BC ALL
Saved by @imjoyanta

Catch me if you can @Mitesh_Engr

Time for a🧵
Mitesh Sir's EXPIRY Option Selling 101:
• What to look for?
• Strike Selection & Ratios
• SL mgmt
• Avoiding freezes
• Monthy Expiry
• Event days
• How he would have traded last expiry?

In collaboration with @AdityaTodmal

 Edward de Bono says intelligence is like a🚗 Automobile

“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”
What @Mitesh_Engr Sir looks at for Expiry Trading:

• Technicals of BNF
• Individual Heavyweight stocks of BNF
• Support/Resistance of BNF on weekly TF
• Also has Superb SL management
• When it comes to adjustments, he is always on toes
How to Select Strikes to Sell?

• You can't sell based on premium
• Follow only trend
• Price action is best to sell on expiry day
• Never wait for the options to go to zero
Using Ratios to Sell:

• If BNF is in a range then strangles
• If breakout/ breakdown from a range then directional
• Selling 70/30 or 80/20 ratios
• 2 examples on how he used ratios
Stop Loss Management:

Logical explanation given by @Mitesh_Engr Sir on how to manage stop losses

• SL shouldn't hit easily given the spikes on expiry day
• High probability of success
• Don't lose huge in a violent move
Excellent explanation on how to avoid an option freeze on an expiry day:

• Keep Stop loss below range
• Exit when hit
• Re-enter when index enters range
Conviction:

• Ability to take re-entry multiple times
• High premiums
• Limited qty
• High profit
• Don't sell Rs. 1-3 options
• Sell higher premiums and book them at Rs. 2-5

Have added an example of how he had conviction on a particular expiry day
Monthly Expiry:

• Never assume option writers will defend their positions
• They are already expired
• Play according to day trend
• No prediction
How to play expiry if knitted with Events:

• No expiry view ahead of the event
• Take decision post the event
• Look at price action to see where chances are based on certain levels
• Risk would lower as we've avoided the volatility
What @Mitesh_Engr Sir has to say on low premium selling on expiry day: 👇

• Sell lower premiums high probability
• Repeat multiple times
• Lose heavy one time
• Risk reward is unfavorable
• Classic case of eating like a chicken & shitting like an elephant
How to play last Thursday's Expiry? (15th July 2021)

• Daily chart shows ready for breakout
• Derived supports on hourly charts
Through explanation as to how @Mitesh_Engr Sir plays intraday on expiry

A detailed explanation on last Thursday's Expiry given below:

Please go through it to absorb better
Put option charts of last Thursday

• All Puts trading below ATP
• All strikes were supports or below it
Call Option charts of last Thursday

• Trading below ATP after 13:00 hours
• 36000 was a resistance
• Calls above it expected to be zero
This was a thread on how @Mitesh_Engr Sir trades on expiry day.

@niki_poojary and @AdityaTodmal will be collaborating to make more such interesting threads on how Mitesh Sir trades

Keep an 👀 out for those threads

Happy learning weekend to everyone!🤠
If you have missed out on how @Mitesh_Engr Sir trades Positional Option selling

You can check the same here 👇
https://t.co/Bz4Vt8u4lX

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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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Like & Retweet for Maximum Reach.

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#banknifty

This range shift concept can be applied in any timeframe,
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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Be more curious.

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I have no clue, that is only something that you can decide for yourself.

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Plenty..

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You ever made a mistake around someone, only for them to hold it over your head?

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Big companies can take months/years for even the smallest of pivots.

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