Bandi Shreyas Options Intraday

• Only Intraday Option Seller
  • Advantage, Peaceful sleep at night.
  • Looking forward to volatility as it gives more edge.
  • Daily fresh outlook.
• Take high win probability trade in intraday.
• Delta : Rough probability the particular strike is At the money at the time of expiry.
• Edge comes from Risk to Reward Ratio. Selling don’t have edge. Selling just have more probability of winning.
• When you win you will big. When you lose lose less.
• 3 Things analyse
  • Chart
  • OI
  • Price

Chart Analysis

1. Go to Chart (ZERODHA)
   1. Past 10 Days, Closer date more important. ( Check panic lows also )
   2. Mark 4 Ranges ( Support & Resistance )
   3. Sell Above or Below the middle two lines. ( Because higher delta closer ATM )
      • 
2. Check OI
   • 
   • Check Intraday OI ( OI vs Strike ) - Put OI Strong then people thing down side is limited.
   • Check Historical OI - Find point of maximum congestion
     • point where there is Maximum PUT & CALL OI.
     • market has tendency to move towards this.
     • Check for the bar size. Who is first @ risk ?
3. Pricing of Risk
   • Add PE & CE price of the chosen strike price. eg: 17,000 strike & ₹250 sum of CE & PE.
   • Add & Subtract ₹250 from 17,000. 16750-17250. This is range @ which it is trading.
   • Current price should be below “Avg Price” to Short (Sell).
   • 

• Make sure what you are selling is at least 1 Strike away from the range. ie Minimum 16700-17300.
• Aim to be in a position that today itself make money.
• Best time of the entry is Morning, after three 5 minutes candle. (15 Minutes)
• Check ( Ideal if the same price for both CE & PE, points may be away differently )
• Strangle is a bullish to sideway strategy. So equidistant make money if market goes up.
• People are afraid on put side.
• I don’t trade on Monday. Because…
  • Monday don’t get much decay.
  • US markets have not opened yet.
  • Monday keep small target.
• If the call didn’t work. Take the loss & Close that call and follow the price, shortening the width towards put.
• Roll Down.
• Keep premium equal ( almost).
• Since not close to expiry keep more distance..
• Bring the winning leg closer.
• Push the losing leg farther.
• In current IV,
  • On Thursday closing next expiry, or Friday Opening ATM CE+PE = 270 to 280.
  • On Monday : 250-260
  • on Tuesday : 200-220
  • on Wednesday : 170-180
  • on Thursday closing: 140-100
• If it doesn’t make money, Run away.
• Strict Stop loss.
• Wednesday & Thursday make good amount of money, as it is going to zero people sell off.

• Shreyas Buys Stocks & sell CE options.

• Shreyas says he is always in control of his investments.
• Takes only as much loss as intended.
• Never hold overnight positions without hedge.

🏷️Tags : #Investments💷/Options-Trading🎛️ #🧔Bandi-Shreyas

📅 Sunday, April 24, 2022 (01:17 PM) - Created