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Saved by @Balajid067

A tool every Option trader should use : @iChartsIndia 🧵

 @iChartsIndia Let's decode why you should use it too and how I help myself.

I use these four features(primarily)

☑️ Option Chain
☑️ Total PE-CE Data
☑️ Option OI breakup
☑️ Strangle Charts(Combined Premium)
@iChartsIndia 1/ Option Chain

Option Chain data is reliable when the trading week begins(i.e Friday). Even, Monday's data is not very accurate as traders are still building their positions.
@iChartsIndia I start giving emphasis to the build-up from Tuesday.

Looking at this week's expiry data(i.e 23rd June 2022),

We can observe

Put writing at 15300, Call writing at 16000
@iChartsIndia 15500 call unwinding has been massive; which is visible by the move on Tuesday(i.e 21st June 2022)

Puts are still more pricey than calls, implying traders have been factoring a down move more than an up-move.
@iChartsIndia 2/ Total PE-CE Data

How I interpret this data and use it to my benefit.

The difference indicates whether there is more put writing or more call writing.

If (PE writing > CE writing)
{
Column Color : Green
}

Else
{
Column Color : Red
}
@iChartsIndia Future Price column color indicates whether the market is above VWAP/below VWAP.
@iChartsIndia If the market is trading above VWAP, color is green.

And if the market trades below VWAP, color is pink.
@iChartsIndia
@iChartsIndia Inference Signals:

If VWAP = Green, Diff = Red : Conflicting Signal(Market can remain rangebound)

If VWAP = Green, Diff = Green : Market is trending up and we can look for long trades

If VWAP = Pink, Diff = Green : Conflicting Signal(Market can remain rangebound)
@iChartsIndia If VWAP = Pink, Diff = Red : Market is trending down and we can look for short trades
@iChartsIndia Total PE-CE Data just helps in finding the direction for the day.
@iChartsIndia 3/ Option OI Breakup
@iChartsIndia This helps in finding out the strike which is experiencing IV spike and one which is continuously making new lows.

If you are trading non-directionally, only way to make money is if you are able to either avoid spikes/ get out with a minor injury.
@iChartsIndia Non-Directional Trader's Nightmare

Low premiums + Market trending down(accelerated move) + Spike in put premiums + Calls not decaying
@iChartsIndia OI breakup has saved me many a times by giving timely exits.
@iChartsIndia 4/ Strangle Charts

Combined premium charts are of great use by just plotting VWAP and 20 EMA.

If you trade non-directionally by shorting options, the chart should be trending down.
@iChartsIndia There are many other amazing features. Will look to cover them sometime later.

Am still exploring the tool.

Thought of sharing it for the benefit of everyone.
@iChartsIndia Read this thread by @AdityaTodmal on iCharts to know more about the platform.

https://t.co/UL259fMIg3
@iChartsIndia @AdityaTodmal For more such threads in future, follow me at @shivang_ran.

Retweet the first tweet to spread it across.

Feedback appreciated.

Happy Trading.

Until next time, bye 👋

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itrade(DJ)
itrade(DJ)
@ITRADE191
Here is the detailed information of about strategy,

Entry time : 9.30 - 10
Exit : Upto you

Strategy :
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle

Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.

Weekly Short straddle + Monthly Long straddle

Adjustment:

• If you feel slightly bullish/bearish then no adjustment needed
• If Nifty moves 50 up or down and sustain then just simply roll up or down half of qnty and keep rest of the quantity. If market goes up or down further then roll up or down rest.

• If Nifty moves one side or about to breach BEP then add equal amount of lot. This can balance tested side. For ex: If I bought 17300 CE 4 lot as hedge then add 4 lot so you will have only one side risk . Note: Remember to keep SL at cost price (only for additional lot bought)

Capital requirement:
2.2 L for 4 lot
Adjustment requires additional capital upto 1L

Note : High risk high reward strategy, please don’t execute until you fully understand. Kindly do paper trading or backtest.
RR : 1:1
POP : 45-55%
OPTIONSLEARNINGS , ALL
Anu Satheesh
Anu Satheesh
@AnuSatheesh5
Thrikkangode Sree Randu Moorthy Temple
Ottappalam, Kerala. 🚩
#keralatemples

This is very unique temple as Shiva and Vishnu both are in the “linga” form in the same Garbhagriham. The Srikovil is in a circular pattern. Temple's Prathishta was done by Parasurama.


Mahadeva and Maha Vishnu in the same Srikovil is very rare Prathishta, but poojas are done separately Dhara is done to Maha Vishnu here. People suffering from “KAIVISHAM” and mental illness are fully cured on drinking a medicinal herb supplied by a nearby family here.


The root of the banyan tree around the Ayyappa Sannidhanam is said to have great powers for skin ailments.

Very ancient temple but was covered with forest for many years.
Later two persons Chakki and Chaathan, while cutting trees their axe hit on the nearby
@SriramKannan77


Vigrahams and it suddenly started bleeding. Later Devaprashnam was held and thus found out that these were murthy's of Shiva and Vishnu which was worshipped long back. And thus temple is constructed here.
Om Namah Sivaye
Om Namo Narayanaya
🕉🙏🕉
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold
OPTIONSLEARNINGS , ALL , OPTIONS STRATEGY
Angela Jamison
Angela Jamison
@AnJamison
@ferrisjabr @buzz_chronicles @buzz\_chronicles @buzz_chronicles save as category @pdfmakerapp grab @pdfmakerapp grab this @readwiseio save @readwiseio save thread @threader compile summarize @Threadreaderapp unroll please @ttttreads unroll @unrollthread.com @SaveToBookmarks
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Save To Bookmarks \uea00
Save To Bookmarks ...
@SaveToBookmarks
@buzz_chronicles @AchuthArora @FitFounder @rattibha Cool!

I saved this tweet for you.

To access and manage your bookmarks, join up at savetobookmarks .com.
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This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/


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The shrine is dedicated to Sri Vishnu along with Devi Lakshmi and Bhoodevi.
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As champaka flowers are offered to Sri Vishnu here, it is called Champakadhama.


It is believed that King Janmejaya had sarpa-dosha. To get rid of it, he took bath in the nearby pond. He emerged with a golden body and sarpa-dosha was also removed. The pond is called Swarnamukhi and believed to have curative powers.
Sri Vishnu murti was consecrated by him.


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Sam Dylan Finch \U0001f937\U0001f3fb\u200d\u2642\ufe0f
Sam Dylan Finch 🤷🏻‍♂️...
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I had the most bizarre experience outside of a bar yesterday, which my partner very aptly described as "toxic mask-unlinity." (A Thread.)

I was standing outside, waiting for a lyft to get home, when two cis men came out of the bar to smoke cigarettes. They're discussing the masks that folks are wearing in California at the moment because of the very dangerous air pollution from the fires happening.

I happen to be wearing one of those masks, because I think lungs are important and I like breathing. I dunno. One of the men notices me standing there, and says, "Like this f*cker right here. What is this shit?"

He goes on a homophobic rant about me, the pansy with a mask, and what a Very Manly Man he is because he's not afraid to smoke a pack of cigarettes while California is on fire. He doesn't need a mask, because something-something-heterosexual-something.

And part of me is just... impressed by the fact that this dude thinks he's Owning The Gay Libs by not wearing a mask to protect his lungs from smoke and particles in the air that are literally DANGEROUS... while chain-smoking. Outside of a bar.
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save as q
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Vibhu Vashisth
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THE LESSER KNOWN MAHARANA OF MEWAR:RANA KUMBHA
Kumbalgarh Fort is one of most spectacular sites of India,atop a hill abt 3600ft above sea lvl in the https://t.co/LkjmzzBhE2's second largest wall is surrounding it.A fort wall second only to Great wall of China,still not so famous.


This longest wall of India stretches to almost 36Km and encompasses a few hills, many step wells and over 360 temples and palaces. Birth place of the Great Maharana Pratap, this fort is named after another Great Maharana of Mewar, who is not given his due in the History.


Builder of many architectural marvels like the Kumbhalgarh Fort, an erudite scholar, a patron of arts, music, culture & a great warrior was the Great Maharana Kumbha. Yet we don't know much about him. Let's get to know him a little.


Maharana Kumbha was the undefeated King of Mewar from 1433-1468CE.He never lost any battles &kept Mewar out of the reach of Islamic Invaders till the time he was alive. Born on Makar Sakranti to Maharana Mokal & Saubhagya Devi, Rana Kumbha was only 13 when he ascended the throne.


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