Dear friends,
I am not an analyst or claiming to have got the best of the strategy but yes I admit that I am working on this strategy for last few months & satisfied with the return and now scaling it up.
It is simple and easy to implement. so here it is.
1. Choose a discounted broker ( offering low brokerage on options )
2. Only Index option (Nifty / bank nifty )
3. Strike price premium above Rs. 50
4. you can decide the lots to trade as per your appetite.( better to start with 10 lots first but you can start with any number and later can scale it up)
5... that's it.
you are ready with you arsenal now the strategy.
If you closely watch the index movement it never moves straight in one direction so as the options premium. so narrow down the strike index whose day low premium is near to the range of 50 (as we are looking for this premium) now put a limit order to buy x lots at 2 Re lower to current premium. for example if the day low of lets say nifty 7800 PE is 52 and currently it is trading as 53 then put the limit order to buy x lots at 50 and wait.
keep watch and once the order is filled immediately place sell order limit of 51. I got 100% fill rate till date.:thumb:
Rules :
1.do it on any day but wait for day low.( your patience will be key here )
2.trade less 1 or 2 in a day with this strategy.
3. for me it worked on 1 Re booking of profit so stick to it.
Now if you are trading let say 10 lots of nifty and booking 1 re on that so simple earning of Rs.750/-
Friends I am using this strategy as it sounds simple and easy ( it is indeed ) but it tests your patience and how strong you stick to your rules.
So don't think much atleast try.
All the best.:thumb:
I worked only on index options either nifty or bank nifty. Secondly it work on every day even on expiry day.
I am not an analyst or claiming to have got the best of the strategy but yes I admit that I am working on this strategy for last few months & satisfied with the return and now scaling it up.
It is simple and easy to implement. so here it is.
1. Choose a discounted broker ( offering low brokerage on options )
2. Only Index option (Nifty / bank nifty )
3. Strike price premium above Rs. 50
4. you can decide the lots to trade as per your appetite.( better to start with 10 lots first but you can start with any number and later can scale it up)
5... that's it.
you are ready with you arsenal now the strategy.
If you closely watch the index movement it never moves straight in one direction so as the options premium. so narrow down the strike index whose day low premium is near to the range of 50 (as we are looking for this premium) now put a limit order to buy x lots at 2 Re lower to current premium. for example if the day low of lets say nifty 7800 PE is 52 and currently it is trading as 53 then put the limit order to buy x lots at 50 and wait.
keep watch and once the order is filled immediately place sell order limit of 51. I got 100% fill rate till date.:thumb:
Rules :
1.do it on any day but wait for day low.( your patience will be key here )
2.trade less 1 or 2 in a day with this strategy.
3. for me it worked on 1 Re booking of profit so stick to it.
Now if you are trading let say 10 lots of nifty and booking 1 re on that so simple earning of Rs.750/-
Friends I am using this strategy as it sounds simple and easy ( it is indeed ) but it tests your patience and how strong you stick to your rules.
So don't think much atleast try.
All the best.:thumb:
I worked only on index options either nifty or bank nifty. Secondly it work on every day even on expiry day.