My views and plans on Trading any expiry day summed ahead

This will be a long thread, because there are many tiny details about expiry trading which might help you in future. Overall markets are the best teacher and there is no substitute to practical learning

Here we go 🧵🧵

Most of you might know that I'm primarily a directional trader and I'm fine with both options buying and selling depending on market conditions such as Vix, Day, Momentum and overall our positioning in the market structure. I am a strong believer of hedging (Not margin benefit)
1] So I start my Expiry day planning on a Wednesday eve where based on market closing you can have a fair amount of idea where we are headed, I do this analysis on the hourly charts, due to less noise and higher precision for day trading.
This gives an idea of where we are positioned in the market.

2] Next I base my analysis on 3 scenarios, either flat opening, gap up or gap down opening, which kind of opening will affect which market participant the most (Buyer/seller basis). This ensures that I am prepared for
all possible scenarios the next day.

3] Thursday morning, I am all set as per opening, now in the first half I prefer selling options by making credit spreads, this gives me some leverage and I have my orders punched by 9:20. I prefer selling ATM or most of the times mild ITM
options since I plan directional trades. Also as an expiry day trader you should know when momentum kicks in, its usually the first hour followed by a rangebound move till 12:30-1:00 pm and then some liquidity hunting followed by a trending move in second half.
4] By 10:15 at the close of hourly candle you'll know which side we're headed by a fair amount and your options would have decayed well as well, this is the time where I slowly book profits and start trailing my stops. Btw I keep an SL of hardly 10-15 points in option selling
This is very much possible provided you are initiating trades at the right place. I'm fine taking Sl 2-3 times since the premiums I'm selling are usually in the range of 80-90 Rs (In Nifty). This keeps Risk reward in my favor.
5] Another point is to understand risk and be ready for any changes, being dynamic is the only holy grail in this market.

6] Next up I look out for FnO stocks showing strength and index heavy weights. This gives you an idea of what is the scope of movement in them.
This will help you estimate the move possible in index on that day in second half. Now that most positions are trailed, I wait for second half if there is a range breakout to buy options.

7] Now that you've booked some gains already, I always ensure that the sizing
which I have in option buying can never take the profits which I've already made, in short I take a risk on my intraday gains, also option buying trades have a similar 10-15 point SL and it usually should not hit if market is in momentum else if it hits a sideways move is seen.
8] The understanding of IV, Vix and option pricing will take you a long way in understanding how premiums are discounted or are at par or in slight premium at different times of the day. This is something which you need to realise at a personal level by trading many expiry days
and observing them, I'd highly recommend you all to go through all the live trading videos of @BandiShreyas since that'll help you get a grasp of this. It'll help you understand the pricing really well.

9] I never wait for my sold options to go to 0 with full qty.
As soon as 70-75% of my sold premiums are captured I book 75% of my positions leaving the rest 25% with stops of cost & trail them as per vwap eventually.

Understanding your risk is really important and those who are going to start option trading, I'd encourage them to learn
about options and observe markets for a while then start with 1-2 lots to actually get the hang of things before scaling up. Wed/Thu are best days for option selling in my view.

I hope this thread helped, you might share it with friends who are new into options if you like it❤️

You May Also Like

I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x


The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x

Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x

The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x

It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
This is a pretty valiant attempt to defend the "Feminist Glaciology" article, which says conventional wisdom is wrong, and this is a solid piece of scholarship. I'll beg to differ, because I think Jeffery, here, is confusing scholarship with "saying things that seem right".


The article is, at heart, deeply weird, even essentialist. Here, for example, is the claim that proposing climate engineering is a "man" thing. Also a "man" thing: attempting to get distance from a topic, approaching it in a disinterested fashion.


Also a "man" thing—physical courage. (I guess, not quite: physical courage "co-constitutes" masculinist glaciology along with nationalism and colonialism.)


There's criticism of a New York Times article that talks about glaciology adventures, which makes a similar point.


At the heart of this chunk is the claim that glaciology excludes women because of a narrative of scientific objectivity and physical adventure. This is a strong claim! It's not enough to say, hey, sure, sounds good. Is it true?
Trading view scanner process -

1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread 🧵 for you 🙏💞🙏

Keep learning / keep sharing 🙏
@AdityaTodmal