THREAD: What is Golden Crescent and Golden Triangle and how it impacts India?
Golden Crescent region of South Asia - comprises of Afghanistan, Iran, and Pakistan - which is a principal global site for opium production and distribution.
- Its proximity to Indo-Pak border has worsened the trafficking of hashish and heroin into Indian soil
- Trafficking happens through the border states of J&K, Punjab, Rajasthan and Gujarat.
- Myanmar-Northeast nexus is recognized by NCB as the root of heroin & chemical drugs
- Myanmar produces 80% of heroin produced in world
- Due to increased surveillance & frequent crackdowns on cartels in various part of SE Asian countries, India has been chosen by drug smugglers as the exit gateway
- Diverse topography, high mountains, rivers, dense rainforests provides numerous hideouts to the smugglers, and security forces cannot respond to criminal
- Also, rising nexus between the local ethnic insurgent groups & criminals across the border have developed into a potent threat of narco-terrorism that challenges India’s national security.
Narco-terrorism has not only developed a social security threat for India, but also dragged attentions of global communities, since trade happens in hard cash, & it becomes very difficult for security agencies
- Influx of narco-trade money leads to laundering, inflation, corruption, which not only causes terr0rism, political instability but also deter FDI.
- Assam CM @himantabiswa drove a road roller on 1000s of bottles of illegal cough syrups. The CM also set fire to seized drugs worth crores in an event.
- About 2.8% of Indians aged 10-75 years (3.1 crore individuals) are current users of any cannabis product, which is predominantly men.
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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
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.
1/n
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
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
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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