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
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
Aditya Todmal
Aditya Todmal
@AdityaTodmal
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
OPTIONSLEARNING , OPTION LEARNING , ITRADE
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
If you use it right, Iron Fly is the most solid risk-defined strategy in trading.

But most people don't know how to adjust the strategy when it goes wrong.

Here are 7 adjustments you can do to lower risk and increase profitability: 🧵

Collaborated with @niki_poojary

0/ Who is this for?

This will greatly benefit people who freeze when it comes to managing their trades and keep booking losses.

Some trade with too much fear as well when things go wrong.

Knowing these adjustments will give you the confidence to try to manage your trades.

Most of them are to lower risk on the side the market is going in.

Some adjustments even increase the profit potential and probabilities of the trade being in profit on expiry.

Let's begin by having a look at the adjustments.

Here is the adjustment number 1 below.

1/ Don't do anything till your breakeven arrives

One reason these strategies go wrong far too quickly is due to adjusting them too frequently.

You can escape most adjustments if you simply wait for the market to arrive at your breakeven.

This will work well in monthly options.

2/ Remove Risk from Untested Side

If you've taken an iron fly and the market has gone up you can shift your put buy upwards and lock the downside risk to potentially zero.

This way you've secured one side and just need to manage the bleeding side.
OPTIONSLEARNINGS , ALL , IRONFLY RISK MANAGEMENT
Aditya Todmal
Aditya Todmal
@AdityaTodmal
One of the best tools for Options Traders is @iChartsIndia

9 things Icharts can do, you'll wish you knew yesterday:

Collaborated with @niki_poojary

🧵

By the end of this thread, you'll learn 7 features with uses:

1. Option Chain (Advanced) features
2. Total PE - CE OI
3. Options Intraday OI Breakup
4. Cumulative OI change
5. Backtesting historical Data
6. Data in different intervals
7. Straddle/Strangle Charts

Let's go ↓

1. Option Chain (Advanced):

Uses:

• Understand the options chain better
• Know the correct market direction and
• Sell the right options with a higher probability of success.

Open Option Chain on Icharts and then click on:

• Trend
• Buildup
• Vwap

Like this:


2. Total PE - CE OI

Most popular and powerful feature, even used by experts like @nitinmurarkasmc heavily.

Observe the intraday Change in OI difference and align your trades with where writing is happening.

Can check it only for nearer strikes, or all strikes.

Here's how:


3. Option OI stats

Shows you Total OI and Change in OI in bar chart format.

Can segregate from Near Atm strikes to all strikes.

Historical Data of past expiries is also available to make backtesting easier.
ALL
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

More from Optionslearnings

Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD:

7 FREE OPTION TRADING COURSES FOR BEGINNERS.

Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.

Here I'm listing the resources every beginner should go through to shorten their learning curve.

(1/10)

1st Course - TASTYTRADE

This channel on YouTube is a goldmine for people wanting to learn about options both basics and advanced. By far the best and the most popular channel out there amongst option traders.

2nd Course - OPTION ALPHA

This channel is also pretty well known amongst option traders and they have laid out the path to generate consistent income trading options.

3rd Course - PROJECT OPTION

Lengthy videos explaining the benefit of trading options and has gone through

4th Course - TASTYTRADE

Another crash course on options by tastytrade. Different strategies have been compared while some focus on trade management is also
TRADING , OPTIONSLEARNINGS
yogesh nanda
yogesh nanda
@yogeshnanda1
Some Free videos available on our channel for option leaning:
Subscribe to channel:
https://t.co/pzyd1ju3i9

1. Basics of Option Greeks
https://t.co/zCgZOYfh38

2. Basics of Open Interest [futures]
https://t.co/gBEA7rouxV

3. Option buying full

4. Data Analysis in Excel
https://t.co/yhWjhdbOMG

5. Understand Gamma Risk
https://t.co/DVhOBGPM19

6. Option buying setup - strike selection
https://t.co/mgQVYJu8te

7. Yogeeswar Pal live trading
https://t.co/mtIJU5VYUl

@jitendrajain @yogeeswarpal
OPTIONSLEARNINGS , ALL
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Sarang Sood
Sarang Sood
@SarangSood
10 mistakes in my 14 years of trading as an option seller 🧵

1. Staying neutral all the time. Majority of the years i have been a neutral option seller. I now realise that having a little sense of direction would have given me an added advantage with better utilisation of capital & also leverage (till the time it was available).

2. Too much importance on adjustments. Initially like most of the new option sellers, i had this notion that i can perfect my adjustment skills for any market conditions. Ofcourse i was wrong. Market is supreme & we need to respect it at times.

3. Not giving importance to greeks. For initial 6 years i didn't even know the existence of greeks. Since i started using them, option selling has become rather less complicated on the contrary of what most people believe.

4. Having too much confidence on the certainty of theta decay. Enough is said about it already. Theta decay is not an edge.
OPTIONSLEARNINGS , ALL
Aditya Todmal
Aditya Todmal
@AdityaTodmal
If you use it right, Iron Fly is the most solid risk-defined strategy in trading.

But most people don't know how to adjust the strategy when it goes wrong.

Here are 7 adjustments you can do to lower risk and increase profitability: 🧵

Collaborated with @niki_poojary

0/ Who is this for?

This will greatly benefit people who freeze when it comes to managing their trades and keep booking losses.

Some trade with too much fear as well when things go wrong.

Knowing these adjustments will give you the confidence to try to manage your trades.

Most of them are to lower risk on the side the market is going in.

Some adjustments even increase the profit potential and probabilities of the trade being in profit on expiry.

Let's begin by having a look at the adjustments.

Here is the adjustment number 1 below.

1/ Don't do anything till your breakeven arrives

One reason these strategies go wrong far too quickly is due to adjusting them too frequently.

You can escape most adjustments if you simply wait for the market to arrive at your breakeven.

This will work well in monthly options.

2/ Remove Risk from Untested Side

If you've taken an iron fly and the market has gone up you can shift your put buy upwards and lock the downside risk to potentially zero.

This way you've secured one side and just need to manage the bleeding side.
OPTIONSLEARNINGS , ALL , IRONFLY RISK MANAGEMENT
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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Sri Sanjeevi Rayar Temple located in Ayyangar Kulam,near Kanchipuram,TN

#Thread

Ancient but beautiful temple dedicated to Hanuman. This temple is a legendary one. According to the Sthala Puranam of Sanjeevi Rayar temple,it is associated with an episode from Ramayana.


Legend story -Hanuman was flying from Himalayas to Lanka bearing Sanjeevi hill to revive Lakshmana during battle between Rama& Ravana, a piece of the Sanjeevi Parvat fell at this place.Many believe this legendary story & even today that no one here dies of any kind of poisoning.

From historical background of the temple it is known that temple was originally built by a great scholar &administrator Kotikanyadanam Lakshmikumara Tatacharya. Temple itself&village were named following name of great scholar Tatacharya, who was then popularly known as Ayyangar.

He was the royal preceptor of Vijayanagara emperor Venkata Raya who had his capital at Chandragiri in AP.Upon returning from a pilgrimage,robbers tried to attack Tatacharya at this place. Being a great devotee of Hanuman,he instantly composed a poem in Sanskrit praising Hanuman.


The bandits immediately ran away &Tatacharya decided to build a temple dedicated to Anjaneya at that very place.This Sanskrit poem is called Hanumad Vimshati, has been inscribed in Grantha script inside this temple.The huge temple tank called Tatasamudram, in honor of Tatacharya.
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Loren Brichter
Loren Brichter
@lorenb
So it turns out that Google Chrome was making everything on my computer slow *even when it wasn’t running*, because it installs something called Keystone which is basically malware.

I made a website because this shouldn’t

Wired first reported on how bad Keystone was 11 years ago when they put it into Google Earth (they seem to put it in all their popular

The fact that Keystone hides itself in Activity Monitor is bizarre. (The only sign of it was excessive CPU usage of WindowServer which is a system process).

I don’t know if Google was doing something nefarious with Keystone, or a third party figured out how to (which Wired warned about). But either way, I’m not inclined to give Google-the-organization the benefit of the doubt (despite the many good people who work on Chrome)...

...since it's been a decade+ and this still hasn't been "fixed".

There is no reason for auto-update software to need to do what Chrome/Keystone was doing. It also has a long history of crashing Macs.
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Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
RISHI BHRINGI AND ARDHA-NAREESHWAR SHIVA

Rishi Bhringi was a devoted bhakt of Mahadev. However, in his devotion to Shiva, he ignored Mata Parvati.

Once, he visited Kailasha along with other Rishis. All the Rishis did parikrama of Shiva and Parvati both except Rishi Bhringi.


The same situation continued whenever Rishi Bhringi visited Kailasha. Mata Parvati decided to teach him that Shiva and Parvati are one and inseparable.
So on one such visit, Mata Parvati sat on the left lap of Mahadev when Rishi Bhringi came.


Seeing this, Rishi Bhringi took the form of a bee(some say bird) and did pradakshina/ parikrama only around Shiva’s head and ignored Ma Parvati.
Angered Mata took away the Shakti from his body. Rishi lost his blood and flesh and was left with a bare skeletal form.


Seeing him in such a situation where he was unable to support himself, Shiva granted a third leg to him.
Shiva then fused one half of his body with that of Ma Parvati and appeared as Ardha Nareeshwar.
Rishi Bhringi finally realised that Shiv and Shakti are one and the same.
🙏🏻
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Indian Quant
Indian Quant
@indian_quant
Nano Course On Python For Trading
==========================
Module 1

Python makes it very easy to analyze and visualize time series data when you’re a beginner. It's easier when you don't have to install python on your PC (that's why it's a nano course, you'll learn python...

... on the go). You will not be required to install python in your PC but you will be using an amazing python editor, Google Colab Visit https://t.co/EZt0agsdlV

This course is for anyone out there who is confused, frustrated, and just wants this python/finance thing to work!

In Module 1 of this Nano course, we will learn about :

# Using Google Colab
# Importing libraries
# Making a Random Time Series of Black Field Research Stock (fictional)

# Using Google Colab

Intro link is here on YT: https://t.co/MqMSDBaQri

Create a new Notebook at https://t.co/EZt0agsdlV and name it AnythingOfYourChoice.ipynb

You got your notebook ready and now the game is on!
You can add code in these cells and add as many cells as you want

# Importing Libraries

Imports are pretty standard, with a few exceptions.
For the most part, you can import your libraries by running the import.
Type this in the first cell you see. You need not worry about what each of these does, we will understand it later.
PYTHON , TRADE PYTHON , PYTHON TRADING
Richard James
Richard James
@RJSHutton
I think a plausible explanation is that whatever Corbyn says or does, his critics will denounce - no matter how much hypocrisy it necessitates.


Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel

He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:

He's wrong to prioritise Labour Party members over the public:

He's wrong to prioritise the public over Labour Party
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