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Options Trading Online Workshop:- Day 1 of 2 😋
TOTALLY FOR INTRADAY
Evaluate pivots for indexes Like Nifty and Bankifty
Formulas for Pivots
PP =(H+L+C)/3 (ALL VALUES FROM PREV DAY)
R1 = (PP*2)-L
S1 = (PP*2)-H
R2 =PP + (H-L)
S2 = PP - (H-L)
(1/n)
TOTALLY FOR INTRADAY
Evaluate pivots for indexes Like Nifty and Bankifty
Formulas for Pivots
PP =(H+L+C)/3 (ALL VALUES FROM PREV DAY)
R1 = (PP*2)-L
S1 = (PP*2)-H
R2 =PP + (H-L)
S2 = PP - (H-L)
(1/n)
Setup 1:-
If price at R2 buy the at the money call when at R2 and sell ratio spread of 1:3
Today banknifty R2 is 30455
When price reaches near 30455
Simply buy 30400 call X qty and sell 30600call 3x qty
Vice versa for S2
(2/n)
If price at R2 buy the at the money call when at R2 and sell ratio spread of 1:3
Today banknifty R2 is 30455
When price reaches near 30455
Simply buy 30400 call X qty and sell 30600call 3x qty
Vice versa for S2
(2/n)
What to do when this position goes against u
Against will be when price continue to rise and comes at 30600
Book 30400ce and book loss in 1 lot of 30600PE
Now here u will be left with 30600ce 2x only
Now u have to sell 30600pe 2x
Hold this position till eod
(3/n)
Against will be when price continue to rise and comes at 30600
Book 30400ce and book loss in 1 lot of 30600PE
Now here u will be left with 30600ce 2x only
Now u have to sell 30600pe 2x
Hold this position till eod
(3/n)
Setup 2:-
If price at R1 buy ATM call x and sell premium equivalent to premium bought
Example 30300 is R1 today assuming premium of 30300ce is 150 now find a strike which is above 80 but less than 100 say that is 30500ce
So here buy 30300ce 1x and sell 305002x
Same for S1
4/n
If price at R1 buy ATM call x and sell premium equivalent to premium bought
Example 30300 is R1 today assuming premium of 30300ce is 150 now find a strike which is above 80 but less than 100 say that is 30500ce
So here buy 30300ce 1x and sell 305002x
Same for S1
4/n
Now here in setup 2 if positions again starts rising till 30500
Book the 30300call and book loss in 1lot of 30500ce and sell put of 30500 1lot
The position is now a straddle of 30500
Hold till eod
(5/n)
Book the 30300call and book loss in 1lot of 30500ce and sell put of 30500 1lot
The position is now a straddle of 30500
Hold till eod
(5/n)
Setup 3 :- Note the value of R1 and S1
Find the median of r1 and S1,
R1 is 30284 and S1 is 29823
Diff here is 461
Divide the diff by 2 =230.5
And add to S1 or subtract from R1
The price comes around 30053
Now here is the point when u act
Sell 30300ce n 29800pe strangle
6/n
Find the median of r1 and S1,
R1 is 30284 and S1 is 29823
Diff here is 461
Divide the diff by 2 =230.5
And add to S1 or subtract from R1
The price comes around 30053
Now here is the point when u act
Sell 30300ce n 29800pe strangle
6/n
Whenever u see price crossing R1 or S1 and price sustains for more than 15mins abv R1 OR below S1
Exit the positions.
(7/n)
Exit the positions.
(7/n)
Setup 4:- when the price opens within a range of 50points to the pivot,
Aggression can be shown even if the range is more than 50 or 200 points also
Sell a straddle of the strike which is nearest to pivot
Like today's pivot is 30000
Aggression can be shown even if the range is more than 50 or 200 points also
Sell a straddle of the strike which is nearest to pivot
Like today's pivot is 30000
Setup 4 Contd..
So here 30000 straddle is choosen
Now when to exit
Exit only if price sustains more than 15mins abv R1 or below S1
(9/n)
So here 30000 straddle is choosen
Now when to exit
Exit only if price sustains more than 15mins abv R1 or below S1
(9/n)
Day 1 ends
Will continue with day 2 for options positional tomorrow.
😜
Will continue with day 2 for options positional tomorrow.
😜
Sorry for correction here use R1/s1 instead of R2/S2
