A thread about STBT options selling,

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,

(1/n)

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,

(2/n)
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

(3/n)
Case 1:
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,
Case 2:
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)
Case 3:

Doji candle

High 35580, Low 35231 (28th June) - Rfere the image

Based on this we sell strangle 200 points away from the high and low (sell 35800 CE and sell 35000 put)
If Doji formation on Wednesday then we will sell the high and low strike of that day because 200 points away in Wednesday are very less premium.
Case 4:

Pin bar candle formation in any side

High 35005 and low 34374 (14th June) - refer image

In this case you can sell naked put(sell 34300 put) or credit put spread (Sell 34300 put and buy 34000 put)
High 36646 low 35529 (5th Feb)

In this case you can sell naked 36600 CE or credit call spread (sell 36600CE and buy 36900CE)
It’s worth reading for you

If you like this STBT options selling approach kindly RETWEET for appreciation

Thank you so much,

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

As committed here goes the 2nd "Inside Candle" strategy:-

Queries can be posted on comments, video will take some time to come.

Want market influence to circulate it to reach max audiences.

@DillikiBiili @AnilSinghvi_ @anilbalaji11 @bankniftydoctor @brahmesh https://t.co/SmCZMMkBzV


Inside Candle Trading statergy

*15mints min time frame & more
*whenever you see 2nd(baby)candle
is forming inside of 1st(mother)candle
draw high and low of 1st(mother)candle and
take entry which side 3rd candle breaks
*stop loss - 1.someone can put sl at baby candle low

2.someone can put sl at mother candle low(both works)
*entry - 3rd candle breaking mother candle
*target - 1x2x3x of your risk

#candles could be any colour

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