Hi traders 😊...................
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index short strangle strike's
🛑India Vix closed at 17.21 which is fall by 6.47% on friday which show's that Friday market is in range bound and
🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get
( Caution it doesn't include any sentiment ie . Global or economical or news)
◽Indian Vix volatility index works best in range bound market and helps option sellers
◽ Now clearly we get strike from india vix volatility index to short ie .37600 on CALL side
◽ Another one in downside we get one strike ie . 36900 on PUT side (these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽we can clearly observe that market maybe trade between this range so I will going to do this
Short strangle means selling OTM strikes of PE And CE
🛑 short CALL
➡️ Sell 37600 CE with stop loss of 37650 (simply exist from position CE after breakout of 37650 )
◽ Target will be 36800
🛑 Short PUT
➡️. Sell 36900 PE with the Stoploss of 36900 (or in other words : exist from PUT position if breakdown of 36900 which crucial support zone )
◽ Target will be 37800
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (37650)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37800
◽ If breakdown happens (at 36900 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 36800
🛑You can also short only side either CALL or P
PUT and follow respective Stoploss points
(Personally I will recommend Sell CALL or CE becaut fear market is higher )
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence
◽have nice day 😊
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index short strangle strike's
🛑India Vix closed at 17.21 which is fall by 6.47% on friday which show's that Friday market is in range bound and
🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get
( Caution it doesn't include any sentiment ie . Global or economical or news)
◽Indian Vix volatility index works best in range bound market and helps option sellers
◽ Now clearly we get strike from india vix volatility index to short ie .37600 on CALL side
◽ Another one in downside we get one strike ie . 36900 on PUT side (these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽we can clearly observe that market maybe trade between this range so I will going to do this
Short strangle means selling OTM strikes of PE And CE
🛑 short CALL
➡️ Sell 37600 CE with stop loss of 37650 (simply exist from position CE after breakout of 37650 )
◽ Target will be 36800
🛑 Short PUT
➡️. Sell 36900 PE with the Stoploss of 36900 (or in other words : exist from PUT position if breakdown of 36900 which crucial support zone )
◽ Target will be 37800
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (37650)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37800
◽ If breakdown happens (at 36900 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 36800
🛑You can also short only side either CALL or P
PUT and follow respective Stoploss points
(Personally I will recommend Sell CALL or CE becaut fear market is higher )
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence
◽have nice day 😊