Path to Consistency

That means you are doing a bull credit spread using puts ? Or there is futures contract also in the total trade ??

So your risk is 150-24.6 =125.4 and Reward is 24.6 points on each contract ? Is that right ?

Smart_trade

Yes sir..Bull PUT Credit Spread..with R:R= 5:1

For earning 24 points I am risking 125 points...

But probability of winning is more..

No future here.. but if trade goes against ..can use anything

Da, plz check urs, for lower strike put, expiry is showing 30-MAR.
8750 is 30-MAR
8850 is 27-APR

Wrong upload in imgur. Sorry will correct tonight.

Subhadip Bro,

Did you see the latest on this thread.

http://www.traderji.com/brokers-trading-platforms/102686-wisdom-capital-
free-trade-investment-zone-37.html

BN ATM put IV at 19% which is around 5% higher than yest.

NS ATM IV also around 18%.

I've read many places that is why consistent writers don't hold positions till expiry, its wiser to exit few days before expiry or have set tgts for R:R.

Eg. if you sell at 100, and it is trading at 20, its better to lock 80 profit instead of getting whipped going after the 20.
Da, still long way to go
Barley started entry techniques, then we have to get to exits as well.

Found on net

Sell gamma.
Generally, this means you are selling short dated straddles and delta hedging. The reason is that implied vols generally trade at a premium to realized vols. So generally this strategy will make money and is a positive carry trade. Unfortunately it is also the definition of 'picking up nickels in front of a steamroller.' When the world is in a "normal" state, you are making money, but when stuff hits the fan you are exposed to huge drawdowns.

Position..sorry for being late

TunaSir's Position: