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 Mitesh Sir's EXPIRY Option Selling 101:

• What to look for? • Strike Selection & Ratios • SL mgmt • Avoiding freezes • Monthy Expiry • Event days • How he would have traded last expiry? Catch me if you can @Mitesh_Engr Time for a🧵 Mitesh Sir's EXPIRY Option Selling 101: • What to look for? • Strike Selection & Ratios • SL mgmt • Avoiding freezes • Monthy Expiry • Event days • How he would have traded last expiry? In collaboration with @AdityaTodmal
Edward de Bono says intelligence is like a🚗 Automobile “A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”
Edward de Bono says intelligence is like a🚗 Automobile “A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”
What Mitesh_Engr Sir looks at for Expiry Trading: • Technicals of BNF • Individual Heavyweight stocks of BNF • Support/Resistance of BNF on weekly TF • Also has Superb SL management • When it comes to adjustments, he is always on toes
What @Mitesh_Engr Sir looks at for Expiry Trading: • Technicals of BNF • Individual Heavyweight stocks of BNF • Support/Resistance of BNF on weekly TF • Also has Superb SL management • When it comes to adjustments, he is always on toes
How to Select Strikes to Sell? • You can't sell based on premium • Follow only trend • Price action is best to sell on expiry day • Never wait for the options to go to zero
How to Select Strikes to Sell? • You can't sell based on premium • Follow only trend • Price action is best to sell on expiry day • Never wait for the options to go to zero
Using Ratios to Sell: • If BNF is in a range then strangles • If breakout/ breakdown from a range then directional • Selling 70/30 or 80/20 ratios • 2 examples on how he used ratios
Using Ratios to Sell: • If BNF is in a range then strangles • If breakout/ breakdown from a range then directional • Selling 70/30 or 80/20 ratios • 2 examples on how he used ratios
Stop Loss Management: Logical explanation given by @Mitesh_Engr Sir on how to manage stop losses • SL shouldn't hit easily given the spikes on expiry day • High probability of success • Don't lose huge in a violent move
Stop Loss Management: Logical explanation given by @Mitesh_Engr Sir on how to manage stop losses • SL shouldn't hit easily given the spikes on expiry day • High probability of success • Don't lose huge in a violent move
Excellent explanation on how to avoid an option freeze on an expiry day: • Keep Stop loss below range • Exit when hit • Re-enter when index enters range
Excellent explanation on how to avoid an option freeze on an expiry day: • Keep Stop loss below range • Exit when hit • Re-enter when index enters range
Conviction: • Ability to take re-entry multiple times • High premiums • Limited qty • High profit • Don't sell Rs. 1-3 options • Sell higher premiums and book them at Rs. 2-5 Have added an example of how he had conviction on a particular expiry day
Conviction: • Ability to take re-entry multiple times • High premiums • Limited qty • High profit • Don't sell Rs. 1-3 options • Sell higher premiums and book them at Rs. 2-5 Have added an example of how he had conviction on a particular expiry day
Monthly Expiry: • Never assume option writers will defend their positions • They are already expired • Play according to day trend • No prediction
Monthly Expiry: • Never assume option writers will defend their positions • They are already expired • Play according to day trend • No prediction
How to play expiry if knitted with Events: • No expiry view ahead of the event • Take decision post the event • Look at price action to see where chances are based on certain levels • Risk would lower as we've avoided the volatility
How to play expiry if knitted with Events: • No expiry view ahead of the event • Take decision post the event • Look at price action to see where chances are based on certain levels • Risk would lower as we've avoided the volatility
What @Mitesh_Engr Sir has to say on low premium selling on expiry day: 👇 • Sell lower premiums high probability • Repeat multiple times • Lose heavy one time • Risk reward is unfavorable • Classic case of eating like a chicken & shitting like an elephant
What @Mitesh_Engr Sir has to say on low premium selling on expiry day: 👇 • Sell lower premiums high probability • Repeat multiple times • Lose heavy one time • Risk reward is unfavorable • Classic case of eating like a chicken & shitting like an elephant
How to play last Thursday's Expiry? (15th July 2021) • Daily chart shows ready for breakout • Derived supports on hourly charts
How to play last Thursday's Expiry? (15th July 2021) • Daily chart shows ready for breakout • Derived supports on hourly charts
How to play last Thursday's Expiry? (15th July 2021) • Daily chart shows ready for breakout • Derived supports on hourly charts
Through explanation as to how @Mitesh_Engr Sir plays intraday on expiry A detailed explanation on last Thursday's Expiry given below: Please go through it to absorb better
Through explanation as to how @Mitesh_Engr Sir plays intraday on expiry A detailed explanation on last Thursday's Expiry given below: Please go through it to absorb better
Put option charts of last Thursday • All Puts trading below ATP • All strikes were supports or below it
Put option charts of last Thursday • All Puts trading below ATP • All strikes were supports or below it
Put option charts of last Thursday • All Puts trading below ATP • All strikes were supports or below it
Put option charts of last Thursday • All Puts trading below ATP • All strikes were supports or below it
Call Option charts of last Thursday • Trading below ATP after 13:00 hours • 36000 was a resistance • Calls above it expected to be zero
Call Option charts of last Thursday • Trading below ATP after 13:00 hours • 36000 was a resistance • Calls above it expected to be zero
Call Option charts of last Thursday • Trading below ATP after 13:00 hours • 36000 was a resistance • Calls above it expected to be zero
This was a thread on how @Mitesh_Engr Sir trades on expiry day.

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