Please enable JavaScript.
Coggle requires JavaScript to display documents.
MARKET CHECKLIST, Learnings, Thoughts, Worked Well, ASHWIN, Ideas - Coggle…
-
Learnings
Figure out days when one of the (CE/PE) is spiking significantly. Ideally this should be this side with bad R:R. If that is happening, then do not try to overtrade. Such spikes will result in SL hunting. Ideally, all such additional positions will turn in losses.
On Wednesdays, instead of trying to buy 300pt far CE/PE options, and making 2000 to 3000 losses; it's better to buy overnight CE/PE buy position of 20 Rs. overnight on Wednesday night. This ensures max loss of 10-15pts (100 qty plus helps in hedging overnight risk of gap opening. Consider SDD & PRS strategy positions to decide the direction
-
In low VIX environment (Below 15), maybe Credit Spreads work best for stocks option strategies. Slow & steady. Could work well once patterns are broken
Exit the Cover+1 taken by 9.30am. Do not wait more. Most loss on 6Feb Monday was 1500 loss on 90 premium
Never exit Stock Options in Market value during market starting hours. Market price was 16.9, sold price was 16.35. Lot of slippage
Thoughts
When VIX is below 15, I assume PDC is touched the next day definitely
If only 1 SDD is open overnight, the decay will be half only (as compared to 2SDD)
After a certain point (Maybe 66%) of decay in COVER, the decay actually stops
Worked Well
SDD was open;
Upside was 300 point far CE Butterfly with minimal loss (-400);
Downside was SRT PRS Synthetic futures;
...
This gave a good relief in case of sudden one-sided movement
-
-
-