In this thread, I'll walk you through my set up, absorb it as much as you can.
The instrument that I trade in are Nifty (NF) options
Thanks to @AdityaTodmal @niki_poojary for contributing in making this

How to set your charts:
Lets try to understand what to sell when 50EMA, VWAP & RSI works in different scenarios
What options to sell and how to place the SL
Important to have a birds eye view when trading in NF options as many stocks influences its movement
Why Previous Day Low (PDL), Previous Day High (PDH) & Pivots (standard) matters
Another element that I look at is Change in Open Interest (OI)
No matter how perfectly you time your entries and exits, without Risk Management one cannot minimize the negative consequences of the trade
Now apply this in your trading with proper risk management and don't undermine the role of practice, and try to get a hang of this set up

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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

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