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Option Buying Setup: by - Jitendra Jain

This document outlines the setup and checklist for buying options, including when the price is above the volume weighted average price (vwap), volume is rising above the 20-day simple moving average (sma), price is moving away from vwap, relative strength index (RSI) is above 60, and open interest is reducing based on the 20-day sma. It then provides 13 examples of trades from November and October 2020 that follow this setup and checklist for option buying.

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vvpvarun
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4K views17 pages

Option Buying Setup: by - Jitendra Jain

This document outlines the setup and checklist for buying options, including when the price is above the volume weighted average price (vwap), volume is rising above the 20-day simple moving average (sma), price is moving away from vwap, relative strength index (RSI) is above 60, and open interest is reducing based on the 20-day sma. It then provides 13 examples of trades from November and October 2020 that follow this setup and checklist for option buying.

Uploaded by

vvpvarun
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Title Page
  • Outline
  • Setup
  • Example 1: 1st Dec 2020
  • Example 2: 26th Nov 2020
  • Example 3: 25th Nov 2020
  • Example 4: 24th Nov 2020
  • Example 5: 20th Nov 2020
  • Example 6: 20th Nov 2020
  • Example 7: 19th Nov 2020
  • Example 8: 19th Nov 2020
  • Example 9: 13th Nov 2020
  • Example 10: 11th Nov 2020
  • Example 11: 10th Nov 2020
  • Example 12: 28th Oct 2020
  • Example 13: 26th Oct 2020
  • Conclusion

Option Buying

Setup
By - Jitendra Jain
Twitter :https://twitter.com/jitendrajain
Outline Setup

Checklist

Examples
Setup

a) Price > vwap


b) Rise in volume :2x of average volumes ( 20 sma on volume)
c) Price moving away from vwap.
d) Rsi > 60
e) Reducing OI( 20 sma on OI)
Example 1 : 1st Dec 2020
Example 2 : 26th Nov,2020
Example 3: 25 Nov,2020
Example 4: 24 Nov,2020
Example 5 : 20 Nov,2020
Example 6 : 20 Nov,2020
Example 7: 19 Nov,2020
Example 8: 19 Nov,2020
Example 9: Nov 13,2020
Example 10: Nov 11,2020
Example 11: Nov 10,2020
Example 12: Oct 28,2020
Example 13: Oct 26,2020
Thanks

Option Buying Setup By - Jitendra Jain Twitter :https://twitter.com/jitendrajain
Outline Setup Checklist Examples
Setup a) Price > vwap b) Rise in volume :2x of average volumes ( 20 sma on volume) c) Price moving away from vwap. d) Rsi >
Example 1 : 1st Dec 2020
Example 2 : 26th Nov,2020
Example 3: 25 Nov,2020
Example 4: 24 Nov,2020
Example 5 : 20 Nov,2020
Example 6 : 20 Nov,2020
Example 7: 19 Nov,2020

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