My views and plans on Trading any expiry day summed ahead

This will be a long thread, because there are many tiny details about expiry trading which might help you in future. Overall markets are the best teacher and there is no substitute to practical learning

Here we go 🧵🧵

Most of you might know that I'm primarily a directional trader and I'm fine with both options buying and selling depending on market conditions such as Vix, Day, Momentum and overall our positioning in the market structure. I am a strong believer of hedging (Not margin benefit)

1] So I start my Expiry day planning on a Wednesday eve where based on market closing you can have a fair amount of idea where we are headed, I do this analysis on the hourly charts, due to less noise and higher precision for day trading.

This gives an idea of where we are positioned in the market.

2] Next I base my analysis on 3 scenarios, either flat opening, gap up or gap down opening, which kind of opening will affect which market participant the most (Buyer/seller basis). This ensures that I am prepared for

all possible scenarios the next day.

3] Thursday morning, I am all set as per opening, now in the first half I prefer selling options by making credit spreads, this gives me some leverage and I have my orders punched by 9:20. I prefer selling ATM or most of the times mild ITM