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Subhadip Nandy Profile picture
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18 Jul, 5 tweets, 1 min read
Tomorrow we should see extreme volatility given the ongoing newsflow
ndtv.com/india-news/40-…
before pouncing on the ndtv link, learn to do some basic research, else you won't survive long in the markets. See washington post and this :
By tomorrow morning all twitter traders will be heavily short since Friday, but I have two sizable long positions and zero shorts :
1. Nifty 16000-16150CE ratio spread
2. HDFCBANK 1520-1560 backspread

Will update what happens :)
Did a quick check, have another trade running though in a small volume.
The 16k straddle on Dec21 expiry 😃

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More from @SubhadipNandy16

Subhadip Nandy Profile picture
20 Jul
I had this theory that if #Bitcoin went below $30k , this time it probably won't go up again. Let's see
1. I had earlier posted a distribution analysis for bitcoin
2. Traders have been primed by the price action of the past few months where it goes below $30k on weekends and then bounces back. This dip should see heavy accumulation from retail and thus a perfect distribution point
If this is not distribution, I don't know what is. If I were trading this, would have shorted below $29k with a stop at $31k and then progressively trailed stops Image
Read 8 tweets
Subhadip Nandy Profile picture
20 Jul
BNF
NF
One can have any view looking at anything. Question is, do you trade your view ?
Read 9 tweets
Subhadip Nandy Profile picture
20 Jul
Spread initiated at 2.60, now at 6. A loss of 3.40 per lot. Waiting with the spread, no adjustments as of now
#hcltech
Loss as of now is approx Rs.2300 per lot
If this loss crosses 10k, will sqoff the position and book losses. Else will wait.
Read 4 tweets
Subhadip Nandy Profile picture
19 Jul
The lines win :) Image
Day's job done 😋 ImageImage
MFI reached 3 within the bar, extreme oversold. So sold 15800PE Image
Read 5 tweets
Subhadip Nandy Profile picture
19 Jul
Results trading is one of the biggest plays on options markets worldwide. The theory goes like this :
Before results, IVs shoot up as both bulls and bears buy options expecting a major move in their chosen direction.
Now, it has been a proven theory that IVs "generally" overstate the actual move that happens post results. This has given rise to the famous results trades for options sellers where the sell straddles or strangles in order to capture the volatility crush post results.
Their trades are based on a higher POP per trade but less absolute profits per trade. Some results obviously are totally against any market expectations and the stock makes a huge move. This gives a major delta loss as well as sometimes when IV goes up, also a vega loss whammy.
Read 12 tweets
Subhadip Nandy Profile picture
17 Jul
Received a lot of queries on this as majority of the view that "IV generally drops post results", so any long vega strategy will lead to a loss and it's better to sell straddles/strangles.

I know that options selling to capture IV crush is a worldwide strategy :)
But what none of the responses have seemed to remember that there is also "generally" a vol expansion before results, generally starts 10 days before results declaration or earlier.
Look what happened to HDFCBANK IVs this time
Simple question : If there has been no vol expansion, can there be a further vol crush ?
Answer can be yes or no, both things possible. But the probabilities favour zero or minimal vol crush. Also remember, the theory of vol crush post results are "generally" , not a surety.
Read 9 tweets

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