Hi bro, I really like the way u r adjusting which is very practical but I hav one doubt regarding stop loss of adjustment trades what we take. Same 30 percent sl should b taken for that adjustment trades also please clarify... Because without stoploss we might b in ending huge losses when there are sudden moves either side
I have no words for this video...if u would have charged thousands of rupees ....i would be first one to give you...this has completely changed my psychology and trading.....i m not able to send you enough thanks for this video... lot of thanks..
Thank you!👍 Nice strategy👌 by Shifting basically we are trying to keep the straddle, delta neutral and by Counter we are rehedging our initial position at half delta of other leg ...i guess
Beautifully explained so much value you guys hatts off . Best youtube channel nd best people i feel so lucky i came across optionables coz the value you guys provide is immense compared to all the big players on youtube. Optionables to 500k soooonn!!
@@aghilsachin if you can't control your emotions that emotions costs us more in market. Which leads to loose more and more. So try to stick to basics with proper risk riward ratios.
Now a days I am hearing the option videos again just to refresh my basics like a podcast! I am for some reason becoming happy and excited when I hear the voice "Hi welcome to another video by optionables my name is Sakheet" :-D great job educating brother! thank you!
One advise so it would be useful for all the viewers. Use an excel sheet or tabular column values to show so its clean and understandable. One screenshot for each with adjustments and one without adjustments would give an easy picture of what is being discussed in the video. Overall its a good video. Can you please share how adjustments can be made for positional option trades. Appreciate the videos you guys are making.
Small correction in your calculation if you had not short CE CE SL hit @ 650 and 150 points loss PE from 400 went down to 370 and reversed to 450 means 50points loss So Total loss is 200points and not 110points By shorting CE at lower premium we gain 70 points and delta loss is 130points against actual of 200 points without CE shorting However good adjustment strategy for V shape trend 👍
Best free lesson on straddle/strangle adjustments. Rewind and play till you understand the logic. Counter when one SL is hit 30%, Counter with selling opposite option (losing side) 0.3 to 0.5 of winning premium when SL hit on losing side. Close when both premiums equal or 1.3 winning side premium. Shift when larger SL ( and mostly sure about market reversal ) and adjust when one side becomes 30%. Shift winning side closer by closing earlier winning position and monitor for original SL, while tracking 30% for winning side. Close both if Strangle becomes straddle (?)
Dear, I am new to options selling. I need your advice. As you suggested after one leg hit SL one should again sell in leg send equal to half the premium left in profiting leg. Can we buy call of half the premium which one is better. What I have experience is that if the market continue call will fall less and if reverse call will move fast. As I say I am new I request your suggestion.
Best and simple adjustment what I feel....book the loss when stop loss is triggered and create a completely new straddle there ......your small loss may get nullified by theta decay.....and always use weekly option selling.
This vidoe is given me more information with examples, which I am looking for and it has very good content. Thanks for sharing knowledge on options and looking for more from your team.
Thanks Saket... this video is as important (if not more) to ensure that your short straddle strategy works well.. Appreciate your effort! Thanks Optionables team.
Hello guys! Very good explanation.... I have few doubts please do reply when you are free... 1. If one SL hits we take counter position right? For this counter position always are we putting SL of 30% ? 2. If I kept SL for counter one with 30% and it also got hit.....so wat should I do with the remaining one leg? Leave it till day end with SL in system?
Good content, I am watching your videos last 3days,iam impressed. Can you please share some good books in options adjustment, if possible please create one video on books. Thanks 👍
Yes if possible please refer us one good book for options adjustments or u if u clearly create one file in the form PDF or someother else which u can, it will be more useful to us to develop our trading career.
1. When premium matches square off both legs or only adjusted leg? 2. And what if wait till breakeven and if breaches, then square off both with no profit-no loss ? Thanks in advance!
Hi in the case of short straddle how can we put stop loss. Means we are selling option put and call, buying them when PE hit 30%low and CE hit above 30%
Hi sir just a doubt. With the counter adjustments can we execute Trade at 9.20 and hold till 2.55? Coz theta decay will also be a positive advantage right?
Hi Saketh, thanks for the incredible video. I have a doubt regarding the counter adjustment. What is the logic behind selecting the counter position strike which has less than 50% of premium of the open position ? Thanks in advance.
a)At 12:54 you told u will short one option.Do u mean u will create one more straddle 33500 ce and 33500 pe? b)when to take a counter and shift trade?what are the pros and cons?
When you hit a SL take a Counter Bt if SL fails You go With the Shift Or If u see a Major disbalance go within your Premium go with Shift I'm still a Learner So plz correct me if I'm Wrong 🙂
Great Video Bro... I have a request for two parts... Please make video hedging Strategy for Bank nifty & Nifty options.. Also make video for pledging components and benefits...
Hi saket thanks for such helpful information I have a doubt in a counter adjustment can we do this adjustment in a intraday strategy where you showed to take short straddle at 1pm and close at 2:55pm
Hi Saketh, I back tested these adjustments. Going good. I have a doubt: After counter adjustment, the CE and PE gap will be more than 50 percent, but during shifts if the gap is that much as suggested I am shifting my positions, but here I just took the position, should I do the adjustment? If yes when?
Should we stick to counter or use both counter and shift? like you did in 27th May expiry. Please make one video on how long we should be in counter trade than start using shifting to manage risk.
Hello Brother , I have one questions. At what time in a day we see maximum thetha decay . Generally 10 am to 12.30 pm we do not see much move in the market. So if I build straddle everyday at 10 am ( with 30% stop loss) and exit at 12.30 will I be profitable in the long run ? I you can share some data around it it will be very helpful . Many Thanks Avik
I have the same thinking and tested this on the live market. But enter at 9:50 and exit at 12:00 sharply, If not any breakout level then carry till 12:30. Except for Friday and Monday. The rest of the days ended with very good profit.
Hi, at 16.50 , if market bounces back wildly and now upper side sL triggered ?? What will happen in that case ? Please reply coz you have not taken this case.. Also Please reply how much % SL you keep if you trade in morning around 9.30
For counter trade 33500 PE (pREMIUM 150) Whether we have put SL or not? If not how can we avoid sharp rise of market?? More over we should close trades immediately after getting some profits (Am i right?) or we should hold until 2.55pm? In shifting for 400 SL should be at 520 (30%) why we have to keep such a wide range SL?
Also one input from my side. When market opens in the Previous day range, it tends to be rangebound. When Gap up/Down, then trend is expected. It's the observation. Can you plz backtest and publish result. Asking bcz you must have system to backtest. In this case, our strangle and straddle will be more safer..
If a made a Bull call spread in Nifty with Max loss and profits,and if I carry till expiry what if the Market open gap down open ,I mena should I close same day or carry till expiry Pls help
in the counter method you gave an example of PE hitting SL and we initiated on more short on PE with premuim less than half of the Call premium. Say for example if CE SL hit also we need to follow the same steps, i,e choose a strike in Call with premuim less than half of the PE premium and short it ?
Nice video - thank you for the effort taken to explain. One question - when we short the PE once again for adjustment sake, you mentioned the premium of that PE must be 50%to 60% lower - can you clarify the logic in that approach please?
for the first trade of the day, should I consider PE & CE having the same values? If I don't know whether market will stay flat or go up or down, what should be my first trade of the day CE & PE premium be? can they be the same or should there be any differences?
Saketh please start off with taking positional trades than intraday With the new sebi margin requirement it is good idea for positional than intra Good luck to you
basically we are rolling positions to add more extrinsic value to the options not getting tested (or not hitting stop loss) and capturing the max theta decay, am I correct?
I have question in counter adjustment when stop loss hit on people side -150 pts loss book is ok but in third case if market reverse then how u calculate +130 points in ce side se are not book profit of pe side s/l triggered we take pe side position only can u pls explain
Hi sir....thanks for the video....quick question...in you example for cover adjustments when we short deep ITM PE with value once the SL for one leg is hit, what should be the new SL for the PE option? Also sir can you make an adjustments video on short strangle please?
We can use Counter SL or Shifting Method as per our wish right? It's optional. If we choose to use Counter SL, then after 30% SL it would be implemented and if we choose to implement Shift SL, then need to put a biggest SL to avoid spike or uncertainty and then have to Adjust as per rule described. Am I right Sir?
Nice tutorials to adjust Straddles and very practical and useful for Intraday traders who hv limited capital. Since there are many ways to adjust Straddles please give ur opinion on my style of adjustments i.e. I use 50% of Capital and short Straddles ( today morning shorted ATM 35,300 Straddles ) and when Bank Nifty broke below 35,200 and stayed there for some time I Shorted Straddles of 35200. When Bank Nifty fell below 35,100 I did Shifting ,squarred off 35300 Straddles and Shorted 35,100. Due to some urgent work I closed all my position with profits of Rs 18,200 (1.2% of total capital). If I had waited my profits would hv been doubled as there was sharp fall in IndVix and huge decay in Premiums after 3.00 p.m. . This week I made return of little over 2.5% of my captial. Earlier I used to short Strangles Intraday in Nifty only , after watching your videos I got courage and confidence to short Straddles in Bank Nifty. Thanks Saketh.
@@krishnakumart94 For Intraday only with yesterday's actual proces. After 9.30 using Basket Order sell Bank Nifty ATM Straddles say 35300 ( Total premium approx Rs. 1,020) by using ur 40 % capital say 10 lots . As soon as trade is executed place Stop Loss order not traditional way of 30% or 50% of premium received. As Bank Nifty is very volatile and Operators eat away premium by hitting S/L. My trick of S/L is Unique. I will not put Stop loss on the Strike price I shorted . I will place two Stop Loss orders on nearest Round Figure Strike of Straddles I sold i.e. 35000CE & 35500 PE. The First Stop Loss will be half the Quantity (5 lots) of prevailing price of 35,000 CE and 35500 PE plus Rs 400 and Second Stop Loss for remaining 5 lots at prevailing price of these CE and PE plus 600 points. The idea behind this unique Stop Loss is to get protected from traps laid by operator's. Many times we observed that within a minute Bank Nifty move up or down by 300-400 points and in next 3-4 minutes recover it. In traditional methods of S/L it will eat it S/L and M2M will show loss. However in my tricks if BNF fall it will hit First Stop Loss to buy 5 lots of ITM 35,000 PE. If market reverse I will square off this bought 35000 PE. In case downfall continue I will Short 10 more lots of Straddles of 35,100 and book profits in 5 lots of 35000 bought through S/L.if downtrend movements continues and my Second Stop Loss hit I will Shift 33300 Straddles to 33,000 after booking Profits in 35000 CE bought through hitting of S/L. Without fail I will keep protected by pkacing new Stop Loss orders and modify earlier. If stop loss is not hit and if BNF falls by about 150 - 200 points I will use another 40% of capital and Short 10 lots of 35200 Straddles or 35,100 Straddles and keep Stop Loss as above . Now I will hv Multistraddle of 35300 and 35200/35100 and keep ShiftingStrike price of Straddles after every 200 points movements of BNF . Hope u understand this explanations.
Thanks for creating such good content on your channel. I learn a lot. Can you please create a video on open interest analysis/option chain analysis? how does it help to analyze bnf/nifty direction?
Hi bro, I really like the way u r adjusting which is very practical but I hav one doubt regarding stop loss of adjustment trades what we take. Same 30 percent sl should b taken for that adjustment trades also please clarify... Because without stoploss we might b in ending huge losses when there are sudden moves either side
For shifting yes. For counter. Give when premiums match
@@optionables ok thanks for the reply bro...
@@optionables if we don't account for theta decay then squaring off when premiums match will result in a net loss. Am I right sir?
@@optionables you mean when the untested leg's current premium matches the counters current premium?
@@optionables could you please make one video to clarify this for both counter and shift?
May god bless, people who are not teaching for even lakhs you’re giving for free, thank you so much 🙏
Very true!!
One of the most genuine stock market youtuber....God bless you and your family forever
Really this is "service to the community" of traders... Valuable information, keep cruising
Thanks sir for the support
I like your smiling face while you start man..gives some positive vibes..
It is wonderful explained in youtube you are the first to give such information without charge god bless you
I have no words for this video...if u would have charged thousands of rupees ....i would be first one to give you...this has completely changed my psychology and trading.....i m not able to send you enough thanks for this video... lot of thanks..
I was able to book my first profit on Thursday & Friday because of you guys. Thank you so much for all the amazing work you have been doing.
Thank you!👍 Nice strategy👌 by Shifting basically we are trying to keep the straddle, delta neutral and by Counter we are rehedging our initial position at half delta of other leg ...i guess
Beautifully explained so much value you guys hatts off . Best youtube channel nd best people i feel so lucky i came across optionables coz the value you guys provide is immense compared to all the big players on youtube. Optionables to 500k soooonn!!
Hi guys a fake channel with our logo is replying to all the comments on the video please ignore
yes
Yes he replied on me 🙄🙄
Yes
👍
Discipline is more important rather than emotion...I like your discipline 👍
The reason y one can't be disciplined is becoz of the emotions..
@@aghilsachin if you can't control your emotions that emotions costs us more in market. Which leads to loose more and more. So try to stick to basics with proper risk riward ratios.
Now a days I am hearing the option videos again just to refresh my basics like a podcast! I am for some reason becoming happy and excited when I hear the voice "Hi welcome to another video by optionables my name is Sakheet" :-D great job educating brother! thank you!
You guys are so good, I feel like crying. I have been following you guys since you had 5k followers.
Beautifully explained. Really appreciate the effort you guys are putting in and giving it free of cost.
Thanks a ton
Sir phli bar koi shi teacher mila h options k liye india m
Excellent service of knowledge being provided...Appreciate.and Grattitudes.. . God bless ....
God bless you Sir.. Never seen such a person in my life
Thanks sir
i just the love the smile on your face ,, while saying hi, i'm saket..
Thank you bro, i don't make consistent profit with straddle. It will help me so much
One advise so it would be useful for all the viewers. Use an excel sheet or tabular column values to show so its clean and understandable. One screenshot for each with adjustments and one without adjustments would give an easy picture of what is being discussed in the video. Overall its a good video. Can you please share how adjustments can be made for positional option trades. Appreciate the videos you guys are making.
Small correction in your calculation if you had not short CE
CE SL hit @ 650 and 150 points loss
PE from 400 went down to 370 and reversed to 450 means 50points loss
So Total loss is 200points and not 110points
By shorting CE at lower premium we gain 70 points and delta loss is 130points against actual of 200 points without CE shorting
However good adjustment strategy for V shape trend 👍
Best free lesson on straddle/strangle adjustments. Rewind and play till you understand the logic.
Counter when one SL is hit 30%, Counter with selling opposite option (losing side) 0.3 to 0.5 of winning premium when SL hit on losing side. Close when both premiums equal or 1.3 winning side premium.
Shift when larger SL ( and mostly sure about market reversal ) and adjust when one side becomes 30%.
Shift winning side closer by closing earlier winning position and monitor for original SL, while tracking 30% for winning side. Close both if Strangle becomes straddle (?)
Thanks for sharing your knowledge.it would have been great if you explained witth *opstra option stimulator*
I had requested this video from u.. n thank u very much for sharing 👍..May God give u huge profits ahead..Keep sharing such videos...
Dear, I am new to options selling. I need your advice. As you suggested after one leg hit SL one should again sell in leg send equal to half the premium left in profiting leg. Can we buy call of half the premium which one is better. What I have experience is that if the market continue call will fall less and if reverse call will move fast. As I say I am new I request your suggestion.
Hai saket . Your video is very educate me
Best and simple adjustment what I feel....book the loss when stop loss is triggered and create a completely new straddle there ......your small loss may get nullified by theta decay.....and always use weekly option selling.
Very nice. Pls post more about adjustments. I started selling after seeing your videos.
Thanks Mr.Saketh for sharing invaluable knowledge with us.
This vidoe is given me more information with examples, which I am looking for and it has very good content. Thanks for sharing knowledge on options and looking for more from your team.
Saketh should we also keep stop loss of 30% even too the shifted premium also . I ur example RS.400 option strike.please reply
Thanks Saket... this video is as important (if not more) to ensure that your short straddle strategy works well.. Appreciate your effort! Thanks Optionables team.
Pure trading video not much of gyan for joining training. Thanks for sharing. Effective learning.👍
Do U advice this short sraadle or strangle for positional?
Do think iron condour is safer for beginners?
Hello guys! Very good explanation.... I have few doubts please do reply when you are free...
1. If one SL hits we take counter position right? For this counter position always are we putting SL of 30% ?
2. If I kept SL for counter one with 30% and it also got hit.....so wat should I do with the remaining one leg? Leave it till day end with SL in system?
No SL for new position
Good content, I am watching your videos last 3days,iam impressed. Can you please share some good books in options adjustment, if possible please create one video on books. Thanks 👍
Yes if possible please refer us one good book for options adjustments or u if u clearly create one file in the form PDF or someother else which u can, it will be more useful to us to develop our trading career.
Very informative adjustment in intraday so thank you very much and God bless you 🙏
Excellent way of teaching..
Good one! One query... do you also put 30% SL on the second counter option sold?
No sir
You square off when both premiums generally match
@@optionables Thanks
After Matching will you adjust more?
1. When premium matches square off both legs or only adjusted leg?
2. And what if wait till breakeven and if breaches, then square off both with no profit-no loss ?
Thanks in advance!
Hi in the case of short straddle how can we put stop loss. Means we are selling option put and call, buying them when PE hit 30%low and CE hit above 30%
Finally I learnt adjustment rules because of you. Very well explained.
here is the thing though he has assumed imaginarly option prices, in reality teh premiums would vary though right
Wonderful explanations.. Some charges 100 of thousands for the same info
This video is very helpful for me thank you so much
Adjustments clearly ecplained
God bless you
Hi saketh, my doubt is in counter one: if PE Stop loss hit and Market going to again down means why we take PE sell please clarify thanks
Such an important informative video,
Brielient knowledge and so much simplicity in explanation..👍👍👍
Hi sir just a doubt. With the counter adjustments can we execute Trade at 9.20 and hold till 2.55? Coz theta decay will also be a positive advantage right?
Hi Saketh, thanks for the incredible video. I have a doubt regarding the counter adjustment. What is the logic behind selecting the counter position strike which has less than 50% of premium of the open position ? Thanks in advance.
To Have the Room In between
a)At 12:54 you told u will short one option.Do u mean u will create one more straddle 33500 ce and 33500 pe?
b)when to take a counter and shift trade?what are the pros and cons?
When you hit a SL take a Counter
Bt if SL fails You go With the Shift
Or
If u see a Major disbalance go within your Premium go with Shift
I'm still a Learner
So plz correct me if I'm Wrong 🙂
Hi bro, how much imbalance is preferred in case of shift. Like what may be the ratio?
One of your best videos so far. Keep up the good work.
Nice idea for adjustment. Please advise what difference amount to be considered shfting which may vary to date to expiry.
Hi optionables
U explained shifting with strangle, is it possible for straddles?
Which adjustment do you like the most?
Great Video Bro...
I have a request for two parts...
Please make video hedging Strategy for Bank nifty & Nifty options..
Also make video for pledging components and benefits...
Can we backtest this adjustment?
Further if the market goes down more and more, shall we do counter again when counter leg SL gets triggered?
Thanks Saketh. Very detailed explanation on adjustment. Will wait for your Thursday trade.
Thank you Saketh for your effort to teach us these nuances 🙏🙏🙏
Thanks for the video Saket.. Very Informative and Insightful... Keep up the good work 👍
Hi saket thanks for such helpful information
I have a doubt in a counter adjustment can we do this adjustment in a intraday strategy where you showed to take short straddle at 1pm and close at 2:55pm
Thank you so much,
you explain complete adjustment in simple way. God bless you
Thank you sir
Means seriously.....great job guys.....
Excellent explanation, many thanks
Hi Saketh,
I back tested these adjustments. Going good. I have a doubt:
After counter adjustment, the CE and PE gap will be more than 50 percent, but during shifts if the gap is that much as suggested I am shifting my positions, but here I just took the position, should I do the adjustment? If yes when?
Should we stick to counter or use both counter and shift? like you did in 27th May expiry. Please make one video on how long we should be in counter trade than start using shifting to manage risk.
Hello Brother ,
I have one questions. At what time in a day we see maximum thetha decay . Generally 10 am to 12.30 pm we do not see much move in the market. So if I build straddle everyday at 10 am ( with 30% stop loss) and exit at 12.30 will I be profitable in the long run ? I you can share some data around it it will be very helpful .
Many Thanks
Avik
I have the same thinking and tested this on the live market. But enter at 9:50 and exit at 12:00 sharply, If not any breakout level then carry till 12:30. Except for Friday and Monday. The rest of the days ended with very good profit.
Hi, at 16.50 , if market bounces back wildly and now upper side sL triggered ??
What will happen in that case ? Please reply coz you have not taken this case..
Also Please reply how much % SL you keep if you trade in morning around 9.30
For counter trade 33500 PE (pREMIUM 150) Whether we have put SL or not? If not how can we avoid sharp rise of market?? More over we should close trades immediately after getting some profits (Am i right?) or we should hold until 2.55pm?
In shifting for 400 SL should be at 520 (30%) why we have to keep such a wide range SL?
In the counter method you took an exmple of straddle but the same method aplies to strangles as well right ?
How will you be profitable if you sell put when mkt going down in case of counter method? Are you exiting any position in straddle?
I think you exit initial put option position.. But it was not clear.
What's your opinion on far OTM that is weekly 1 to 1.5% profit I usually doing Nifty
Also one input from my side. When market opens in the Previous day range, it tends to be rangebound. When Gap up/Down, then trend is expected. It's the observation. Can you plz backtest and publish result. Asking bcz you must have system to backtest.
In this case, our strangle and straddle will be more safer..
If a made a Bull call spread in Nifty with Max loss and profits,and if I carry till expiry what if the Market open gap down open ,I mena should I close same day or carry till expiry
Pls help
Such a lovely video you have made, very informative. Thanks & please keep posting similar content.
We can do short shraddle on any day or it is for expiry only??
in the counter method you gave an example of PE hitting SL and we initiated on more short on PE with premuim less than half of the Call premium.
Say for example if CE SL hit also we need to follow the same steps, i,e choose a strike in Call with premuim less than half of the PE premium and short it ?
Thanks bro.. Please keep sharing your traders and importantly adjustments this will help us to learn option in a better way
When we do a shift adjustment, does the new strike price matter? or do we just adjust according to its current price?
Nice video - thank you for the effort taken to explain.
One question - when we short the PE once again for adjustment sake, you mentioned the premium of that PE must be 50%to 60% lower - can you clarify the logic in that approach please?
In adjustment we normally don't enter on same instrument when sl get hit
for the first trade of the day, should I consider PE & CE having the same values? If I don't know whether market will stay flat or go up or down, what should be my first trade of the day CE & PE premium be? can they be the same or should there be any differences?
Thank you for the much awaited video on adjustment… it was very useful
Thanks for posting this..I was the one asking for this for clearing and appreciate it effort..Thank u..
I have a question.
So with COUNTER method we are just converting the STRADDLE into a STRANGLE ? Correct ?
After counter adjustment do we need to put 30% stop loss on the new leg?
Acc to his explanation.. No ..
which adjustment is best
Can I start short straddle if both premiums at ATM have huge difference?
Saketh please start off with taking positional trades than intraday
With the new sebi margin requirement it is good idea for positional than intra
Good luck to you
is it necessary to select with equl premiums for short strangle ?
Do we have to put a stoploss in adjustments also?
basically we are rolling positions to add more extrinsic value to the options not getting tested (or not hitting stop loss) and capturing the max theta decay, am I correct?
I have question in counter adjustment when stop loss hit on people side -150 pts loss book is ok but in third case if market reverse then how u calculate +130 points in ce side se are not book profit of pe side s/l triggered we take pe side position only can u pls explain
excellent bro.....keep it up...god bless you always.....
Also please help us about trailing stop loss. Will you guys use this. ?
Sir, should there be a stop loss for counter position? If yes , how much?
Hi sir....thanks for the video....quick question...in you example for cover adjustments when we short deep ITM PE with value once the SL for one leg is hit, what should be the new SL for the PE option? Also sir can you make an adjustments video on short strangle please?
Wow .. gr8. Thanks for sharing the very useful information
We can use Counter SL or Shifting Method as per our wish right? It's optional.
If we choose to use Counter SL, then after 30% SL it would be implemented and if we choose to implement Shift SL, then need to put a biggest SL to avoid spike or uncertainty and then have to Adjust as per rule described. Am I right Sir?
Nice tutorials to adjust Straddles and very practical and useful for Intraday traders who hv limited capital. Since there are many ways to adjust Straddles please give ur opinion on my style of adjustments i.e. I use 50% of Capital and short Straddles ( today morning shorted ATM 35,300 Straddles ) and when Bank Nifty broke below 35,200 and stayed there for some time I Shorted Straddles of 35200. When Bank Nifty fell below 35,100 I did Shifting ,squarred off 35300 Straddles and Shorted 35,100. Due to some urgent work I closed all my position with profits of Rs 18,200 (1.2% of total capital). If I had waited my profits would hv been doubled as there was sharp fall in IndVix and huge decay in Premiums after 3.00 p.m. . This week I made return of little over 2.5% of my captial. Earlier I used to short Strangles Intraday in Nifty only , after watching your videos I got courage and confidence to short Straddles in Bank Nifty. Thanks Saketh.
@@krishnakumart94 For Intraday only with yesterday's actual proces. After 9.30 using Basket Order sell Bank Nifty ATM Straddles say 35300 ( Total premium approx Rs. 1,020) by using ur 40 % capital say 10 lots . As soon as trade is executed place Stop Loss order not traditional way of 30% or 50% of premium received. As Bank Nifty is very volatile and Operators eat away premium by hitting S/L. My trick of S/L is Unique. I will not put Stop loss on the Strike price I shorted . I will place two Stop Loss orders on nearest Round Figure Strike of Straddles I sold i.e. 35000CE & 35500 PE. The First Stop Loss will be half the Quantity (5 lots) of prevailing price of 35,000 CE and 35500 PE plus Rs 400 and Second Stop Loss for remaining 5 lots at prevailing price of these CE and PE plus 600 points. The idea behind this unique Stop Loss is to get protected from traps laid by operator's. Many times we observed that within a minute Bank Nifty move up or down by 300-400 points and in next 3-4 minutes recover it. In traditional methods of S/L it will eat it S/L and M2M will show loss. However in my tricks if BNF fall it will hit First Stop Loss to buy 5 lots of ITM 35,000 PE. If market reverse I will square off this bought 35000 PE. In case downfall continue I will Short 10 more lots of Straddles of 35,100 and book profits in 5 lots of 35000 bought through S/L.if downtrend movements continues and my Second Stop Loss hit I will Shift 33300 Straddles to 33,000 after booking Profits in 35000 CE bought through hitting of S/L. Without fail I will keep protected by pkacing new Stop Loss orders and modify earlier.
If stop loss is not hit and if BNF falls by about 150 - 200 points I will use another 40% of capital and Short 10 lots of 35200 Straddles or 35,100 Straddles and keep Stop Loss as above . Now I will hv Multistraddle of 35300 and 35200/35100 and keep ShiftingStrike price of Straddles after every 200 points movements of BNF . Hope u understand this explanations.
Thanks for creating such good content on your channel. I learn a lot. Can you please create a video on open interest analysis/option chain analysis? how does it help to analyze bnf/nifty direction?