Catch me if you can @Mitesh_Engr
Time for a๐งต
Mitesh Sir's EXPIRY Option Selling 101:
โข What to look for?
โข Strike Selection & Ratios
โข SL mgmt
โข Avoiding freezes
โข Monthy Expiry
โข Event days
โข How he would have traded last expiry?
In collaboration with @AdityaTodmal
Edward de Bono says intelligence is like a๐ Automobile
โA 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.โ
What @Mitesh_Engr Sir looks at for Expiry Trading:
โข Technicals of BNF
โข Individual Heavyweight stocks of BNF
โข Support/Resistance of BNF on weekly TF
โข Also has Superb SL management
โข When it comes to adjustments, he is always on toes
How to Select Strikes to Sell?
โข You can't sell based on premium
โข Follow only trend
โข Price action is best to sell on expiry day
โข Never wait for the options to go to zero
Using Ratios to Sell:
โข If BNF is in a range then strangles
โข If breakout/ breakdown from a range then directional
โข Selling 70/30 or 80/20 ratios
โข 2 examples on how he used ratios