Jig's Patel

Thread on
"Intraday Banknifty Strangle based on OI data"

(System already shared, today just share few examples)
(1/n)

-Trade timing after 9:45 

-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side

-We will sell both strikes with combined premium as SL on both legs.
(2/n)

28th June 2021

BN open-35440
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection  35500 CE- 35000 PE
(3/n) 

29th June 2021

BN open-35323

At 9:45 trading at 35112

Highest OI in call side at 35300 CE and 35000 at put side

Strike selection  35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
(4/n) 

30th June 2021 

BN open-35030

At 9:45 trading at 35002

Highest OI in call side at 35000 CE and 35000 at put side

Strike selection  35000 CE(176)- 35000 PE(213)  Combined premium 389 , Both legs SL 389
(5/n) 

01st July 2021

BN open-34832

At 9:45 trading at 34831

Highest OI in call side at 35000 CE and 34500 PE

Strike selection  35000 CE (42)- 34500 PE  (23),  Combined premium 66 , Both legs SL 66
(6/n) 

02nd July 2021

BN open-34790

At 9:45 trading at 34740

Highest OI in call side at 35000 CE and 34500 PE

Strike selection  35000 CE (196)- 34500 PE (225)  Combined premium 421 , Both legs SL 421
(n/n) 

A thread about STBT options selling,

The purpose is simple to capture overnight theta decay,

Generally, ppl sell ATM straddle with hedge or sell naked options,

But I am using Today’s price action for selling options in STBT,

(1/n)

Its work on both index (Nifty, BNF) as well some standard stock but i used only for Index on every day and  Last 10 days monthly expiry i do in stocks only specific, 

It’s purely STBT type’s trade sell today and buy tomorrow kind,

(2/n)

Let’s start the strategy,

Every day at 3:15 PM, Open Nifty or BNF chart in daily TF.

See the last candle formation only; we take trade always based on the last candle formation

(3/n) 

Case 1:
If Red Bearish candle formation, Mark the high and low of that candle  

High 35979, Low 35667. (16th July)

Based on this candle we simply sell credit call spared (Sell 36000 CE and Buy 36300CE) you can make the difference between two calls 300 or 400 as per your risk, 

Case 2:
Bullish strong candle 
 
High 35238 and low 34922 (5th July) (Refer the image)

Based on this candle we sell credit put spread (Sell 34900 Put and buy 34600 put) 

Case 3: 

Doji candle

High 35580, Low 35231 (28th June) - Rfere the image

Based on this we sell strangle 200 points away from the high and low (sell 35800 CE and sell 35000 put) 

If Doji formation on Wednesday then we will sell the high and low strike of that day because 200 points away in Wednesday are very less premium.

Case 4: 

Pin bar candle formation in any side

High 35005 and low 34374 (14th June) - refer image

In this case you can sell naked put(sell 34300 put) or credit put spread (Sell 34300 put and buy 34000 put) 

High 36646 low 35529 (5th Feb)

In this case you can sell naked 36600 CE or credit call spread (sell 36600CE and buy 36900CE) 

It’s worth reading for you 

If you like this STBT options selling approach kindly RETWEET for appreciation 

Thank you so much,

Guys, 
Today I am sharing how I will filter out the stock for intraday trade,

This strategy is called "NR21-VWAP" trading,

For filtering the stock  I will use NR21 + Inside bar theory (its a very old but popular theory),

Filtering stock used below screener end of the day
(1/n)

Screener
https://chartink.com/screener/copy-nr21-23

You have to do homework at the end of the day, Run the screener and List out the stock in this screener, hardly 3-4 stock in the list,

Next day trading, Just open chart 15 min TF,
Add VWAP and Volume indicator in Chart,

(2/n)

Buy setup:
If stock price move above VWAP and with high volume then trade activated above VWAP, 

SL is trade trigger candle Low, 
Sell Setup:
price move below VWAP with volume than trade activated.
SL is high of that candle
(3/n)

Volume indicator,

Open the chart and see the volume of last ten to fifteen 15 Min TF candle volume compare with a current candle if the volume is more than triple then our trade is right,

(4/n)

Eg. Yesterday filtered stock attached,

See the example of BERGEPAINT, 

Trade activated at  532.27  and SL 527, Closing price 555

Profit booking criteria, I believe in 1:2 RR, if 5 point SL then I will book 10 point profit, 

If you Like kindly RETWEET to reach maximum trader, 

NR21 is nothing but stock trading in a narrow range from 21 days.

I will share the video of this strategy very soon,

if you have any query put in the comments section rather DM, because if you put in the comment section then many traders got the answer,