Thread by @Singh7575

Options Trading Online Workshop:- Day 2 of 2🥳🥳🥳

yesterday we evaluated Daily Pivots and R1 n S1

"FOR POSITIONAL ONLY'

Evaluate weekly pivots by taking note of previous week high,low and close
Formula's shared earlier

(1/n)

Setup1 :- after evaluating R1 S1
Condition1 :- price of underlying should be between R1 and S1
Condition2:- options to be used is weekly expires of indexes
Condition3:- your( position size/ margin used) should not be more than 40%of your account size.

(2/n)

If Condition1 is met choose the strikes on Monday morning and strike for call should be nearest to R1 and put strike should be nearest S1

For eg R1/S1 of nifty in weekly is 11764 /11563 respectively

Now strike to be used is 11750ce and 11550pe
(3/n)

Action to be taken is to sell this strangle only if u have satisfy abv three conditions.

Means on Monday till Thursday u will be having strangle short of R1 n S1

(4/n)

If market gets trending
Either way
How to exit this position

If u have a daily close abv R1 or below S1, greater than 30points in case of R1 and less than30points from S1

Exit the position around market close.
(5/n)

SETUP2:- NOTE the weekly pivot

And sell ATM STRADDLE nearest to the Pivot point

In current scenario nifty Pivot is at11660

So a straddle of 11650 could be sold on Monday or even near Friday closing with minimum premium of 150 total

Exit for this setup is same as (5)
(6/n)

Setup3:-

Like weekly even monthly pivots can be calculated

For that u have to take prev month(high low and close)

Only Condition2 changes
U have to take monthly strikes instead of weekly
Rest all is same
Setup1 n 2 are applicable here as well.

(7/n)

Day 2 of workshop ends
Hope u guys enjoyed your time and each of your penny was worth spending

Good luck

Will announce my next online twitter workshop after the response on my debut workshop given here

🤣🤣🤣