BC OPTIONSLEARNING
Saved by @SAnngeri

A THREAD on . . . .

How @ITRADE191 selects strikes to trade in and how he follows risk management.

Short thread explained via pictures with the help of @niki_poojary.

 1. At the start of the week

i.e. on Friday and Monday, DJ Sir prefers to sell OTM options of 50 rs premium in Nifty.

- ATM options won't decay a lot at the beginning
- With this premium reward is good
- Since these strikes are 4-5 strikes away they are relatively safer
2. On Tue/Wed/Fri

He prefers to trade in ATM or near OTM options.

- ATM options have the highest theta decay
- Since there are only 2-3 days to expiry options sellers by default have a higher probability of winning
- Huge reward if market stays flat
3. Directional/Trending days

- Capture huge profit via ATM option selling
- Futures only where he has good conviction
- Even if doesn't trend much decay will be huge
- Only on days Tuesday to Thursday
4. Which series to trade options in?

- INTRADAY trades option selling is ONLY in weekly expiry
- Option buying for hedging is done MAJORLY in next week/monthly expiry
- This way we have time to adjust
- Theta decay slower than weekly
5. Positional trades of @ITRADE191

- Collects huge premiums in monthly options
- Lesser adjustments compared to weekly
- Better focus on Intraday trades in weekly
- Lot of time to be proved right/wrong in our trad
6. Target achieved/Loss Limit achieved

- If the target is fulfilled and he doesn't want to cut the position
- He books 70-80% of his profits and
- Keeps the remaining 20% or
- Just books all and sells safer options
- For higher probability on his side
7. First Trade

- Always should be a very high accuracy trade
- Resulting in a cushion in terms of profit
- Better psychology to take risk in other trades
8. What does he do with his Intraday trades EOD?

- Books whatever profit/loss
- Wants to take a fresh position the next day
- No wasting time firefighting
9. Biggest Secret/Strength

- Divides risk per day into 4 parts/trades
- When first trade in profit put sl at cost
- Again 4 lifelines restored
- Keep repeating with further trades
His primary focus is on his capital protection & secondary focus is on profit protection
10. Uses portfolio stop loss

- Beginning risk appetite is of 20k loss
- When in 20k profit then sl is at cost
- For every 10k profit increase raise your sl by 10k
For eg, when in 30k profit stop loss is shifted to 20k (our target). When 40k then sl is 30k and so on. . .
11. Focus on one instrument only

1 and a half year ago when he started option selling that time he was trying to trade multiple instruments but later he realized that focusing on one instrument yields better results and understanding of the instrument also increases a lot.
12. Hope this helps you in

- Choosing strikes
- Improving Risk Management
- Managing stop losses
- Focusing
Share if you learned something from this thread so that everyone can benefit.
___________________________________________________

THE END

More from Aditya Todmal

Aditya Todmal
Aditya Todmal
@AdityaTodmal
Curated tweets of @sourabhsiso19

Found awesome content: ⏬
1. Moneycontrol
2. Bank nifty Strangles/Straddles
3. Learnings
4. Expiry Trading
5. Directional trading
6. Long Term Investing
7. Pivot system
8. DHS pattern
9. Multiple trade management threads/ways.

Moneycontrol article on @sourabhsiso19


What Sourabh does and how to trade like him?


Why trade multiple systems? ⏬
1. Keeps drawdown at minimum.
2. Strong money management can be applied.
3. Better psychology.


Thread on how options allow you to change your positions in a dynamic manner.
STOCKLEARNINGS , ATT , CURATEDTWEETSBYSISODIYA
Aditya Todmal
Aditya Todmal
@AdityaTodmal
There are so many tools related to trading.

But very few provide any real value.

Here are 7 of the most valuable FREE Tools you're not using (but should be): 🧵

Collaborated with @niki_poojary

1/ Opstra by @Definedge:

- Best Strategy Builder
- Options Portfolio feature to track and analyze trades

I use this extensively whether it is to check the returns of a strategy or its breakevens.

Go to tool for traders, number 1 on my

@Definedge 2/ @tradingview

Easily the best charting platform.

Haven't opened a single broker's chart since then.

Multiple hacks to get its premium features for free in the thread below.

Let's dive in

@Definedge @tradingview 3/ @ZerodhaVarsity

Collection of stock market and financial lessons.

The value is worth more than 50k minimum.

Can increase knowledge on just about everything in trading including:

- Technical Analysis
- Fundamentals
- Options Strategies
-

@Definedge @tradingview @ZerodhaVarsity 4/ Chartink by @ChartinkConnect

Best screener website.

Free scanners are available to use during live markets.

Can also check charts with different
ALL
Advertisement
Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

(1/12)


Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

(2/12)


Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

(3/12)


Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

(4/12)

Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

(5/12)
TRADING , OPTIONS
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Want to become better at Positional Trading?

Read this thread...

12 Rules for Professional Positional Traders:

THREAD: 🧵

Collaborated with @niki_poojary

Rule 1:

"Trade with a stop loss of 2% on your capital for the week."

If you're losing more than 2%, chances are your reading of the market is wrong. The best would be to call it quits for that week.

(1/N)

Rule 2:

" Don't trade in the first 10 mins of any day"

Every day, there is far too much noise in the first few minutes. Positional traders should avoid some time in order to avoid being butchered right away.

(2/N)

Rule 3:

" Wait for candle closings in your timeframe"

Beware of wicks. They are buyer/seller traps. Rather wait for a good candle to close above your support/resistance to open/close a trade.

(3/N)

Rule 4:

" Don't lose more than 10% of your capital in a big gap"

The day I experienced the greatest Mtm loss to my capital was February 24. The figure was -47 lakhs. It was around 10% of my capital. Losing much more would set me back several months.

(4/N)
ALL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
One of the best directional traders, who always identifies directional moves early on and rakes in big bucks.

@niki_poojary is a pro trader and is sitting with an ROI of about 60% for the year.

Here are 7 of her best threads from 2022 to make you a pro today (completely free):

By the end of this thread, you'll learn 5 lessons:

1. 10 most Powerful Intraday Setups with Screeners
2. Systematically become a good trader
3. Bollinger band set-up
4. Fibonacci retracements
5. Create a Trading Plan using only Price Action

...and a few more

Let's go ↓

Create a Trading Plan using only Price


10 Powerful Intraday Setups with


1:4 RR Bollinger band
ALL

More from Optionslearning

Mitesh Patel
Mitesh Patel
@Mitesh_Engr
Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
BNF , MPATELOPTIONSLEARNINGS , OPTIONSLEARNING
Mitesh Patel
Mitesh Patel
@Mitesh_Engr
How to sell option?
Here let me explain through simple math.
Say BN at 30000
30000 straddle trading at combine premium 800 ( based on current volatility)
Put at 400
Call at 400
You don’t know direction. Sold both.

If move will not come than both will decrease gradually.

At day end it will come down to 720-740 if move will not come. Difference is your profit.

Now case 2:
Move started.
At one points combine premium will start increasing.
Say 810.
Exit immediately. No need to do adjustment.
Let market settle.

Sell again straddle once market settle.
Now repeat same thing.

Straddle selling webinar over.
Good luck.

One can keep SL 550 for both strike to escape from sudden movement.
OPTIONSLEARNING , MITESHOPTIONS
Advertisement
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵Weekly Bank Nifty Analysis for 18th August Expiry:


To form a view, let's have a look at:

1. Multi-timeframe Technical Analysis
2. Option Chain Data

Also, 3 strategies to deploy for:

1. Aggressive Traders (3.36%)
2. Moderate Risk Traders (1.89%)
3. Low-Risk Traders (0.72%)


1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

• Weekly charts
• Daily charts.
• Hourly / 60 min charts.

1. Weekly-

• The market has broken out from the trendline and is extremely bullish.

• However, also note that there are 4 continuous green candles in the weekly chart.

• Until Bnf closes below the current green candle low which is 37680, bias should not be bearish.


2. Daily:

• Candlestick pattern—Bullish Marubozu on the daily timeframe.

• Chart Pattern—Gave a rectangle breakout and is running up.

Buyers are in control so until we close below the wick made today can't take aggressive bearish positions.
OPTIONSLEARNING , ALL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Curated tweets on How to Sell Straddles

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles

Share if you find this knowledgeable for the benefit of others.

1. Straddles explanation from the boss himself.
OPTIONSLEARNING , SELLINGSTRADDLES , STRADDLES
Kapil Dhama \U0001f1ee\U0001f1f3
Kapil Dhama 🇮🇳...
@kapildhama
For weekend learning.

1. Reverse buying (Iron Fly Adjustments) https://t.co/1HCmF6ej9e

2. Straddle setup and adjustments
https://t.co/MFvRjemrHw

3. In depth option chain analysis
https://t.co/W9iiCiBJaw

4. Expiry calendar setup
OPTIONSLEARNINGS , OPTIONSLEARNING

You May Also Like

Formula 1
Formula 1
@F1
After 17 years and more than 300 races, it could be @alo_oficial's last F1 race on Sunday 😭 He's given us a lot over the years... including some superb GIFs!

Here we have a rare example of a GIF you can actually hear. TOMA. 💪


The Spanish Samurai


Never give up. 💪 #GraciasFernando


Winning is everything. #GraciasFernando
SPORT
Adam McKay
Adam McKay
@GhostPanther
1) My Stan Lee story happened when I was in 5th grade. I was visiting NYC with my Dad and had read the address for Marvel in the comics I read constantly. I begged my Dad to take me and to his credit he did. And guess what? It was just an office.

2) We were down in the lobby and I was kind of crushed. I don’t know what I expected, The Thing and the Yancy Street Gang to be sitting around smoking cigars? Anyway, my Dad was taking a beat to figure where we were going next and a guy came up to us.

3) He was wearing a white shirt and tie and said to Dad “Is he disappointed because. The Marvel offices were just offices?” My Dad said yes and then the guy who had gray around his temples and a mustache said “hold on a second” and opened one of those office mailboxes with a key.

4) He then handed me a thick stack of EVERY SINGLE MARVEL COMIC COMING OUT THE NEXT MONTH. “Here you go. Keep reading Marvel comics” he said and then walked off. I left in a daze and about 15 minutes later it hit me “Gray around the temples, mustache... That was Stan Lee!”

5) Later when I wrote on the Ant Man movie I told Kevin Feige the story, the year, look of the guy etc and Kevin said “That’s exactly the kind of thing Stan would do and he would have been there then. That was him.” Rest In Peace Stan Lee and thank you for the comics.
CULTURE
Advertisement
Abigail See
Abigail See
@abigail_e_see
Can we control the output of neural generation systems?
Can we build a better chatbot using this control?
And what makes a good conversation anyway?

Check out the blog post for our NAACL paper:

https://t.co/UAAUxSeA0L

#AI #NLProc #DeepLearning #ConversationalAI @facebookai

This post got a little delayed since the paper's publication, but the intervening time has given me an opportunity to reflect.

So this post has some extra thoughts regarding more recent NLG developments - e.g., pretrained models like GPT(2), and the suitability of beam search.
ALL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

• Making one master thread and will keep posting all my threads under this.

• Go through this for super learning/value totally free of cost! 😃

1. 7 FREE OPTION TRADING COURSES FOR


2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX


3. 12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.


4. Curated tweets on HOW TO SELL STRADDLES.

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
OPTION SELLING , OPTIONSTRATEGIES , CATEGORY
Egypedia
Egypedia
@Egypediax
Ancient Egypt was the most advanced civilization in the ancient world. Why was Egypt so special?

There are so many firsts in Egypt that we all know about, and that makes Egypt unique. For example, the Sumerians did not build the pyramids of Egypt.


Save as history
HISTORY