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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
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
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Best FREE website for FNO Heatmap - ICICI DIRECT

https://t.co/honvUA9lmx

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.

(1/5)


For example, Nifty Heatmap Can easily scan for

1. Long Build up (Price up and OI up)
2. Long Unwinding (Price down and OI down)
3. Short Buildup (Price down and OI up)
4. Short Covering (Price up and OI down)

(2/5)


1. 15 mins Built up can check in any stock
2. Easy to find Intraday Bullish and bearish trend
3. Eg of Bajaj Auto who was up 9% on Friday. Long Built up had started in the morning itself.
4. Shows the quantities also which are being traded in those intervals.

(3/5)


5. There are 25 time intervals available everyday.
6. If a stock has to go up or down a lot it will be heavily dominated in these time intervals.
7. Bajaj Auto had 14 times long built up on Friday.
8. IndusInd Bank had 13 short built ups on Friday. IndusInd fell 3.5%.

(4/5)


Some people5 check the last 45 mins data of the day too to predict the gap opening for the next day.
Data gives them additional conviction, especially if huge contracts addition is taking place.

(5/5)

---------------------------------------------------------
ALL
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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
Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵 Weekly Bank Nifty Analysis for 8th December 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 (2.6%)
2. Moderate Risk Traders (1.3%)
3. Low-Risk Traders (0.8%)


1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

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

1. Weekly-

• The market has given 4 continuous green closes, so not expecting a big momentum on upside.

• This week my view is that it can take a pause.

• Longer term trend is super bullish.

• Any dip will towards 41800 will be a retest, and should be used to go long.


2. Daily:

• Candlestick pattern—Hanging Man

• Chart Pattern—Breakout Failure

• A pin bar candle is very powerful but only after a downmove.

• Here it forms near the top of upmove.

• Means some sellers are present. Below 43000 can sell calls above 43600 for the week.
TRADING
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Saving money on Taxes is a superpower.

Learn it and you can make money faster than ever.

Use these 3 Threads to master Saving Taxes in the next 5 min:

Collaborated with @niki_poojary:

First of all, you need to open a company account if you want to save the highest


1) If you are earning more than 50 lakhs, study this thread.

Listed out the benefits of trading in a corporate


2) How can Individuals save on taxes.

(@niki_poojary


3) How do fund managers and traders save on
TAXES

More from 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
itrade(DJ)
itrade(DJ)
@ITRADE191
https://t.co/5ySV9CK7yx
OPTIONSLEARNINGS
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itrade(DJ)
itrade(DJ)
@ITRADE191
volatility is very high when market open big gap down or option up hote he and jab market settle hota he option price cool down hote he agar market up bhi ja raha ho to bhi buy option utna nahi badenga ..
OPTIONSLEARNINGS
Sheetal Rijhwani
Sheetal Rijhwani
@RijhwaniSheetal
If you are new to F&O, you can start with Vertical Spreads (Debit and Credit spreads) instead of buying options in Stocks and Indices.
Here are some ways how you can do it, when you can do it and the right position sizing for doing it... 🧵 (1/25)

Traders who are trading in cash and want to explore options generally start with options buying without much knowledge. They buy OTM strikes and trade with wrong position sizing. With no idea about the perfect entry, they end up feeling that F&O is risky. (2/25)

After losses in F&O buying, this is how I approached it and it rewarded me pretty well in initial phase. I find this strategy easy to start things off. And then, you can explore other strategies too and find what works for you. (3/25)

Vertical spread is a directional, defined risk options trading strategy:
1. Bull call spread (Debit spread)
2. Bull put spread (Credit spread)
3. Bear call spread (Credit spread)
4. Bear put spread (Debit spread)

Read about these strategies in the below articles. (4/25)

https://t.co/KQvYOsu9kv

While going through these strategies, you must have thought you have to wait till expiry for profits/loss. (5/25)
OPTIONSLEARNINGS , OPTIONS
Aditya Trivedi
Aditya Trivedi
@itsAdityaT
WHAT IS OPEN INTEREST, HOW TO ANALYZE IT AND DOES IT WORK?

In the thread I'll explain everything about Open interest and also all the tools used to analyze it and my personal opinion.

THIS IS THE ONLY THREAD YOU'LL EVER NEED ON OPEN INTEREST.

1: What is Oi?

Support if Mr A buys 10 lots of 17000ce in Nifty and Mr B sells 10 lots of call in Nifty then the total Oi on 17000 strike price will be 10.

So Oi is basically the number of outstanding contracts which are not squared off.

2: What is Oi used for?

Oi is only used to determine support and resistance on a particular strike price.

For eg: Nifty 16000pe has the highest Oi and 16200pe has to highest Oi.

So 16000 and 16200 level can be considered as good supports.

In the same way, 16500 ce has highest Oi and it can be considered as a resistance.


3: But why?

Highest Oi at 16500ce indicates that highest number of people have sold it BUT it also means that highest number of people have Bought it!

If 16500 acts as resistance, the option will go to 0 and all the buyers will lose money.
OPTIONSLEARNINGS , TRADING INDICATORS

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John Papa
John Papa
@John_Papa
Choosing the Right JavaScript Framework

Thanks for joining me @pluralsight to talk about javascript frameworks. We had 150+ awesome questions, so I'll try to answer the ones I couldn't get to online right here in a tweet stream

Watch the video -->
https://t.co/G7zeiKhXme


Q. Do arrow functions really make dealing with JavaScript's "this" keywords easier?

A. Yes! When using arrow functions, the scope of "this" is effectively passed in from the outer scope. See here in this REPL

1/n


Q. Where does Polymer fit in? Is it considered a framework like the others?

A. @Polymer is an excellent way to create web components, which are ideal for creating sets of interactivity that can be shared in web apps.

2/n

Q. Have we gone framework crazy?

A. At one time, quite possibly. A few years back we literally had framework overload. I feel it really has solidified into a few very strong choices.

3/n

Q. [Is] there no more need for @polymer?

A. See my previous question on this ... but in general, I think there is a lot of room for Web Components with frameworks.

4/n
ALL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Boss is always Boss @Mitesh_Engr

Mitesh Sir's FUTURES BREAKOUT TRADES 101:

• How to pick stocks at right time?
• What to look for?
• Importance of BO post consolidation
• How to manage SL
• How to get huge profits
• Multiple Examples

In collaboration with @niki_poojary


Importance of Trading only BO or BD stocks by @Mitesh_Engr Sir: 👇

•Two questions to always ask:

~Why stock is going up/down and when?
~ Who is behind big up/down and when?

• Trade only stocks with Momentum
• Instant results
• Small SL or huge profits


Sir's take on how to Trade: 👇

• Observe fight between buyer & seller
• Position will be created within first 3 hours
• Operators will win
• Just find BO or BD
• Look for huge volume support
• Give company to operators
• ATP importance explained


How to take trade in Breakout/Breakdown stocks by @Mitesh_Engr Sir: 👇

• Check Support & Resistance
• Wait for 2-3 months consolidation
• Surge in volumes
• Trade on 3 min charts
• Small SL
• Keep trailing
• Always pyramid in profit


When and Why to Pyramid? By @Mitesh_Engr Sir

• Adding to winning positions
• Signals of continued strength
• Potentially large profits
• An Example of pyramiding in one of his trades
MPLEARNINGS , ALL , MPTRADERULES
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Nikita Poojary
Nikita Poojary
@niki_poojary
Time for a Thread🧵On yesterday’s “F&O Pe Charcha - Diary Of An Option Seller” with @Mitesh_Engr by @Paytm Money

Why Gain/loss ratio is important that the batting average
• More than the Win Loss ratio check the total Gain /loss ratio
• If your avg loss is 1% and avg gain is +5% then even if you are losing in 7 positions and winning in 3 out of 10 still you will be net profitable

Treat Trading as a business:
• Stick to a single strategy. Eg: A restaurateur usually wouldn’t be changing his recipe on a daily basis
• Mitesh Sir only works on BO or BD strategy, as he is a versatile trader

• Any trader should atleast experience 3 scenarios i.e. bull, bear & consolidation
• Target 4% per month i.e. 48% p.a.
• Option buying requires skill, everyday there wont be huge momentum, so buying options won’t yield good results, but high chances of falling into a bad habit

Stock Selection:
• In F&O segment there are ~150 stocks
• Not everyday all stocks will move
• Only 5-7 stocks move upside or downside
• Focus only these momentum stocks
• Check which one is moving
• Range BO/BD never disappoints. BO/BD from a rectangle (consolidation)
MPLEARNINGS , ALL , OPTION SELLING
\U0001f1fa\U0001f1f8I Support Our Military & Law Enforcement\U0001f1fa\U0001f1f8
🇺🇸I Support Our Milita...
@TheWiseOwl_AZ
1. There are more people added on the list of arrests and executions of famous people but no further intel is available at this time.

ARRESTS and EXECUTIONS OF FAMOUS PEOPLE 2020 UPDATED
Explanation of the latest military tribunal arrests and executions of famous people in 2020.

2. The tribunals are arresting these people in plain clothes. We saw the Obama’s arrest, although we didn’t know it was an arrest at the time. The arrest was done nonchalantly so as to not get noticed by the public.
All arrests of these famous people were done this way.

3. If the person is convicted of child sex trafficking, crimes against humanity or treason, they will be executed.
If the person arrested has evidence on someone else to help their prosecution, or is willing to help Trump, & they want to cooperate, they may be allowed to do so.

4. A sentence of execution down to life in prison may be accepted if their evidence is worth anything.
When a plea deal is done, the defendant must present evidence they have to make their sentence lighter. This information is given to the prosecution, defense, and to the judge.

5. If evidence is accepted, they are presented the plea deal. They will have to make a guilty plea to the crime with a video confession & written statement. That is how all plea deals work.

All famous people arrested were either treasonous or involved in satanic worship rituals.
CRIME
Filippo Valsorda
Filippo Valsorda
@FiloSottile
“We don’t negotiate salaries” is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya


And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
LIFE