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Pran Katariya Profile picture
@KatariyaPran
Oct 2, 2021 • 8 tweets • 2 min read • Read on X
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Have invested in many companies which are a play on the growth in the real estate industry. Astral, APL Apollo, Polycab, KEI, Asian and Berger Paints etc. One area I seem to have missed out on is Home Finance.
Canfin Homes is looking like a good candidate at around 670. Strong stock with sound balance sheet to exploit growth opportunities. Even better it enjoys excellent premiums in Options. Plan to jump in with small qty and sell an ATM Straddle at around 85-90.
Bought Stock at 678 and sold a 680 Straddle for 90
That was fast! Will shift the 680 Straddle to 700 if the Price crosses 710. Image
Relative Strength. Canfin Homes outperforming Nifty 200 which is outperforming Nifty 50 Image
Oops! Wrong comparison. Canfin Homes is not in Nifty 200 but in Nifty 500. But the picture is very similar Image
Rolled up the 680 Straddle to 700 at virtually no cost. Image
Sold a 660PE for 17. Image

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More from @KatariyaPran

Pran Katariya Profile picture
Nov 28, 2022
Wow! The moral police seems to be out in full force today! We had a person who almost became PM justify rape by saying 'Ladkon se aisi chhoti galtiyan kabhi kabhi ho jaati hain.' It was a statement made in the heat of the moment in a political rally and was in terrible taste
But after the initial uproar, people saw it as such and while I do not recall whether the Politician apologized, it didn't affect his following. The recent tweet that has raised such a storm is also in extremely poor taste but that does not make the person posting it a criminal
By all means it's OK to unfollow the guy or if you must express disgust on SM- although I think it is more about showing 'moral righteousness' than about anything else. But to tell your followers or those you follow to do the same, I think goes a bit too far- certainly for me
Read 6 tweets
Pran Katariya Profile picture
Nov 28, 2022
I was lucky to have been mentored by 2 great people early on in my Trading career- Dr Van Tharp and Seth Freudberg of SMB Capital. Thinking back, the bulk of the learning from them came from telling me what I was doing wrong and where my thinking process was sabotaging my results
There is ample content available on the internet that will teach you the mechanics of Trading. But the greatest breakthrough will come when you find a Trading philosophy that aligns with your belief system.
Even after this one will be far from perfection- which is a stage which is beyond human endeavor. Chipping away at conflicts which will inevitably still exist between your beliefs and your Trading system will provide room for further improvements.
Read 6 tweets
Pran Katariya Profile picture
Nov 28, 2022
There is an even bigger scam in the Training Industry than fake MTM's. Say I feel pretty creative when I wake up Sunday Morning. Over a few glasses of beer, I design a new Strategy, run a few backtests, tweak it a little to optimize the results. By lunch I'm good to go.
Now I put on my Marketing hat. Think of a new catchy name for the Strategy and some setups I have used in it's creation, produce a snazzy video showing its the key to untold riches and launch it for a few thousand rupees. A pittance for the lifetime of earnings guaranteed
I then promote the hell out of it on social media and conduct several seminars to teach it to the uninitiated. Of course this makes me very popular with event organizers and other channels always hungry for content to keep their own business going creating a cascading effect
Read 11 tweets
Pran Katariya Profile picture
Nov 26, 2022
Theory says that a high Volatility environment is best for Option Selling while a low Volatility one is highly risky. A few years ago my mentor Seth Friedberg from SMB Capital published a video on the performance of their Prop trading desk and his findings were astounding
He found that the best performances came in 2 low Volatility periods when the Vix was between 10-12! This was because in such environments, a majority of the Trades go thru smoothly even though premiums are low. Low Rewards but with very little Risk.
On the other hand while a high Volatility environment provides excellent Rewards, they come loaded with Risk. My own experience has not been good in very high Volatility environments and I find that many other reputed Option Sellers have had similar experiences.
Read 8 tweets
Pran Katariya Profile picture
Dec 5, 2021
The Sialkot incident shows what can happen when Politicians begin catering to even the most ridiculous demands of vested interests who influence vote banks. In India we are under pressure from Economic Terrorists. Some Farmer groups have tasted blood.
Not content with so many subsidies which eat up a disproportionate share of scarce sources, they now want MSP for all produce and free electricity. Politicians like Kejriwal and Mamta are offering freebies to win Elections. We must resist if we are to progress.
The failure of extreme Socialist systems clearly show that a free Market is the only sensible determinant to allocation and pricing of resources and that sensible Economic Policies are the only way forward to Prosperity.
Read 4 tweets
Pran Katariya Profile picture
Oct 4, 2021
Why am I buying Stock and selling Straddles against them instead of selling 2xPE? There are many reasons that I have tried to explain in some of my previous threads but what it boils down to is the difference in thinking of these two Trades
So while selling 2xPE is an opportunistic Trade for that month, my thinking with the Straddle is to invest my funds into building a portfolio of strong stocks and generate a monthly Return from them while they continue to appreciate.
I like to look at this as a long term Trade over many months where I will keep rolling the Straddle to future months for as long as the Stock remains strong. How do I gauge the suitability of the stock? In a word Relative Strength
Read 7 tweets

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