Just create a Short Straddle/Iron Condor 100 points away in Nifty on expiry day.
For eg. if Nifty Spot is at 17610, then short 17700 CE and 17500 PE.
Iron Condor can be taken by buying 300 points away hedge.
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Last strategy is my favourite.
Just create a Short Straddle/Iron Condor 100 points away in Nifty on expiry day.
For eg. if Nifty Spot is at 17610, then short 17700 CE and 17500 PE.
Iron Condor can be taken by buying 300 points away hedge.
1. Exit all the Position if any of the options become ATM or near to that. For this, an alert at upper and lower levels can be placed.
2. If the above condition is not executed, then close the position manually by 3:15 PM.
Stoploss was kept as 17450/17750 after considering the premium that we collected from shorting.
https://t.co/X6kSbjqX5U
Taking this Intraday trade for today's expiry
— Yash Mehta (@YMehta_) February 2, 2023
Selling Nifty 17700 CE and Nifty 17500 PE
One can hedge it by buying OTM options to reduce margin or can go naked selling.
Stoploss: 17450/17750
Combined Premium of selling is 43 points pic.twitter.com/ga3hIoVTPC
Trading these two indices is bit difficult as they are very volatile and can give wild swings during intraday and especially on expiry days.
Here again Short Straddle or Iron Condor can be created at 9:16 AM but with some variation.
We will take short straddle at 50 points away. For eg. if Nifty is trading at 17610 then 17650 CE and 17550 PE will be shorted.
Stoplosses:
Exit any leg if premium of any options position goes up by 50%. Other leg to keep as it is with same stoploss rule.
If any position is open at 3:15 PM, then manually exit it during the closing.
It is the powerful indicator that is used widely by the traders. Also, it is freely available in Tradingview and in many broker's chart also.
It has various application and also it gives good reversal trade in Index options.
If CPR is moving up for the next day, then the trend is up. If CPR is moving down for the next day, then the trend is down.
Some examples for both:
In the below chart of Nifty (5 mins), CPR is moving down and price is also in downtrend.
One can use higher time frame charts as well to find out long term or short-term trend.
If CPR is narrow, then it is expected that there would be a good one-sided trend. If CPR is broad, then it is expected that there would be a consolidation or sideway move.
Wide CPR was formed and price was in consolidation for intraday. This was a good day to eat premium in options because of theta decay.
When narrow CPR was formed, then one-sided move was seen.
You have to add CPR Indicator on Spot Chart of Nifty. Time frame should be 5 mins.
1. If Nifty has opened a gap up and above CPR, then wait for it to retrace towards the CPR region.
2. Once, it forms any reversal candle like hammer/doji or strong bullish candle, then Near ATM Puts can be shorted.
3. Stoploss will be a 5 mins close below CPR.
As seen from Nifty chart, CPR was tested after gap up opening and we have seen upmove in Nifty after that.
A simple Put Short would have given decent profit in this case.
Also, OTM Puts can be bought for hedging.
1. If Nifty has opened a gap down and below CPR, then wait for it to retrace towards the CPR.
2. Once, it forms any reversal candle like or strong bearish candle, then Near ATM Calls can be shorted.
3. Stoploss will be a 5 mins close above CPR.
As seen from Nifty chart, CPR was tested after gap down opening and we have seen downmove in Nifty after that.
A simple Call Short would have given decent profit in this case.
Also, OTM Calls can be bought for hedging.
1. VWAP can be used for trailing in Index Futures or Option Charts.
2. Simple Price Action: If higher highs is getting formed, then can be exited.
Risk:Reward here will be highly favourable as it is a reversal setup.
Follow this simple rules here:
1. Close position at any cost if Stoploss is hit as first loss booked will always be less.
3. Don't average losing trades and sit on hopes for recovery.
Stoplosses will hit, but it is part of the trading. So accept it and move on to the next opportunity.
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More from Yash Mehta
In the early stage, most of the traders & investors use indicators in their analysis.
Here is a master thread of how most of the indicators can be used in trading/investing to increase accuracy for free🧵:
Also, the last indicator and strategy is my favourite of all in trading.
1/ Moving Average is a very common indicator.
This thread is on what are the different ways of using the moving average
2/ RSI is one of the momentum indicator for traders.
In this thread, I have shared different ways of using RSI. Also, an investing strategy is shared, which can help you to pick stocks that can give you good
3/ CCI is another amazing indicator that is used by momentum traders.
Shared few strategies with CCI which a trader and investor both can
4/ CPR is one of the most popular indicator in the trading community.
This thread covers everything about the CPR indicator and how to use this indicator in
Here is a master thread of how most of the indicators can be used in trading/investing to increase accuracy for free🧵:
Also, the last indicator and strategy is my favourite of all in trading.
1/ Moving Average is a very common indicator.
This thread is on what are the different ways of using the moving average
Moving Averages is a common indicator which most of us (novice/professional) use in the stock market for trading and investment.
— Yash Mehta (@YMehta_) October 11, 2021
This learning thread would be on
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Like\U0001f44d & Retweet\U0001f504 for wider reach and more such learning thread.
1/10
2/ RSI is one of the momentum indicator for traders.
In this thread, I have shared different ways of using RSI. Also, an investing strategy is shared, which can help you to pick stocks that can give you good
#RSI is a common indicator which most of us use in the stock market.
— Yash Mehta (@YMehta_) October 22, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d64d\U0001d64e\U0001d644"
Like\U0001f44d & Retweet\U0001f504 for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using RSI in the end.
1/16
3/ CCI is another amazing indicator that is used by momentum traders.
Shared few strategies with CCI which a trader and investor both can
#CCI is an indicator which is used in the #stockmarket
— Yash Mehta (@YMehta_) February 26, 2022
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d63e\U0001d63e\U0001d644"
Also, an investment strategy and trading strategy is shared
If you appreciate this, a Like & Retweet will go a long way in maximizing the reach of this tweet\u2665\ufe0f
1/19
4/ CPR is one of the most popular indicator in the trading community.
This thread covers everything about the CPR indicator and how to use this indicator in
#CPR is an indicator which is used for #Intraday in Stock Market.
— Yash Mehta (@YMehta_) November 19, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d63e\U0001d64b\U0001d64d"
Like\u2764\ufe0f& Retweet\U0001f501for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using CPR in the end.
1/24
Stock Screeners is an integral part of doing homework post market hours.
Most of us use screeners to filter buzzing stocks out of 1000+ stock and it saves lot of times.
Here is the list of top screeners:
Also, last screener is one of my favourite to pick early momentum stocks.
1/ Volume Buzzer:
This can be used on daily time frame and it identifies all the stocks where volume action was very
2/ Bullish Divergence:
This screener will help you find all the stocks that has given bullish divergence. Traders who like to trade reversal stocks that are in downtrend can use this screener. This can be used at the end of the
3/ Bearish Divergence:
This screener will help you find all the stocks that has given bearish divergence. Traders who like to trade reversal stocks that are in uptrend can use this screener. This can be used at the end of the
4/ Nimblr F2F:
This screener was designed from @Deishma F2F video:
https://t.co/apaQYVbAlq
This screener helps in identifying momentum and indecisive candles on daily time
Most of us use screeners to filter buzzing stocks out of 1000+ stock and it saves lot of times.
Here is the list of top screeners:
Also, last screener is one of my favourite to pick early momentum stocks.
1/ Volume Buzzer:
This can be used on daily time frame and it identifies all the stocks where volume action was very
2/ Bullish Divergence:
This screener will help you find all the stocks that has given bullish divergence. Traders who like to trade reversal stocks that are in downtrend can use this screener. This can be used at the end of the
3/ Bearish Divergence:
This screener will help you find all the stocks that has given bearish divergence. Traders who like to trade reversal stocks that are in uptrend can use this screener. This can be used at the end of the
4/ Nimblr F2F:
This screener was designed from @Deishma F2F video:
https://t.co/apaQYVbAlq
This screener helps in identifying momentum and indecisive candles on daily time
So many free content available on Option trading, still very few are able to trade in options successfully.
Here is a master thread that will help a beginner to learn about Options Trading.
A complete course worth Rs 50K for free 🧵:
1/ Zerodha Varsity: Options Theory for Professional Trading
This book will give you a basic understanding of options works and what all thing impacts
2/ Zerodha Varsity: Option Strategies
This book has covered basic option strategies that a trader can use.
Still if you can't read this books then in the next part, summary of most of these things is
3/ Options Greeks:
A detailed thread on basics of Option Greeks and how it impacts Options
4/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
Here is a master thread that will help a beginner to learn about Options Trading.
A complete course worth Rs 50K for free 🧵:
1/ Zerodha Varsity: Options Theory for Professional Trading
This book will give you a basic understanding of options works and what all thing impacts
2/ Zerodha Varsity: Option Strategies
This book has covered basic option strategies that a trader can use.
Still if you can't read this books then in the next part, summary of most of these things is
3/ Options Greeks:
A detailed thread on basics of Option Greeks and how it impacts Options
There are various Options Greeks like: Delta, Gamma, Vega, Rho, Theta.
— Yash Mehta (@YMehta_) September 4, 2022
A complete guide on how these #Option Greeks impact option price.
4/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
Option trading is tough as there are many strategies based on different market view.
— Yash Mehta (@YMehta_) September 30, 2022
Sharing 6 basic Option Strategies for free that you can use based on different market view (sold as a \u20b9 25,000 course!).
A thread \U0001f9f5:
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