Here is the detailed information of about strategy,
Entry time : 9.30 - 10
Exit : Upto you
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
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
• 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.
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%
This is for educational purpose, I am not responsible for your profit or loss. Take your own decision 🙏🏼
Pardon my English 😀
Happy trading 😇
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I attended Mitesh Bhai’s workshop approx. 2.5years ago and post that atleast for the next 6 months, I was just observing other members trades in our group as I was not an option seller to begin with.
Thereafter I started slowly, just by 1 lot in Nifty & Bank Nifty option selling, along with future trades that I used to do.
Slowly and steadily I started learning option selling and my focus was always to lose small whenever the trade goes against me
Thereafter as and when my confidence started increasing, I increased the qty, i.e. from 1 lot to 2 lot thereafter 3 lots , thereafter 5 lots and so on. While doing this I was getting better and confident and I realized I was better in Nifty
hence I thought I would focus completely on Nifty and then I stopped trading in any other instrument i.e stock future and BNF
I wanted to focus only on Nifty and strived to be the best in that instrument. This is my journey in option selling which started after Mitesh workshop
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How to adjust a short strangle position. I might follow it up with couple of simulation videos if there is enough interest/motivation.
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
1. Let's start option selling learning.— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
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
Few are selling 20-25 Rs positional option selling course.— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
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
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
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
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