"Intraday Banknifty Strangle based on OI data"
(System already shared, today just share few examples)
-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.
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
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
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
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
More from Jig's Patel
Short straddle is non-directional strategy
Selling same strike price CALL/PUT option same underlying with same expiry.
Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.
*RETWEET for max response
Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.
Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.
You can sell straddle as per your market view.
If you are natural view sell CE and PE at ATM strike.
Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.
In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%
If market staying near at 14350 then win. Probability increase slowly. Rewards also increase slowly.
Volatility(IV) is also play important role in selling straddle, Like If IV increase so straddle premium increase and IV cool off so premium casually comes down.
Short straddle adjustment:
https://t.co/59Lr64kEtK way to limit the overnight risk.
Convert short straddle in Ironfly, its nothing we have to add long strangle in short straddle it become Ironfly. It gives the good Risk Rewards.
The purpose is simple to capture overnight theta decay,
Generally, ppl sell ATM straddle with hedge or sell naked options,
But I am using Today’s price action for selling options in STBT,
Its work on both index (Nifty, BNF) as well some standard stock but i used only for Index on every day and Last 10 days monthly expiry i do in stocks only specific,
It’s purely STBT type’s trade sell today and buy tomorrow kind,
Let’s start the strategy,
Every day at 3:15 PM, Open Nifty or BNF chart in daily TF.
See the last candle formation only; we take trade always based on the last candle formation
If Red Bearish candle formation, Mark the high and low of that candle
High 35979, Low 35667. (16th July)
Based on this candle we simply sell credit call spared (Sell 36000 CE and Buy 36300CE) you can make the difference between two calls 300 or 400 as per your risk,
Bullish strong candle
High 35238 and low 34922 (5th July) (Refer the image)
Based on this candle we sell credit put spread (Sell 34900 Put and buy 34600 put)
(System trading on Expiry)
Triple straddle is one of the best and accurate methods for expiry day
If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.
Sell straddle 15700(ATM), 15650(ATM-50), 15750 (ATM+50)
Stoploss of 80% on every leg and run your trade till 3 PM
Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)
Trading timing at 9:20 the Morning
More from Optionslearnings
Basic rule for day trading in option buying for beginners.
1) Stick to monthly atm options.
2) Suppose u have a capital of Rs 5 lacs. Your max risk appetite is 1% which is 5k. Assume u look at BNF chart and find a buy setup at 35000 ...
with a stop of 34900 ( 100 point difference). This essentially means that the 35000 atm options will have a stop of Rs 200 ( delta 0.5) assuming all other things are equal. So the number of lots U should typically deal with based on 1% Risk on 5 lacs capital ...
is 5000 / 200, which is 25 , ie 1 lot. If your risk appetite is 2%, then u are allowed to take 50, ie 2 lots. Hence if option price is say, Rs 400, ur stop will be 200 and u have to deal with one lot which means your deployment is 25 x 400 = Rs 10,000....
On the contrary if you deploy the full amount, 500000/(25x400) = 1250 , 50 lots, u r bound to lose the capital at the shortest possible time.
3) This might appear ridiculous, but this is the only way to go steady with control over risk.
Option stop difference is Rs 50 and not Rs 200 as mentioned. Simple calculation overlooked. Accordingly number of lots will increase . However concept remains unchanged.
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Let's take a look at his "explanation" (I won't call it an "apology" since that implies genuine repentance and a good faith effort to do something to fix the actual problem at hand but okay)… Link here or in the pictures below https://t.co/1unwQueOIA
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Welcome to the party, Josh. We figured you weren't coming.
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The famous \u201cLucy\u201d, an early ancestor of modern humans (Australopithecus) that lived 3.2 million years ago, and was discovered in 1974 in Ethiopia, displayed in the national museum in Addis Ababa \U0001f1ea\U0001f1f9 pic.twitter.com/N3oWqk1SW2— Patrick Chovanec (@prchovanec) November 9, 2018
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