Thread on
"Intraday Banknifty Strangle based on OI data"

(System already shared, today just share few examples)
(1/n)

-Trade timing after 9:45

-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side

-We will sell both strikes with combined premium as SL on both legs.
(2/n)
28th June 2021

BN open-35440
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection 35500 CE- 35000 PE
(3/n)
29th June 2021

BN open-35323

At 9:45 trading at 35112

Highest OI in call side at 35300 CE and 35000 at put side

Strike selection 35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
(4/n)
30th June 2021

BN open-35030

At 9:45 trading at 35002

Highest OI in call side at 35000 CE and 35000 at put side

Strike selection 35000 CE(176)- 35000 PE(213) Combined premium 389 , Both legs SL 389
(5/n)
01st July 2021

BN open-34832

At 9:45 trading at 34831

Highest OI in call side at 35000 CE and 34500 PE

Strike selection 35000 CE (42)- 34500 PE (23), Combined premium 66 , Both legs SL 66
(6/n)
02nd July 2021

BN open-34790

At 9:45 trading at 34740

Highest OI in call side at 35000 CE and 34500 PE

Strike selection 35000 CE (196)- 34500 PE (225) Combined premium 421 , Both legs SL 421
(n/n)

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

Tata Consumer too

There u have 30 now

Stick to these only !!!!


I keep getting msgs from ppl stuck in other stocks.

Just yday, someone asked abt Mindtree.

he shorted a CE and then when he wanted to cover,
the spread was 70 / 92 !!!

How many have faced such a problem?

Please add to this thread with actual examples

stock / strike price and rate

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.