My Untold Adjustments for Intraday Short Straddle
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- čas přidán 6. 09. 2024
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My Holy Grail Behind My Trailing Profit #ITJegan #Capitalzone #AlgoTrading
1. What is 9 20 Straddle
2. Short Straddle Adjustments
Stream it fully, to know all info in detail.
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Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018.
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😅😅 0❤️❤️😄
Best strategy for option sellers , no one tell ,
Thank you Jagan ! No need any other strategy.
Excellent Presentation and relevant till today even after 2 years 🙏🏻
This is my first fully understand Jegan's video.
This adjustment is so well thought and planned, specially on expiry this must be very effective!! Thanks :)
O
Hey bro r u doing it now
Is it good only on Expiry or we can do it on Wednesday?
have you applied ever?
I may try this 9:20 strategy, the training was very clear and thorough.
I am not a newcomer to trading but yes for option selling
Good adjustments,, but I create short straddle in between 12.28 to 12.30 with 30% sl and exit time is 2.55 and have less chance of v-shape in this time and I also back test it and got good results 👍
Where you backtested
@@aniketsharma6215 stock mock
Actually, its better to start at 9.20, so you get a better range with more time for adjustments if needed.
@@thedirectors454 yes but chances of v shape recovery is also increase. I tried 9.20 but drawdown is high and both side sl hit 5 to 7 times in a month, but in 12.30 it's happens only 1 to 3 times
True volatility decrease in between 12 pm to 2 pm and a option seller needs less volatile market 👍
Good strategy for people with limited funds of rs 5 lacs. I have seen markets who did first M and then W in just a single day . By 3 pm u get totally exhausted and mentally drained by doing adjustments, not to mention the brokerage pile up.where sometimes u end up paying more brokerage than profits. But end of the dayonly stradle system will make money. If unchecked and trying thousands of strategies ,one can lose rs 15 lacs in 3 years without coming to any one final strategy
Superb strategy...with very less risk
I have taken back test in stock mock with the conditions that,
Entry 12.20 on weekly expiry day.
Both legs short around premium each ₹100.
Immediately put SL @30% for each legs.
After hitting SL any leg, immediately you change the SL of other leg to its buy/entry price.
By this, we can restrict loss ₹30×25= 750 max. on the day.
If another leg runs profit let it to run the premium of the leg erodes maximum or mtm runs profit above ₹1100 .
As such, result given in past 52 weeks 37 trades success. 15 trades given loss max. ₹750 from each trade.
If you take shorts with 10% of premium hedge, margin will be around 75k.
Profit given in past 52 weeks ₹37k.
If anybody wants to check, please take back test in stock mock.
Looks Nice , so you are not creating the second Legs instead adjusting the SL for the non SL Hit Leg right ?
Whether this applicable to Intraday or only to
weekly expires
@@sajupurushothaman6175 yes. only on expiry day trade. After one leg hits SL, then remaining leg will continue upto his entry price. Because we fix loss for only one leg. Another leg let it run either profit or upto its entry price.
Excellent explanation good solution for straddle to exit with less stoploss or nil
When market take one sl and second leg again back to its sold price exit the trade .
Make a strangle of 90 /90 and Target the points lost in straddle that is 60 points .
Why if sl is hit again in pe or ce ?
Great strategy 15000 workshop knowledge . Thank you sir 🙏
but loss making strategy
Hey bro r u doing it now
Is it good only on Expiry or we can do it on Wednesday?
Who ready to take risk 120 to 140 point then take this type adjustment
Because already 60 point loss, when ce A prices again comes 300
He make Anthor straddle B ce and pe 250 it's just 100 point strike different if ce straddle B sl hit, A also hit sl that time, pe will be trade 200 220 range,
3sl hit 60+60+50 = 170 point loss 1pe 30 to 50 point only you will get
You are right ❤
It's working good, I created algo for this, and Iam using daily this strategy only
what platform do use? and how do u backtest? thanks in advance
also how is the perfomance of this strategy?
1:1
Platform u use for bactest?
@@hamrik25 tradetron
When second time saw the video fully understandable. Tomorrow onwards I will try.
how did it work out ?
Did you try?
Nd what outcome
Hi can u tested this... Apply in market?? How its working... Is this strategy OK.... Pls give suggestion regarding this strategy...
Excellent concepts Jean... thanks a lot for sharing such a great concept
Wow, that's really nice of you sharing this to public !! This is magic friends !! If you truly understand it, you will be inevitable :)
Hey bro r u doing it now
Is it good only on Expiry or we can do it on Wednesday?
Great Initiative! Who you will be in the FUTURE depends on what you are feeding your mind TODAY. We are also taking effort towards sharing knowledge through Smart trade
If market reverses and hit CE SL.... both CE will hit... Becouse we already adjust when CE become breakeven...
This was my doubt, how it become shprt starddle or strangle , if starddle B cE sl hit, straddle As CE will also hit in most of the cases... if both hit what to do with that naked pE
@@rizrafiq8934 then make another straddle at the atm
@@henki372 straddle will be the solution
every one is gangstar untill u found DUSTER
🤣🤣🤣🤣🤣🤣silent joke🤣🤣🤣🤣
@@maheshsjoisar1151 i think you got it
@@chaitanyamattaparthi full marks to your observation & comment.👍
Sir..
You are always very innovative...
Your each and every video is worth watching...
But over all this is the best video of all youtube sotck market related videos..
Thanks for giving us such great video....
Thank You Very Much...
Did Virtual Trade , First Leg of A successful exited with a profit of Rs1444 , need to test all scenario , Looks nice Strategy
What tool you are using for virtual trade?
Morning short.... And after 2:30 buy... So far so good.
I got from some other channel, go on closing loss making legs, whether CE or PE, go on taking new position, whether CE or PE, final result will be profit,
Can you share more details ? so are you saying if CE stop loss is hit again sell CE for ATM?
Sir, fine, my doubt is , if PE is hit SL and come back to CE price, here we should take another straddle. Right. Now here CE 2 lots and PE 1 lot exists. As the straddle B is initiated at CE (straddle.A) became it's entry price.
So, now we have CE in both straddle A& B in the same price,
If CE is hit SL, there will be 2 lots of CE will give question 20+20= 40% loss.
Already we have faced PE 1 lot SL 20%,
If this process is continued full day alternatively we may face continuous loss only.
What is the other weapon to protect further loss.
This is my vital question.
Only if you choose Straddle at the price of around 250, it may works.
As Jegan told , you can't choose same strike price of Straddle A.
My question is , finally it becomes short strangle and he finishes. Whether it gives profit or not?
I too had the same question, Have you got the answer?
If you have Opstra or any other option simulation. Please try 15-07-2022 to 21-07-2022(Expiry).
BNF 9:20 ATM 34800 Strike. I have no clue what to do in the end. If I keep the strangle till the end, one lot gave me the loss of 22k. LOL
@CapitalZone please guide what to do.
He mentioned that it can be the same strike price, at 5:59 minute & therefore yes, in staddle B, there will be 2 call options and both will hit SL, put your PE then should be in profit for the rest of the day. Incase crazy happens and your PE is aslo hit, yes. this would be a rare case scenrio, but i think cosider that day as a draw down, but your losses will be limited atleast..
@@viswanathanperumal3889 no sir, he mentioned that it can be the same strike price as straddle A.
250 was an example.. usually it depends on what strike price is going on, when ce of starddle A would be coming back to 300.. it can be the same strike price or different
Both Premiums are not equal while at entry
Hi Jegan, I think you forgot to close the strangle loop at the end in the flowchart.. Just for info of all
Could u pls show backtest of this strategy
Hey Jegan,
Why are you confusing others, multitime 9 20 straddle has given 5 percent return today.
Just explain to others in simple words
What is multi time 9.20,not clear, can you explain sir
After hitting PE stoplosss , if market goes back up and your ce becomes 300( your sold price) that means market is near ur sold strike.. now if u create B , u will have 2 CE at same strike and a PE.. if it goes up and hits ur ce SL, then u take thrice the sl against 1 pe sell… I feel probability of this happening was less until last year , but now I see this happening very frequently
To avoid this , instead of 9.20,start straddle at 11am
@@mangeshgitte1165 ok .will test ji.
When your straddle B CE hits stop loss, if market goes little faster then straddle A will also hit it's SL of 360, if that happens you hit 3 SL from 2 CE and 1 PE which will get us 170 SL with one PE holding. I am beginner in Options selling and selling next month expiry OTM on Nifty and I had only once hit SL and I exited the position accepting the loss and able to make profit decently in a volatile market, I feel that is safer than this strategy. I was loosing big as option buyer before and as a option buyer I always learnt you will make money when you take nearest expiry and ITM position so I take the exact opposite for my selling strategy to take next month expiry OTM selling position. Currently holding 17000 PE and 18000 CE of Jan expiry when nifty is at 17500. Profit will be very little but I beleive we can make 0.5% consistently profit on daily basis
HII DEWAN, I AM ALSO NEW IN MARKET, PLZ SHARE YOUR STRATEGY , CAN WE CONNECT THROUGH TELEGRAM OR WHATSAPP?
Please tell me wapp no.
I want to know about this stretargy
Thats the comment i was looking for...🤣🤣🤣 instead have strangle, thats more convenient to adjust
@@madanmohan2389 hi
@@pavanthalla8586 yes bro
9:06 I think it's won't be a strangle/straddle again
Because when the second leg of straddle 1 is going to hit the sl
Automatically the 2 nd straddle leg also hit the sl
So in this kind of situations we may get 3 legs stoplosses will be hit
i think at that point, its all about reducing losses. The chances of what you said happening are low, becuase when price comes back to 300, the straddle B created would mostly be of a different strike price.. and the 300 wala ce might remain OTM and give profit..
@@hamrik25 300 rs ce will be itm because, time decay would have taken some premium away.
So if ce comes back to original price, it will be itm. Right?
Very good strategies. Thank you very much.
Sir, once strangle is made, what's the exit strategy of the last strangle that we created?
3:15 or 3 PM as ur original exit time was...
Same question in my mind. Pls reply sir
@@MrNileshvaghela it is better to do fixed SL straddle compared to adjustments.
@@abhishekkumarsingh4840 in current scenario bro...both side SL will be hit in majority of the cases...
Deep knowledge. Brilliant. Thanks for sharing, jegan.
Hi Sir.. When we have to Finally exit.. is there any SL or we have to do any further Adjustment.. plz Suggest..
in @9:30 you mentioned it became short strangle AGREE but now when to exit for this also?
@capitzone big fan of you sir,
Sir small doubt, whenever call SL hits of straddle B, then straddle A call also hits the SL. Then how they form a strangle or straddle ? Please reply me sir thank you
The explaination is flawed. If Straddle B has same strike price as Straddle A, that will never be short strngle. In intraday it will never be short strangle. If it does in positional, then the strangle width is very less and its a high risk (nifty jut 50 points).
What SL% shall we use for Nifty 9.20 short straddle?
Does the % change depending on day [in weekly options]?
While explaining it seems like market is giving pause at fixed price to do adjustments for us but in reality execution will be very difficult for strategy like this.. why are you guys make strategies this much complex.. simple things works in market..
In the end up making a loss. No adjustments and since if we go for nifty the range will be very less. Banknifty the market is very volatile.
Have you ever tried using your website. And your registration link doesn't work
What happen if both ce stop loss heat
Sir if after creating straddle B if Sl of other leg of straddle A gets hit, what shall we do. bcse we don't have strangle anymore. Kindly try to answer sir
We creat Straddle B after the SL hits one of the leg in straddle A.
Then u again make new straddle B
Exactly same doubt here
What is the winning chance?
When we close first straddle do we get any time decay points
very well explained
Sir, Great explanation.
How much brokerage is s needed
What to do if the straddle A CE /PE becomes in the money and premium is not exceeding the initial sell price even on expiry?
So incase of v shape, we lose 120 rs from straddle A and may gain 10 or 20 from straddle B. Am I right?
I think in v shape v do breakeven so thr is no exceptional loss so it helps in monthly roi
Sir straddle B has to be made even when CE of the straddle reaches Rs 240 rather than Rs 300 the sold price SINCE WE ALREADY LOST Rs 60 . I think this is more safe than creating straddle B when price the CE of straddle comes back to Rs 300.
But how will you know that CE will go back to 300 when it is 240
What if mrkt keep falling, then ur instantly made stradle B will make u loss in its pe.
@@henki372 you will not be in loss as you SL of PE B will be hit and you have sold 2 call options against one pe sell.
I was thinking the same, immediately create at the money short straddle when sl is hit on side.
@@manishgmnaidu7460 you can but if it's gonna be a trending day,then ur profits will be less as either CE or PE of straddle B will be hit and you would need additional margin to hold this
Why not flip the position by selling ATM strike and convert to strangle ?
Only In theory this is good Strategy !!
How can stoploss for both be 360.
Woderfull Sir
Sir u r great.... 🙏🙏🙏 Well explained.. thank you for your effort 🙏🙏🙏
what if the ce of straddle A goes to 360 after hitting stop loss of pe and then reversing and touching the sold price . so we created new straddle B as well . and then the price flew back and touched ce stop loss of first straddle !!!????
Clearly understood
thank u sir , great
excellent!
whether this can apply to far weekly expiry ? or to current weekly expiry ? Strategy looks nice however need to mock test for beginners at sensibull like platforms
Straddle B which strike?? Same strike
if B's CE SL hit then soon A's CE Sl will hit, in this case we are giving 3 SL and carring only one PE of B. 3 SL and 1 winning PE leg, how it will compensate? it may fail and increase the losses, correct me if m wrong or misinterpreted, m just trying understand deeply.
I'm also trying to monitor the doubt.
Hello Sir,
When we create straddle B (CE of A coming to original sell price) and CE of B is hit @ 300 and we stay, and it keeps moving to 360 (SL of CE of A), do we wait or exit for CE of A?
Same for other side.
Pl advice.
In case remaining lone pe or ce of strangle B is hit , repeat the process again .
Sir , when stradle a call hit sl , sell a new call of 240. 250 , or 260l and that make a new stradle with stradle a put as well. Is this idea works.
U r genuin person bro
Which strike price should be selected for straddle B ?
ATM
@@thedirectors454 bro , if price is coming back to 300 then you’re creating atm short straddle , it will be 300/300 right and not 250 250 😅🤔
jagan bro... You'll still have 2 SL losses 60 and 50 RS... and you'll pay extra brokerage.. How is this an adjustment to turn a crisis into a profit..??
jegan does not pay brokerage. he is sub- broker for his algo customers. so he does huge adjustments.
Sirs whether a long straddle with 30% SL would get similar profits...because many of us with low capital would benefit if so
One doubt. I am creating Straddle b AFTER Straddle A's call option premium already reached Rs 300 (my selling price). then how can i get the call option for the same strike price at Rs 250 for Straddle B? It can only be a different strike price further OTM right?
Yes make stradle B at the existing price of atm ce and pe
Super jagan sir
Can we try it on expiry day?
When straddle B, ce hit SL,can't straddle A ,SL can also triggered if premium not down
Both same strike price. First straddle sold at 300 Rs. Market after going down and rising up, ce price may not be 300. It will be less than 300. say for example 260. now making straddle at 260 rs. so stop loss 20 percent for 260 and 300 are different.
Dear Jegan Sir, Market is not our pet to say go there and come here.....Request to stop explaining your TUGLAK strategies...New People will loose the money because of LOT Size and RISK Management.....Great Respect on you....Plz lets not harm the people
He is not forcing you to trade he is giving his ideas
what is the end point of this last straddle (short strange)?
just apply this theory on nov. 30, you will come to know how it works.
When straddle A stop loss hit for both CE and PE, better to avoid that day. Market clearly saying "I want to swing both the sides today 🙃🙂"
The 9.20 strategy will give profit only if market trends to one side i.e either up or down. But if market is swinging both ways, creating one more straddle may limit losses.
@sharma , when can enter in to 2nd straddle?
@@Chandrasekar_bs 2nd straddles should apply once ur 1st straddle ce or pe hits stoploss(20%)
@@tnsharma1993 yup if you have margin surely
Great👍
one more thing is it is impossible to get both the premium at 250 when ce premium touches 300 again if it is not atm..
please explain with the help of opstra
how it is possible if market is down and Put stoploss will hit.
Very useful sharing of knowledge, thank you very much.
Sir how many capital want to sell
it will not workout sir, in first example as you told we haveto sell two lot of ce and one lot pe, if CE hit stop loss then we will loss two lots and one lot already we lost in pe so total 60 percent, Will it will get cover by one put how is it possible..
Good one , can you backtest for 2 Nov 2022
For Back testing, you can explore more here,
www.quantman.in/?locale=en&referred_by=itjegan
what if both SL is hit on A straddle?
U rock jagan...
What should be the strike price for stradle B ..?
If pe or ce reaches the sold price of Straddle A(ex.300) on that particular time banknifty spot price ATM you take straddle B hope you understand now
What if CE of both straddle A and Straddle B hit stop loss at the same time?
PE of Straddle B will be making profit.
Maybe, on the whole, the loss of 20% from PE of Straddle A needs to be recovered as well.
Then exit all trades and restart the system again
Has anybody tried this ? Please share your experience
அருமையான பதிவு, நண்பா
Please do more videos sir
When we create second ie B straddle, do we still have to keep SL for A straddle, single leg?
Yes
Is there any need for atm premium matching??
Not required,
Wah🙏🏻
That was Gyan and nowhere we can find this in any books. Thanks a lot Jegan....
There is no perfect strategy to recover your losses from option selling.. Thats why it is called adjustment.