Please check discription of youtube, there is Google drive link i leave excercise file and rtd tweak file there.
Some good questions as well will back with answer thanks. 👍🙏
working fine from my end. u need to update bhavcopy everyday eod. thats it now. exercise file in google drive.
2 modification done and available in drive box. 50/200dema new layout and now alert added who trading near day high or day low u will see at high low column.
Ppl made even with first video, self option chain which i will explain in second vid. Nice to see.
Added additional features:
Trading near high/low signal
My fav listed down and added.
Most active via Avg. Volume comparision
Gap% and sustaining
Trading more than ATR value
EOD snap, wat a day for bank nifty component; huge move. most active hdfcbk.
Banknifty Open=Low but at end only Indus survive whole day open=low.
Mixed view: so many bank stocks trading above previous day high but 3 script close near day low- hdfcbk, banknifty and sbin.
Most stock remain gapup. heavy weight dont doing gud so bnf lag overall.
Tomorrow will be next video release on this series. any query kindly post will try to answer.
Thanks
Option Chain via Fyersone going live now.
Link to excel.
So we prepared yesterday this sheet, also answer queries of previous comment.
also thanks 4 ur feedback.
who think bullish must keep eye on 35.5k pcr and its changes and who bearish keep eye on 35k pcr. nothing else to do.
who talk about oi cross over its same thing pcr above or below 1 and giving 500-1k for this every month charges for it. LoL
Thanks 4 many lovely comments, which boost my energy level and to do more 4 you. Next one more interesting coming...
Stay tuned 👍🙏
So many asking for which broker etc. Questions.
I will suggest go with any small broker who provide nest terminal, best option to link rtd. Fast and easy to changes code.
Please shoot ur Questions, so will cover too in upcoming video.
How to import data from website (Option Chain), Creating Bar Chart, Part IV
Thanks everyone who liked videos and comments. Ur love inspired me to give some of my knowledge always to you back. Quantity doesn't matter to me.
So many ppl sent dm and texted who successfully done the job. Happy to see few but dedicated ppl doing well with few videos. 👍🙏
Next week video coming, how to record data in Excel through macros according ur timeframe for advanced level formatting and custom calc.
New vid in series of custom dashboard.
How many of u interested?
Case Study of Mine Mindtree Earning trade 1. Started with 1:3 Call ratio of 4k credit approx. 2. In dip volume missing so converted to 1:2 yesterday. 3. after morning gap when ORB trigger converted into butterfly. 4. Also took CSP sell OTM put. (optional)
Overall stop 3k holding.
without CSP.
Trade started with following things in mind, liquidity on put side poor unlike call side really good liquidity also looks good vol short trade but high beta stock and as per chart and data wise choose to sell R2.
Risk Free Projection (RFP) Ver. 2.0
RFP basically a way where we can reduce/remove our losses from position but it can be only possible by time and profit running only. This is also subpart of Time-Warp option strategy. Lets explore in detail
1. Locking Profit
When your long call/put position already in profit then simple buy hedge (convert to spread). this addon make spread formation where ur loss almost offset. advice only do when 50% premium gain and view still sideways to directional.
2. Moving Leg
When you have spread and already running profit. you can even move your any leg closure and this will make almost risk free. cons- theta of position reduced; so profit potential going down with this move.
LPT vs HPT
One thing commonly I see in new commers they focus a lot on high probability of trade, for that they try to be prefer big range for trading from start. As static edge of most occurance of winning with you no doubt.
Even I go sometimes HPT strategy but after learning a lot found this is also kind of myth to pick big range. So let's start and sharing my experience about it.
Both hv own pros and cons. Both good as well.
1. Low probability of trade: generally hv low probability of profit (POP), but as per risk reward (RR) very good trade but also enough credit to manage with various scenarios easily. Here edge is not statics but your trade management skills.
If you are intraday trader or swing trader then there are some location where you should focus, these area price action most important as it's give high probability trades and good risk reward.
Most of Intraday system works around them even simple to complex.
You should always mark these zone in your chart. 1. Previous day High, Low and Close (PDH, PDL & PDC). 2. High and Low formation of current Day. 3. Major Swing High and Low. 4. Vwap Closing (or HVN high volume node of yesterday). 5. Big Round Number. 6. First hour Range 7. VWAP
1. Always stay sideways 2 bullish above PDC, if script sustain above PDH then Bullish. Basic Trend following system if price not stuck in Range. U can adopt simple system. 2. Current Day high/low mostly keep testing & form double top/bottom which either break with vol. Or fail.
Setup and roll written already in first pic bottom.
Simple math 2x0.75 delta - 0.5delta = approx 1delta which is future delta. Payoff diagram posting below.
For adjustment:
In profit side: Once in Profit u can lock profit of one long leg and position will convert risk free projection or sell otm call like covered call when view changing.
In loss side: if view unchanged roll down position or sell additional atm so its become spread.
I hv seen ppl telling subjective about firsy 15 days buy Option last 15 days sell option etc.
This is actually not a proper way of doing.
Implied Volatility (IV)
Historical volatility (HV).
When IV less than HV go for buying option
When IV greater than HV go for selling
For iv observation keep tracking any Option related websites.
But my simple suggestions dont do it complex simply use spread. Its reduced theta and iv issues almost and also easy to adjust.
For adjustment see Long call repair article tree.
Now spread also hv 2 types either credit or debit one. If ur view sideways to Directional better go credit one. If u r looking purely directional then debit is best.
Note: otm credit hv big risk than Reward but otm debit spread hv low risk setup in Option Strategy. #option