Sarang Sood
Sarang Sood

@SarangSood

6 Tweets 121 reads Nov 28, 2021
CHRONOLOGY of most used option strategies by me over the years:
2009: Strangle, Long Strangle
Initially had the belief that can play volatility both sides
2010: Strangle, Straddle
Used to convert positional strangles to straddles near expiries
2011: Calendar Spreads, Straddle
2012: Calendar Spreads, Straddle
Nifty current & next month were the only liquid options for Calendar
2013: Calendar Spreads, Butterfly, Straddle
2014: Diagonal Spreads, Ironfly
2015: Diagonal Spreads, Ratios, Straddle
(Started learning greeks mainly how to maintain delta)
2016: Ratios, Diagonal Spreads
2017: Gut spreads (inverted strangle), Diagonal Spreads, Straddle
Gut spreads because of added STT advantage that time over normal strangle. Also started with Banknifty weekly.
2018: Gut spreads, Butterfly, Ratios
2019: Ratios, Ironfly, Straddle
2020: Ratios, Directional spreads, Ironfly
2021: Ratios, Directional Spreads, Naked options
Apart from last 2 years, have been majorly a neutral option seller. The strategies have remained same but the adjustment skills improved. Also introduction of weekly was a game changer.
Calandar/Diagonal Spreads were used a lot initially because there weren't many liquid instruments like at present with nf & bnf weeklies.
Adjusted Short Straddle has been a constant near expiry apart from post covid volatility rise. Ratios have been more common since last 6 yrs.
Also strategies had there own versions which I haven't mentioned like broken butterfly, double Diagonal, triple straddle, ladder, iron condor etc.
PS: I barely knew the names of the strategies. It's only in recent years that i became more learned of official names.

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