What is best way to sell strangle in Banknifty on an intraday basis
Simple
at 9:45 Open Option chain and check In which strike highest OI change in call side and put side

Sell both option with combine SL
Enjoy easy and simple intraday trading strategy
Today 35000CE and 34500PE

More from Jig's Patel

Guys,
Today I am sharing how I will filter out the stock for intraday trade,

This strategy is called "NR21-VWAP" trading,

For filtering the stock I will use NR21 + Inside bar theory (its a very old but popular theory),

Filtering stock used below screener end of the day
(1/n)

Screener
https://t.co/SSPkYEoFMP

You have to do homework at the end of the day, Run the screener and List out the stock in this screener, hardly 3-4 stock in the list,

Next day trading, Just open chart 15 min TF,
Add VWAP and Volume indicator in Chart,

(2/n)

Buy setup:
If stock price move above VWAP and with high volume then trade activated above VWAP,

SL is trade trigger candle Low,
Sell Setup:
price move below VWAP with volume than trade activated.
SL is high of that candle
(3/n)

Volume indicator,

Open the chart and see the volume of last ten to fifteen 15 Min TF candle volume compare with a current candle if the volume is more than triple then our trade is right,

(4/n)

Eg. Yesterday filtered stock attached,

See the example of BERGEPAINT,

Trade activated at 532.27 and SL 527, Closing price 555

Profit booking criteria, I believe in 1:2 RR, if 5 point SL then I will book 10 point profit,

If you Like kindly RETWEET to reach maximum trader,

More from Optionslearnings

A Thread on How to NOT do blunders while selling Options. 🧵🪡

1. Never be Greedy in a High Vix Environment.

Sellers selling OTM get lured by higher premiums and sell near ATM or more than they usually do, this will burn your hand as High premiums also mean that you will end up giving higher premium back than usual as soom as it spikes.


2. Hope

Hope drives a man crazy and this is true for trading the most, hoping for a reversal to cut the pain. Humans have a tendency to avoid the pain and one does not accept the pain by not booking a loss

Tom Hougaard explains this well below.

https://t.co/zDbDT2hdej


3. Not having a setup in non directional Selling

You cannot make money long term if you don’t have a set of rules or adjustments in place already if you are trading long term. Make a plan or a system so that you always know how to survive. Your Position is non D not the market.


4. Getting Egoistic

Many people think they are supreme because they are selling options much likely because of the Trend on Twitter in the community,
You are a trader think like one and remain one trading a certain way does not make you better.

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