A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

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Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

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Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

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Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

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Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

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Step 5: Repeat the process across multiple stocks

1. The probability of all stocks giving you loss will be very very low. So the more stocks you do this in the higher chances of profit.

This whole process functions just like a wheel.

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Step 6: Best person to follow?

The best person to follow in my opinion is Ranjit Sir for this strategy. He regularly shares his positions on telegram and YouTube for everyone to see and makes very good ROI per month doing only this strategy.

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Step 7: Where to follow?

1. His twitter - Take a look at Ranjit Mohanty (@myranjit): https://t.co/HG3gll9qX7

2. Telegram - Search for "ranjitoptions"

3. YouTube - https://t.co/i4DmhzhvDN

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Step 8: Other Youtubers who do this

In the Money Channel -

https://t.co/HTheljbskt

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Money with Mason -

Talks about dividend investing and option wheel trading

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https://t.co/22bo1ipOth
Justin Talks money -

Makes 3% per month just doing the option wheel strategy.

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https://t.co/X3AwvJiERw
These resources should be more than enough for you to execute this strategy by yourself and know what to do if stuck.

Good luck to everyone for regular income through this strategy.

______________________________
THE END

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More from Aditya Todmal

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.
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


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


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
Google Chrome has over 137,000 extensions.

But 95% of Traders are unaware of the best extensions for trading.

10 Google Chrome Extensions that will accelerate your trading ( all free ): 🧵

Collaborated with @niki_poojary

1. Pulse by Zerodha

Latest financial and market news from all major Indian news sources are aggregated in one place.

🔗
https://t.co/jQ5Lu1P1r3


2. Full Width Zerodha Kite Trading Platform

This extension will make your Zerodha kite trading app full-width for large-screen desktops and laptops.

Also adding some tweaks will help you stay more focused on trading.

🔗 https://t.co/HSmVxLxPNv


3. Zerodha Scrip Plus

Zerodha fullscreen trading with brokerage calculator and analysis options

- Brokerage Calculator
- Full screen trading
- Marketwatch and Holdings scrips analysis

🔗 https://t.co/ZOmAcvamRh


4. Jarvis - Zerodha Trading helper

Jarvis helps in managing your risk by giving you a consistency of pre-determined stop loss % and risk per trade.

Once you set these values in the plugin then it automatically sets the quantity of the trade.

🔗 https://t.co/qn2MvDkCdR

More from Trading

FREE MINI STOCK MBA
If you wish to learn abt trading,psychology,options,business etc
You can go through this thread.
Other than this I do post videos on my YT channel : -Abhishek Kar & Tradiostation
-Intraday views on FREE telegram : Abhishek Kar Official
RT will be appreciated

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https://t.co/wabkek43I8

2. https://t.co/OIDenHKdWN

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https://t.co/37d1pygp7P

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https://t.co/jSUb1lSGbQ

5.Effects of margin change on


6. Exciting story about a trader who destroyed a Bank
https://t.co/CsEEhIsD3q

7. Some Thought Provoking facts about stock markets
https://t.co/IjxpX5Wx24

8. A dose on Trading and investing


9. Top 5 resources to learn everything about stocks
https://t.co/6KnIySBGIG

10. Some Pro Tips on Trading
https://t.co/EiSGikt7jv

11. Wisdom on stuffs you should not do
https://t.co/bI2dH0XTSS

12. Reasons why you are losing the


13. The DARK side of stock market
https://t.co/qsteGcbquI

14. Stocks where you should NOT invest
https://t.co/2tD5q0K3UQ

15. Lessons from MILLIONAIRE trader
https://t.co/Pec6LmUtGa

16. Lessons from my

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