A thread on ๐‡๐จ๐ฐ ๐“๐จ ๐€๐๐ฃ๐ฎ๐ฌ๐ญ ๐š ๐’๐ญ๐ซ๐š๐๐๐ฅ๐ž

1/n

1. First of all one should know when to do a straddle, ideally when premiums are good and view is ๐ฌ๐ข๐๐ž๐ฐ๐š๐ฒ๐ฌ or when you are not expecting a huge trend.

2. When you do place a straddle, you will have good premiums so you will be covered for a good amount of move.

2/n
3. Find your breakevens, and ideally delta should also be neutral.

4. Do not adjust until your BEP is breached or the delta exceeds (+/-)40, whatever happens first, generally delta limit will breach first.

5. When delta reached lets say -40 it means you have to roll puts.

3/n
6. Just book profits in the current short put and roll put up by matching the premiums, delta should again be close to neutral but one can choose to have a little -ve delta since if there is mean reversion, PEs will spike.

7. This means you will be going Inverted(Short ITM)

4/n
8. Keep repeating the same process until expiry OR till either one option reaches 100 delta which will mean that you basically are short/long one future lot.

9. As soon as any option reaches 100 delta, just book the straddle be it in loss or profit, dont adjust at all.

5/n
10. While doing this keep in mind a loss limit(1-2% of cap), just get out if loss gets out of hand. "You cant play if you dont have chips"

11. If you want a video explanation check this Hindi video out on my YouTube channel
https://t.co/dO0XkuVtWG

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Complete Backtest and Indicator link

๐Ÿงต A Thread ๐Ÿงต

๐—ฆ๐—ฒ๐˜๐˜‚๐—ฝ:
๐Ÿ”ธ Monthly Option Buying
๐Ÿ”ธ 50 ema on 3 min timeframe
๐Ÿ”ธ Supertrend 10 , 3
๐Ÿ”ธ Chart : Banknifty , Nifty Futures as we backtested on futures
๐Ÿ”ธ Entry 9:20 to 3:00
๐Ÿ”ธ Max 3 Entries per day
๐Ÿ”ธ Premium nearest to 200 Rs only

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Why Monthly Option buying ?
๐Ÿ”ธ Less theta decay compared to weekly options
๐Ÿ”ธ Less Volatility
๐Ÿ”ธ Supertrend and MA Settings
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๐Ÿ”ธ Indicator Link
๐Ÿ”ธ Click on the below ๐˜ญ๐˜ช๐˜ฏ๐˜ฌ -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ต๐˜ฐ ๐˜๐˜ข๐˜ท๐˜ฐ๐˜ถ๐˜ณ๐˜ช๐˜ต๐˜ฆ๐˜ด -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜Š๐˜ฉ๐˜ข๐˜ณ๐˜ต from favourites and start using it !

๐Ÿ”ธ
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๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด๐˜€ :
๐Ÿ”ธ Max 6 Trades per day ( Both CE and PE buy)
๐Ÿ”ธ Timings 9:20 am to 3:00 pm
๐Ÿ”ธ Supertrend : 10,3
๐Ÿ”ธ Moving Average 50 ema
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8 March 1679 - The date on which 300 saffron clad warriors gave their life to protect temples from mugal army. Threadโžก๏ธ
Aurangzeb's huge army, which was adorned with artillery, elephant and horses, under the leadership of Commander Darab Khan had marched to punish the ruler of/1


Khandela Raja Bahadur Singh, who became a rebel due to the anti-Hindu policies of Aurangzeb, and to destroy the temples of Shekhawati. Bahadur Singh to compete with such a large army, vacated Khandela for the purpose of conducting guerilla warfare and went Kot Sakrai /2

located in the inaccessible hills of Sakrai. People of Khandela also vacated Khandela and hid in nearby villages.

But some Shekhawat warriors did not like this as they knew that the royal army would not leave a single temple located in Shekhawati unbroken./3

so soon the teams of self-sacrificing Dharma-protectors Shekhawat heroes started reaching Khandela to protect the Dev temples.

Sujan Singh Shekhawat, the young thakur of Chhapoli, was coming back from his wedding when he heard about the imperial army from Shepherds./4

เคเคฟเคฐเคฎเฅ€เคฐ เคเคฟเคฐเคฎเคฟเคฐ เคฎเฅ‡เคนเคพ เคฌเคฐเคธเฅ‡,เคฎเฅ‹เคฐเคพเค‚ เค›เคคเคฐเฅ€ เค›เคพเคˆ |
เค•เฅเคฒ เคฎเฅ‡เค‚ เคนเฅˆ เคคเฅ‹ เค†เคต เคธเฅเคœเคพเคฃ, เคซเฅ‹เคœ เคฆเฅ‡เคตเคฐเฅ‡ เค†เคˆ ||

if you are born in your glorious clan, then come, the army have come to destroy temple. /5