New to options trading? Shorten your learning curve by reading this through. π§΅
A complete guide to starting out with 3L as a newbie part-time trader while at work.
Hit "Retweet" to help maximum option traders.
A complete guide to starting out with 3L as a newbie part-time trader while at work.
Hit "Retweet" to help maximum option traders.
1/ Basics of Options
β Buying Call
β Selling Call
β Selling Put
β Buying Put
β Moneyness of Options
is what you need to be familiar with.
Go through Ch 1-8 of Module 5(Zerodha varsity)
@karthikrangappa has done a fabulous job in simplifying all the technical jargon.
β Buying Call
β Selling Call
β Selling Put
β Buying Put
β Moneyness of Options
is what you need to be familiar with.
Go through Ch 1-8 of Module 5(Zerodha varsity)
@karthikrangappa has done a fabulous job in simplifying all the technical jargon.
@karthikrangappa @AshishGupta325 You should be aware about how a specific greek affects your trade.
You can't sell a 20 premium OTM option and not do nothing.
SL's, Risk Reward, Position Sizing, Money Management; all need to be in place.
You can't sell a 20 premium OTM option and not do nothing.
SL's, Risk Reward, Position Sizing, Money Management; all need to be in place.
@karthikrangappa @AshishGupta325 3/ Concept of Notional Value(Spend some time on this)
Find out the exposure you have before initiating the trade. Always have a defined entry, exit plan for all trades you take.
Courtesy : @AshishGupta325's F2F interview with @vivbajaj
youtube.com
Find out the exposure you have before initiating the trade. Always have a defined entry, exit plan for all trades you take.
Courtesy : @AshishGupta325's F2F interview with @vivbajaj
youtube.com
@karthikrangappa @AshishGupta325 @vivbajaj Till such time you are an aspiring trader, always look at total exposure and don't initiate trades based on blocked margin.
@karthikrangappa @AshishGupta325 @vivbajaj Exposure should not be greater than 3X(for any naked position)
Means if Nifty's current notional value is (50*16200 = 8,10,000)
If you sell a naked option, sell 1 lot/2.6L(even though you can sell 1 lot/1L).
Means if Nifty's current notional value is (50*16200 = 8,10,000)
If you sell a naked option, sell 1 lot/2.6L(even though you can sell 1 lot/1L).
@karthikrangappa @AshishGupta325 @vivbajaj 4/ Start learning different option strategies
Go through Zerodha Varsity's Option Strategies Module. Read it like a story book.
Once you are through with it, watch options trading talk with @ap_pune and @Raghunath_TL
youtube.com
Go through Zerodha Varsity's Option Strategies Module. Read it like a story book.
Once you are through with it, watch options trading talk with @ap_pune and @Raghunath_TL
youtube.com
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL The playlist consists of 50 episodes. All are worth watching.
Watch. Rewatch. Make Notes. Highlight things you are unable to understand. Ask them on Twitter. Most people will be willing to help you out.
Watch. Rewatch. Make Notes. Highlight things you are unable to understand. Ask them on Twitter. Most people will be willing to help you out.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL 5/ Open Interest, Option Chain
5(a) Analysing Open Interest by @itsAdityaT
5(a) Analysing Open Interest by @itsAdityaT
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT 5(b) Open Interest OI Analysis by @optionables ( 3 Part Videos)
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables 6/ Most ideal strategies to trade with 3L are iron condors and Iron flies
Both are positional trades wherein you can target 1% a week. Easy to trade, adjust and manage.
Before trading them with real money, try trading them using @Definedge's Opstra simulator.
Both are positional trades wherein you can target 1% a week. Easy to trade, adjust and manage.
Before trading them with real money, try trading them using @Definedge's Opstra simulator.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge You can also go through NiftyBN's YT channel. Awesome content published there as well. Kudos to @BandiShreyas and the team.
youtube.com
youtube.com
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas You can also backtest previous expiries and make rules for yourself. Find out loopholes and try fixing them.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas 7/ Keep reasonable return expectations
Don't target 10% a month kind of returns.
Anything in the range of 4-5% a month is considered superb.
Don't target 10% a month kind of returns.
Anything in the range of 4-5% a month is considered superb.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas 8/ Choose your broker wisely.
If you make 12K a month on a 3L capital, you don't want to pay 3K in charges.
I would suggest you open your demat account after doing due diligence.
If you make 12K a month on a 3L capital, you don't want to pay 3K in charges.
I would suggest you open your demat account after doing due diligence.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas 9/ Dont' miss reading @SarangSood's master thread on Options.
Read all of them. Don't skip any.
Read all of them. Don't skip any.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas @SarangSood Try making consistent returns before you plan to add in more capital.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas @SarangSood Comment a Yes if you want a thread on Iron Condor, Iron Fly and suitable adjustments.
@karthikrangappa @AshishGupta325 @vivbajaj @ap_pune @Raghunath_TL @itsAdityaT @optionables @Definedge @BandiShreyas @SarangSood If you found this 𧡠useful, consider retweeting the first tweet.
Also, feel free to reach out for any assistance. My DM's are always open.
Also, feel free to reach out for any assistance. My DM's are always open.
I am having a 2 day session on 16th-17th July.
Will be covering my process through this. I will not be covering any basics.
It will be focused more towards the practical aspects of trading.
Will be covering my process through this. I will not be covering any basics.
It will be focused more towards the practical aspects of trading.
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