anirudhsinh parmar

@anirudhparmar68

17 Tweets • 2023-03-05 •  See on Twitter

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Read this. U may get it for free.

Short straddle :
What is ?? Sell an atm call and put.
Instrument: mostly bnf and nf.
Now there are versions of it.
1. Best version :
Enter around 9.15-20 and exit around 3.20. No
adjustment nothing.
1/n.
If u r doing it on zero leverage(meaning u have full
capital of around bnf's notional contract,i.e. 40000*25
= 10lacs), then u r most likely going to make better
than fd or anything like that.
Simple rules : friday,monday, tuesday do for weekly.
Wednesday and thrusday next week

So, gamma moves can't impact much.

Another better version of mahesh chander kaushik is
to do it for monthly expiry.
Bigger premiums and never hav to worry about 200-
300 points sudden moves.
2. 2nd version : have combined stoploss of premiums
and re-entry criteria. Example :

Let say 40000 straddle is at 600. Sell at 600 and hav

combined sl at 650. Many algos are providing this. U
can even place stoploss in % terms. Like, if sold
straddle at 400 and placed 10% sl, means if 440
combined premium touch, it will be stoploss.
Let say, in morning,
U sold straddle at 600 and it sl hit at 650. Now, u
placed reentry at 600 with same sl. This time may be
linear decay happens and u may cover morning's loss
and make some profit.
3rd version : stoplosses at each leg and trail sl to cost
type.
Example , 40000 straddle at 400.

Call priced 200. Put price 200. Have each leg sl of

240. And sell. Now, let say mkt went up and call sl
triggered at 240. Now, algo may make put sl at cost.
This strategy is good when one side trend happens.
But, will not work in choppy mkt.

4th version: it is not a version. But, kind of time

variable straddles. Which can be of above 3 versions'.
Instead of doing all qty at 9.20, one can do at every
hour or every 2 hour. Or may be at every 10 mins.
I hav seen someone selling version 3 algo for every
10 mins.
5th version : premium matching.
Let say u sold 40000 call put jodi at 400. And 200
each for call nd put. Now mkt went up and call
became 300. Now, u will book call at 300 and will sell
2 lots of call of let say 40400 strike at 150. So, U
matched premiums and do adjustments

That for whole day.

Requires high margin and if one side move came, u
may lose big. On other choppy day, this will make
money.
6th version : ekdum copy to 5th version. Here, instead
of matching premium, u need to match delta of call nd
puts.
Requires understanding of greeks

7th version : rolling straddles.

Requires no sl no tgt.
Whenever mkt moves, u move the straddle.
Example : U sold straddle at 400 at 9.20 am strike
40000.
If mkt move to 40200, shift whole straddle to 40200
and do it for whole day. Eventually theta will come.
General points : in addition, people buys hedges of far
otm call puts.
Sometimes, monthly far otms too. That too reduce
margins.
Another missed point.
Wait n trade straddle :

Example : 40000 straddle at 400. Now u wish that if it

goes above 440, then only I want to sell, so u can put
limit in algo to sell straddle at 440.

Anyone want to contribute more can do it.

@singha9327 Hi chahiye.
3 examples of today :
1. Kunal saraogi : tv panelist, who came on tv, shared
a video in which he told that about hft. In that, he told
that 10 paise k liye trade karo. Whereas, 3
points(rupee) is normal round trip cost.
Those who don't know might be influenced. 2/n
@singha9327 2. Pr sundar : 6000 me short straddle
and adjustments ka course.
Now, those who don't know adjustments, for them it is
something secret and worth learning.
Where the truth is that every adjustment is indirectly a
new trade with new risk reward profile.
And 3/n

@singha9327 It might not work everytime.

3rd example : vivek bajaj launched premium
subscription for pattern recognition like flag, head and
shoulder etc.
Now, this is really waste of money bcz chartink
provides for free.
Ek jamane me zerodha ka PI aata tha. Wo bhi free me
deta tha.4/n

@singha9327 Even chatgpt se aap sidha tradingview

or amibroker me code daal sakte ho. And all those
things are absolutely free.
Lekin agar kisi ko pata nhi hain to uska nuksaan hi
hain.
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