1. Option Chain (Advanced) features
2. Total PE - CE OI
3. Options Intraday OI Breakup
4. Cumulative OI change
5. Backtesting historical Data
6. Data in different intervals
7. Straddle/Strangle Charts
Let's go ↓
One of the best tools for Options Traders is @iChartsIndia
9 things Icharts can do, you'll wish you knew yesterday:
Collaborated with @niki_poojary
🧵
1. Option Chain (Advanced) features
2. Total PE - CE OI
3. Options Intraday OI Breakup
4. Cumulative OI change
5. Backtesting historical Data
6. Data in different intervals
7. Straddle/Strangle Charts
Let's go ↓
Uses:
• Understand the options chain better
• Know the correct market direction and
• Sell the right options with a higher probability of success.
Open Option Chain on Icharts and then click on:
• Trend
• Buildup
• Vwap
Like this:
Most popular and powerful feature, even used by experts like @nitinmurarkasmc heavily.
Observe the intraday Change in OI difference and align your trades with where writing is happening.
Can check it only for nearer strikes, or all strikes.
Here's how:
Shows you Total OI and Change in OI in bar chart format.
Can segregate from Near Atm strikes to all strikes.
Historical Data of past expiries is also available to make backtesting easier.
Option Chain with charts and Price and Open Interest showing in them.
Can look where open interest changes are happening.
Know quickly about multiple strikes Oi behaviors.
Can see the individual data of any strike at any interval you want as per your liking.
I have seen a few scalper traders recommending this to their followers.
Compare the total Open interest of the whole option chain amongst Calls and Puts.
Can also see this only for the near ATM strikes.
Can check historical data as well.
The most powerful feature of Icharts is the ability to backtest historical options data with ease.
Nearly all features have this feature enabled in them.
For eg, on Gap days can see how premiums behaved on the gap side and be prepared next time.
Another awesome feature of Icharts is the ability to see any data in any time interval as we see fit.
For eg 3 mins, 5 mins, 10 mins, 15 mins, etc all can be seen separately.
Most of the people started using Icharts as they were offering strangle/straddle charts.
This is particularly useful for traders wanting to sell straddles when they are decaying (falling in premiums).
Same for strangles.
https://t.co/fKzZvWTTb1
Option Selling is attracting a lot of new traders.
— Aditya Todmal (@AdityaTodmal) October 21, 2022
The best Option Traders love trading in Bank Nifty.
10 Reasons why traders prefer Bank Nifty over Nifty:
Collaborated with @niki_poojary
\U0001f9f5
Keep an eye out for all these cool new features.
You'll find relevant information on these updates on these twitter handles.
Follow them for Ichart updates:
@iamswingtrader & @iChartsIndia
If you have any questions for them feel free to reach out to them and if you do like the service they are providing you can take the same!
If you enjoyed this thread:
1. Follow us @Adityatodmal & @niki_poojary for more threads on Price action, Option Selling & Trading growth.
We've got you covered.
2. RT the first Tweet to share it with your audience.
I appreciate it!
More from Aditya Todmal
Option Selling allowed me to 10x my career and income.
Some of the Top 1% of the traders have mastered this skill.
Here are 5 threads to make you a pro today (completely free):
Collaborated with @niki_poojary
🧵
By the end of this thread, you'll learn 5 lessons:
1. Best Resources to learn option selling
2. Websites for research in FNO
3. Best Option Trading books
4. Important Patterns for directional Option Selling
5. 14 Strategies for Option Selling
Let's go ↓
14 Resources to learn Option
Best Websites to help you find opportunities in Options
Best Books on Options
Some of the Top 1% of the traders have mastered this skill.
Here are 5 threads to make you a pro today (completely free):
Collaborated with @niki_poojary
🧵
By the end of this thread, you'll learn 5 lessons:
1. Best Resources to learn option selling
2. Websites for research in FNO
3. Best Option Trading books
4. Important Patterns for directional Option Selling
5. 14 Strategies for Option Selling
Let's go ↓
14 Resources to learn Option
THREAD: 14 of the best resources/topics for anyone who wants to start option selling as a career. \U0001f9f5
— Aditya Todmal (@AdityaTodmal) March 13, 2022
Collaborated with @niki_poojary
Best Websites to help you find opportunities in Options
These 8 websites will answer 80% of your FNO research questions! \U0001f9f5
— Aditya Todmal (@AdityaTodmal) October 1, 2022
Collaborated with @niki_poojary
Best Books on Options
8 Options Trading books that every trader should read: \U0001f4da
— Aditya Todmal (@AdityaTodmal) October 2, 2022
Collaborated with @niki_poojary
Want to master Option Selling for free?
Here are the best resources.
A thread 🧵👇
Collaborated with @niki_poojary
1. Best book of knowledge for a beginner?
Zerodha Varsity from @Nithin0dha's team is the best book for a newcomer to read and increase his basic knowledge about options, especially for the Indian markets.
Link:
2. Best Youtube channel on Options Trading?
The @tastytrade financial network. It's a foreign channel that focuses mostly on selling options.
They teach all strategies for free with their backtests.
Big on Straddle/Strangles selling.
Links:
3. Top Indian YouTube Channel for Options?
Power of Stocks - Subhasish Pani
What you'll learn:
1. How to form a trading plan.
2. How to scale an account with risk-reward in option selling.
3. Technical analysis logics you can use daily.
15
4. What are the preconditions to start option Selling:
You should know technical Analysis basics like:
- Support/Resistance
- Chart Patterns
- Candle Patterns
- Dow Theory (HH, LL)
This will help you start taking high-probability trades.
Here are the best resources.
A thread 🧵👇
Collaborated with @niki_poojary
1. Best book of knowledge for a beginner?
Zerodha Varsity from @Nithin0dha's team is the best book for a newcomer to read and increase his basic knowledge about options, especially for the Indian markets.
Link:
2. Best Youtube channel on Options Trading?
The @tastytrade financial network. It's a foreign channel that focuses mostly on selling options.
They teach all strategies for free with their backtests.
Big on Straddle/Strangles selling.
Links:
3. Top Indian YouTube Channel for Options?
Power of Stocks - Subhasish Pani
What you'll learn:
1. How to form a trading plan.
2. How to scale an account with risk-reward in option selling.
3. Technical analysis logics you can use daily.
15
15 Learnings from Power of Stocks: \U0001f9f5
— Aditya Todmal (@AdityaTodmal) January 23, 2022
Collaborated with @niki_poojary
4. What are the preconditions to start option Selling:
You should know technical Analysis basics like:
- Support/Resistance
- Chart Patterns
- Candle Patterns
- Dow Theory (HH, LL)
This will help you start taking high-probability trades.
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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
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
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
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
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
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
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
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
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
These 10 threads will teach you more than reading 100 books
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I interviewed 5 billionaires this week
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I asked them to share their lessons learned on startups, life and entrepreneurship:
Here's what they told me:
10 competitive advantages that will trump talent (2/10)
To outperform, you need serious competitive advantages.
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But contrary to what you have been told, most of them don't require talent.
10 competitive advantages that you can start developing today:
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I\u2019ve gotten a lot of bad advice in my career and I see even more of it here on Twitter.
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Time for a stiff drink and some truth you probably dont want to hear.
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THREAD: 10 significant lies you're told about the world.
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On startups, writing, and your career:
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