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