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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)
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)
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)
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
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)
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
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)
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
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)
Day 1 ends

Will continue with day 2 for options positional tomorrow.
😜
Sorry for correction here use R1/s1 instead of R2/S2
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