Intraday Strangle Option Selling Strategy
"Smart Option Selling "
๐งต THREAD [MUST READ ] ๐งต
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How to ๐ฏ๐๐ถ๐น๐ฑ/๐ฏ๐ฎ๐ฐ๐ธ๐๐ฒ๐๐ a strategy ?
๐ธ Idea/Hypothesis
๐ธ Specify entry,exit, SL
๐ธ Position Sizing and Risk Mgt.
๐ธ Trade log and Backtest Report
๐ธ Test in diff. market conditions
๐ธ Optimise the strategy
๐ธ Track Real Time
๐ธ performance Deploy
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What is Closest Premium Range ?
Closest Premium is a strategy where we select options not based on strikes like ( ATM , OTM 100 OTM 200 etc) but rather based on premium values like 200 , 300 etc
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๐ธ If select Closest Premium near 100 then this will be approx 600-700 points OTM on Friday ,300 Points Otm on Wednesday but Atm on Expiry day
๐ธ So This is good for capturing decay on other days as we are selecting far away options and coming near Atm on Expiry
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๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ญ:ย ๐ต:๐ฏ๐ฌ ๐๐บ ๐ฎ๐ฌ๐ฌ ๐๐ฃ๐ฅ๐ธ Time : ย 9:30 AM
๐ธ Instrument : Banknifty
๐ธ Strike : Nearest to 200 Rs be it any Strike price
๐ธ Stoploss : 40% Per leg, SL move to Cost
๐ธ Exit : 3:00pm or Stoploss
๐ธ Days :Everday except thursday
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