BC OPTIONSLEARNINGS
Saved by @SAnngeri

MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

 How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit Criteria

https://t.co/GDfT49AldT
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in itself.

https://t.co/QzenFVTAsy
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only puts

https://t.co/NVGsIbSwmD
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold calls

https://t.co/80egDSOz1O
What to do when premiums are low? By @Mitesh_Engr

• Avoid Strangle Selling
• Wait patiently for rejection candle
• Bet heavy with a small stop loss
• Great Risk/Reward

I saw him do this live on one expiry I distinctly remember, he made good profit.

https://t.co/e1qTcAvvwi
Ideal position sizing to play strangles aggressively by @Mitesh_Engr

Observe the quantity he is selling on a 20 lakh account,15 lots on 20 lakhs.

• Sold straddles aggressively
• Exited with 1% profit in a day
• Sold bullish strangles to extract more

https://t.co/kgIqEUP8ML
What @_GauravVashisth looks for before selling strangles.

• Check 1 hour charts
• If in consolidation sells strangles
• If there's a breakout of a level sells directionally

https://t.co/VVID7zHXau

https://t.co/TZnoYSzUGi
According to @_GauravVashisth strangles shouldn't be sold when

• Market closes at day high/low
• Probability of a big move is higher
• Probability of a severe gap up/gap down is higher

You can check my thread out on @_GauravVashisth logics here 👇

https://t.co/H8mvy1ajdo
This is a very nice thread by @Pathik_Trader Sir where he says Strangles are better than Straddles. Also covers:

• Ideal Position Sizing
• How to diversify
• How to not be affected by a black swan

https://t.co/RYE9w9QxRF
How @Pathik_Trader Sir keeps a stop loss in strangles?

• Premium recieved + 10% is SL.
• No need of adjustments

https://t.co/ZtntnE2FJE
Multiple Examples of how @Pathik_Trader managed his strangles in multiple stocks.

• Sold Naked Puts
• When market reversed sold calls
• Rolled down calls to extract more
• Markets again reversed
• Shifted calls further otm
• Rolled up Puts

https://t.co/gjTBn1kfQV
Best tweets of @sourabhsiso19 I researched on strangles. Go through all these links shared below. 👇

https://t.co/RTMei6gu5E

https://t.co/jWPzHs7CXd

https://t.co/cLpkhuIIrw
Intraday Bank Nifty Strangle Strategy by @jigspatel1988

• Sell highest OI calls and puts
• Have a combined SL
• Your stop loss is VWAP
• Keep trailing

https://t.co/KB7DwdQiiZ
Researched thoroughly for the best tweets out there by all these amazing traders.

Put these efforts of sharing by them to good use and start practicing yourselves.

With practice you'll be amazing at this too. 😃✌️

Will keep adding more tweets to this topic.

_____________END

More from Aditya Todmal

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
Aditya Todmal
Aditya Todmal
@AdityaTodmal
A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary

Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this

Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down


Price levels of OI being added:

• Check 15 mins Built-up in any stock
• Can find Intraday Bullish and bearish trend
• Eg of IBUL who was down 5% on Friday. Short Built-up had started in the morning itself.
• Shows the quantities which are being traded in those intervals.


Time Intervals:

• There are 25, time intervals available every day.

• If a stock has to go up or down a lot it will be heavily dominated in these time intervals.

• IBUL had 10 times short built up on Friday. -5.79 %

• ITC had 14 long built-ups on Friday. +2.6%.
SCREENERS , ALL , ICICI
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
PER ORDER Vs PER LOT brokerage

Which one is better?

Read the thread to know why one is clearly better than the other.

A THREAD ...

Too many people are getting scammed into per lot broking. There are offers anywhere between 6 rs per lot to 25 rs per lot. It's financial suicide to opt for this kind of broker compared to the per order ones.

Let's have a look at why PER ORDER is OBVIOUSLY the better choice.

1. How many lots do you sell at a time?

The majority of the people must be at least selling 2-3 lots in one go. (Assumption)

Per lot brokerage (10 rs per lot) you'll be charged 30 rs buy-side and 30 rs sell-side (as we sold 3 lots), overall 60 rs plus other charges.

Under per order, you'll only be charged 20 +20 = 40 rs overall. (This can be further reduced to 20 rs, check the 5th point to know how)


2. What's your capital?

If your capital is 10 lakh and above it mathematically makes no sense to opt for per lot unless you are selling 1 lot at a time or punching many orders a day.

(Constantly adjusting)
BROKERAGE , PER LOT BROKERAGE , BROKERAGE THREAD
Aditya Todmal
Aditya Todmal
@AdityaTodmal
After trading hours, homework involves using stock screeners.

Traders use screeners to sort 1500+ stocks into active ones, which saves a lot of time.

Here are the top 18 screeners:

Collaborated with @niki_poojary

Listing all scanners from @Pathik_Trader Sir first.

1. Open

2. 80-20 Reversal

3. Fake

4. Trapping Inside Bar (Positional
SCREENER
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Twitter is like a free university.

However, 98.8 percent of users missed out on the best content on this platform.

Here are the Top 52 threads from the past 52 weeks of 2022: 🧵

Collaborated with @niki_poojary

(1) Topic: 5EMA Setup of Subhasish Pani by


(2) Topic: Using Volume the right way by


(3) Topic: Python Courses to learn from by


(4) Topic: A list of the top screeners by
ALL

More from Optionslearnings

itrade(DJ)
itrade(DJ)
@ITRADE191
@BankniftyA ....YAAD AYA KUCH 😃😃😃
OPTIONSLEARNINGS
itrade(DJ)
itrade(DJ)
@ITRADE191
Here is the detailed information of about strategy,

Entry time : 9.30 - 10
Exit : Upto you

Strategy :
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle

Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.

Weekly Short straddle + Monthly Long straddle

Adjustment:

• If you feel slightly bullish/bearish then no adjustment needed
• If Nifty moves 50 up or down and sustain then just simply roll up or down half of qnty and keep rest of the quantity. If market goes up or down further then roll up or down rest.

• If Nifty moves one side or about to breach BEP then add equal amount of lot. This can balance tested side. For ex: If I bought 17300 CE 4 lot as hedge then add 4 lot so you will have only one side risk . Note: Remember to keep SL at cost price (only for additional lot bought)

Capital requirement:
2.2 L for 4 lot
Adjustment requires additional capital upto 1L

Note : High risk high reward strategy, please don’t execute until you fully understand. Kindly do paper trading or backtest.
RR : 1:1
POP : 45-55%
OPTIONSLEARNINGS , ALL
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itrade(DJ)
itrade(DJ)
@ITRADE191
Today trade
OPTIONSLEARNINGS
Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
Options and their price action analysis.
Read 👇👇
OPTIONSLEARNINGS
Aditya Trivedi
Aditya Trivedi
@itsAdityaT
BENEFITS OF OPTION SELLING

Most of the successful traders here are option sellers.

Ever wondered why?

Why we have chosen option selling?

How to decide what strategies to use?

THIS IS THE ONLY THREAD YOU'LL EVER NEED!

Find out below

1: Theta decay

The biggest reason and one of the prime reasons is the theta decay.

Option sellers always have an advantage because the as time passes, the option premium falls even if the underlying instrument doesn't move.

2: Being wrong and still making money.

We as option sellers can be wrong with our market view and still end up making money because of the power of theta decay and adjustments to some extent,

3:Playing directional view

Option selling also enables us to take a directional view. Infact, directional view along with theta decay makes it a solid combination.

Debit spreads and credit spreads works great for a directional view.

4: Playing Neutral view

We can make money in option selling even if the market doesn't move as the otm options will go to 0 with the help of theta decay. It's the most fascinating thing.
OPTIONSLEARNINGS , ALL

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Here's some details... Read on.

...it took me another 5 minutes to get qualified for options.

If I share a sign up I get "free shares" and I can share as much as I want up to 500$ worth.

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