What is best way to sell strangle in Banknifty on an intraday basis
Simple
at 9:45 Open Option chain and check In which strike highest OI change in call side and put side
Sell both option with combine SL
Enjoy easy and simple intraday trading strategy
Today 35000CE and 34500PE
More from Jig's Patel
Short straddle is non-directional strategy
Selling same strike price CALL/PUT option same underlying with same expiry.
Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.
(1/n)
*RETWEET for max response
Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.
Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.
You can sell straddle as per your market view.
If you are natural view sell CE and PE at ATM strike.
(2/n)
Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.
In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%
(3/n)
If market staying near at 14350 then win. Probability increase slowly. Rewards also increase slowly.
Volatility(IV) is also play important role in selling straddle, Like If IV increase so straddle premium increase and IV cool off so premium casually comes down.
(4/n)
Short straddle adjustment:
https://t.co/59Lr64kEtK way to limit the overnight risk.
Convert short straddle in Ironfly, its nothing we have to add long strangle in short straddle it become Ironfly. It gives the good Risk Rewards.
(5/n)
More from Optionslearnings
Some knowledgeable tweets/threads by me...
I will keep adding to this thread over time
Starting with:
1. Option Synthetics Explained
2. Best free Data website - Icici Direct
3. Per order vs Per lot brokerage
4. Best youtube channel - Power of Stocks
A thread on Option Synthetics
1. Increase your returns
2. Margin requirements/costs are less
3. Save on STT/other charges
4. Develop a better understanding of
A THREAD ON OPTIONS SYNTHETICS, LONG READ:
— Aditya Todmal (@AdityaTodmal) August 16, 2020
With synthetics you can increase your returns as the margin requirements/costs are less. Everyone wanting to become a top trader needs to know this and get their concepts cleared because many people don't know what they're doing
(1/11)
Best free website to get Data from - ICICI DIRECT
Advantages:
1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being
Best FREE website for FNO Heatmap - ICICI DIRECThttps://t.co/honvUA9lmx
— Aditya Todmal (@AdityaTodmal) January 24, 2021
Advantages:
1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.
(1/5) pic.twitter.com/Pvk8i8EfIT
PER ORDER Vs PER LOT brokerage
Which one is better?
Read the thread to know why one is clearly better than the
PER ORDER Vs PER LOT brokerage
— Aditya Todmal (@AdityaTodmal) May 23, 2021
Which one is better?
Read the thread to know why one is clearly better than the other.
A THREAD ...
Finally, Check out Subhasish Pani Channel - Power of Stocks
My favorite Youtuber from the trading community without a doubt.
Spend your weekend learning from his channel.
The best YouTuber I have ever seen from the trading industry.
— Aditya Todmal (@AdityaTodmal) January 23, 2021
Power of Stocks - Subhasish Pani
Guys do go over his daily analysis videos to become better.
1. Superb logics
2. Great Risk Reward
3. Consistency
4. Prepared for all scenarioshttps://t.co/I5wGmwIYUq