(5 major banks 🏦 - #hdfcbank #icicibank #kotakbank #sbi #axisbank)
Option selling strategy thread 🧵
*Capital must be above 6lac
*Target only banknifty (weekly expiry)
* Target 1/2% per week
* combine premium should above 100
Two types of strategy normally i use
⚡ directional
⚡Non directional (strangle)
(5 major banks 🏦 - #hdfcbank #icicibank #kotakbank #sbi #axisbank)
Then mark swing low of #banknifty & start selling 200 points down strike puts and add more at support line.
If swing support broken then exit.
(Trending upmove)
Mark it's swing high & start selling its 200 points above call .
If swing resistance broken then exit .
Selling 200 points above calls of resistance zone & selling 200 points below puts of support zone.
When ever support & resistance break exit position .
& if range is far more away you can also select range in 2 hours chart .
70% of time #banknifty is range bound
I m sharing it very simply so that everyone could understand option selling easily.
@Mitesh_Engr
@AdityaTodmal
