BC EXPIRY TRADING STRATEGY
Saved by @idilipkori

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
options since I plan directional trades. Also as an expiry day trader you should know when momentum kicks in, its usually the first hour followed by a rangebound move till 12:30-1:00 pm and then some liquidity hunting followed by a trending move in second half.
4] By 10:15 at the close of hourly candle you'll know which side we're headed by a fair amount and your options would have decayed well as well, this is the time where I slowly book profits and start trailing my stops. Btw I keep an SL of hardly 10-15 points in option selling
This is very much possible provided you are initiating trades at the right place. I'm fine taking Sl 2-3 times since the premiums I'm selling are usually in the range of 80-90 Rs (In Nifty). This keeps Risk reward in my favor.
5] Another point is to understand risk and be ready for any changes, being dynamic is the only holy grail in this market.

6] Next up I look out for FnO stocks showing strength and index heavy weights. This gives you an idea of what is the scope of movement in them.
This will help you estimate the move possible in index on that day in second half. Now that most positions are trailed, I wait for second half if there is a range breakout to buy options.

7] Now that you've booked some gains already, I always ensure that the sizing
which I have in option buying can never take the profits which I've already made, in short I take a risk on my intraday gains, also option buying trades have a similar 10-15 point SL and it usually should not hit if market is in momentum else if it hits a sideways move is seen.
8] The understanding of IV, Vix and option pricing will take you a long way in understanding how premiums are discounted or are at par or in slight premium at different times of the day. This is something which you need to realise at a personal level by trading many expiry days
and observing them, I'd highly recommend you all to go through all the live trading videos of @BandiShreyas since that'll help you get a grasp of this. It'll help you understand the pricing really well.

9] I never wait for my sold options to go to 0 with full qty.
As soon as 70-75% of my sold premiums are captured I book 75% of my positions leaving the rest 25% with stops of cost & trail them as per vwap eventually.

Understanding your risk is really important and those who are going to start option trading, I'd encourage them to learn
about options and observe markets for a while then start with 1-2 lots to actually get the hang of things before scaling up. Wed/Thu are best days for option selling in my view.

I hope this thread helped, you might share it with friends who are new into options if you like it❤️

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Sri Gurubhyo Namah.
Some tweets on Adi Shankaracharya and in particular the Guru Parampara of @sringerimath. [I had done this series earlier 5 years ago on account of Shishya Sweekaram].


Adi Shankara established the Sringeri Peetham as the 1st of 4 amnaaya peetams.

The four being
1. Sarada Peetam at Sringeri.
2. Govardhana Peetam at Puri
3. Kalika at Dwaraka
4. Jyothir at Badarikashramam.

He installed his 4 most prominent shishyas as heads of the peetams.

Sureshwaracharya was assigned to Sringeri as its head.

Sringeri is a corruption of Rshyashrunga giri.

Rshyashrunga maharshi [and his father Sri Vibandhaka Maharshi] did their tapas at this place.

It is at Sringeri that Shankara spent 12 of His precious 32 years!!

That gives you and idea how much He loved this place.

Rshyashruga maharshi had a horn on his forehead, a result of being born to a deer. His mere presence was enough to shower rains!!

Rshyashrunga was one who led Putrakamesthi Yaagam of Dasaratha Maharaj and which resulted in Sri Rama's birth!!
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Anshul Pandey
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@Anshulspiritual
TYPES OF SINS(PAAP) AS PER SKAND PURAN.

There are three types of Adharma- Sthool, Sukshma and Ati Sukshma. The group of Sins in the Sthul section carries you to Narak. These sins are committed through your thoughts, words and deeds.


It is of four types.

1)First is the sin committed by your mental state-
Thinking about woman other then your spouse.

A)Resolution to amass wealth from others.

B)Thinking ill about others.

C)Thinking of doing a forbidden or unworthy deed.

2)Second is the sin that you commit through your words :-

A)Talking irrelevant things.

B)Telling a lie.

C)Speaking harshly.

D)Talking ill about others.

3)Third type of sin is committed through your body actions-

A)Eating food not prescribed to you or forbidden.

B)Violence.

C)Eating fancier food.

D)Acquiring other's wealth.

So these twelve types of sins.

There are six types of sinners or Mahapatak

1)One not bowing his head in front of a temple.

2)Never praise Shiva.

3)People who behave untowardly way in front of Ishwar.

4)People who do not show respect to Ishwar, guru or one who are undignified.

5)One who do not behave properly.

6)One who is jealous of other bhakts.

Below is the list of sins which people may commit.

1)One who does not help a needy person or a person in pain,
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@SimonDeDeo
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Mitesh Patel
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
BNF , MPATELOPTIONSLEARNINGS , OPTIONSLEARNING