBostickson) October 11, 2020
Interesting expose of China's top bioweapons expert who oversaw fake pangolin research
Paper 1: https://t.co/TrXESKLYmJ
2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!
3. Yigang Tong
4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
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12 Rules for Professional Positional Traders:
Collaborated with @niki_poojary
"Trade with a stop loss of 2% on your capital for the week."
If you're losing more than 2%, chances are your reading of the market is wrong. The best would be to call it quits for that week.
" Don't trade in the first 10 mins of any day"
Every day, there is far too much noise in the first few minutes. Positional traders should avoid some time in order to avoid being butchered right away.
" Wait for candle closings in your timeframe"
Beware of wicks. They are buyer/seller traps. Rather wait for a good candle to close above your support/resistance to open/close a trade.
" Don't lose more than 10% of your capital in a big gap"
The day I experienced the greatest Mtm loss to my capital was February 24. The figure was -47 lakhs. It was around 10% of my capital. Losing much more would set me back several months.
Sharing these 6 Important Dow Theory lessons for free which is sold as a ₹40,000 course.
⬇️ A Thread 🧵
It is a technical framework which explains markets movements based on certain rules called the Tenets of dow theory
The 6 tenets are listed below: 👇
1. 3 TREND MARKET
a) Primary trends
• Main movements in the market
• Time frame is large (1yr or greater)
b) Secondary trends
• These trends are corrections in the primary trend
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• Timeframe is small (few weeks to few months)
c) Minor trends
• Smallest and most insignificant trends
• Smallest time frame ( few hours to few days)
2. MARKET DISCOUNTS EVERYTHING
This tenet is essentially made around the fact that the price of a stock incorporates all the information (any events, results, ratios, earning potential, etc.) about the stock.
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