Low VIX & low premium. Movement is like 20 VIX now.
Now skilled trader will earn.

No follow up selling after 13:15 hrs 3 min Red candle.

Now we are back to middle in bank nifty for last week of August expiry.
Bias will be negative. Bullish only above 36000 level now.
First support 35200
S2 : 34600

Next week to sell below 34600 put in beginning of week and above 36300 call.

Looking at the SGX nifty bank nifty can open negative and high chance to break first support. In this case sell only call at resistance level. Put sell only if we will back to 35500 again.

Now after reaching 34850 BN is now at 35100.
We can sell now weekly 34500/400/300 and below put against call.

Position size in trading.
Google for credit and debit spread.

This is only for single stock. You can keep rest capital in different stocks also.
Remember probability of all stocks going against you by 10% is very very less.

A THREAD:

BEST OPTIONS STRATEGY FOR CONSISTENT INCOME -

OPTIONS WHEEL STRATEGY

Everything to know about this strategy I'm posting in this thread.

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Step 1: Stock Selection

1. For this strategy you're going to have to choose some stocks that you think will be doing well in the future/long term.

2. Stock must be in an uptrend.

3. Stock options should be liquid enough to trade in.

4. List of stocks attached

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Step 2: Which option to sell?

1. Sell put at a support according to charts.

2. Sell put at a strike far away from the spot where you think the probability of the stock falling will be very very low.

3. Sell put at a price where you're willing to buy the stock at.

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Step 3: What to do when in profit/loss?

1. If in profit you can just roll up the puts thereby increasing the ROI or shift to other stocks to make more profit.

2. If in loss take delivery of the shares equivalent to the lot size in cash market.

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Step 4: What to do after taking the delivery?

1. Sell calls to lower your cost price of the stock. For eg, you took delivery of Reliance at 1900, sell 2100 CE which is about 10% away.

2. Keep doing this till your CE expires ITM and then give delivery of your stock away

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How to avoid blowing up your account trading OPTIONS
(A thread)

1. Becoming consistently profitable trading OPTIONS takes practice and discipline.

2. Trading Options is similar to trading stock, YOU are in control of your profits per movement (up or down) in the underlying.

3. Buying a CALL- You pay a Premium price based on the STRIKE price you choose. With a call you get paid when the stock moves up

4. Buying a PUT- You pay a premium price based on the STRIKE price you chose. With PUTS you get paid when the underlying stock price goes down

5. Premium price goes up when the trade moves in your favor (call betting upside, put betting downside movement)
6. The goal is to buy a premium and resell it for a higher premium when the trade works
7. Like basic stock trading, you want to scale in and out of your position

9. People see cheap premium and tend to pick those, not knowing in reality they are risking more!
10. Don’t let the premium price dictate which strike you chose.. the higher the premium, the less risk/ volatility that trade will see!

11. When day trading options, you are essentially trading DELTA
12. Delta is what your premium will pay per dollar movement in underlying.
Ex. Delta .5 pays 50c per dollar movement in underlying
So if original cost =50$ premium,
1$ move up in underlying pays .50 or 100% trade

The logic of Directional and Non Directional Option selling is explained in Video.
Please take Efforts to watch this

Quick Options Breakdown

1.Earliest expiry OuttheMoney: Biggest Payout Biggest Risk

2.Earliest expiry IntheMoney:
Big Payout Medium Risk

3. Further expiry OuttheMoney:
Lower Payout Lower Risk

4. Further expiry IntheMoney:
Lowest Payout Lowest Risk

Swings: Buy low IV ✅