Banknifty SureShot Intraday Strategy without any analysis

[suryameet25]

how about if we sell 1 ATM and 1 OOM Call/Put and take opposite side futures, this will be even more passive and manageable like this. This leaves us with a luxury of operating without SL, i guess.

i am not saying your strategy is bad or trying to correct you. hope this helps.

I have also seen all videos by GreatOptionGuru. And like the strategies shared by them.

And from the method given in video we will make profit if market is sideways or in opposite direction. If we have bought future and price is going above then we will make less.

This method doesn't completely hedge you. And you will start making loss if there is a continuous upside/downfall of around 300 points & this normally happens inside bank nifty. Check today and yesterday stats.

 

[pav]

Hi,

I tested this strategy myself and it is working perfect for me.
This strategy works in every market conditions like Upside, downside or sideways.
No carry forward, No technical/fundamental Analysis, Less margin in intraday


Best time to take position At 09:30 -10 AM:
But you can take position at any time in the day. You will surely make profit.

Sell current week
ITM/ATM Call
ITM/ATM Put

On wednesday/thursday sell next week CALL & Put

At the same time draw a straight line at the Banknifty future Chart at the current price

If banknifty future is below that line sell Banknifty future
If banknifty future is above that line Buy Future

Keep the positions opened till market close and keep your future stoploss at line.

Exit future trade position as soon as price cross the line in opposite direction. And place another order as per future price direction from the line

There are chances that you have to take multiple orders in future if sideways.
But this amount will be covered by your option selling in sideways.

You will make big if trade is in any one side of your line.

We are not going to make money from future here. We will take benefit of option selling. Future is for hedge only.

Let me know your views

Sir which strick price we have to take ITM/ATM Call and ITM/ATM Put .

 

[suryameet25]

Sir which strick price we have to take ITM/ATM Call and ITM/ATM Put .

Refer to:
http://zerodha.com/varsity/chapter/moneyness-of-an-option-contract/

 

[pannet1]

I have also seen all videos by GreatOptionGuru. And like the strategies shared by them.

And from the method given in video we will make profit if market is sideways or in opposite direction. If we have bought future and price is going above then we will make less.

This method doesn't completely hedge you. And you will start making loss if there is a continuous upside/downfall of around 300 points & this normally happens inside bank nifty. Check today and yesterday stats.

yeap. we need to adjust anyway. i would like to see options as SL for Futures and vice versa kinda balancing each other.

sure you will have your own reasons have made the strategy this way. you are so generous to share it here in the forum. thank you and good luck.

 

[yroyal]

Hi,

I tested this strategy myself and it is working perfect for me.
This strategy works in every market conditions like Upside, downside or sideways.
No carry forward, No technical/fundamental Analysis, Less margin in intraday


Best time to take position At 09:30 -10 AM:
But you can take position at any time in the day. You will surely make profit.

Sell current week
ITM/ATM Call
ITM/ATM Put

On wednesday/thursday sell next week CALL & Put

At the same time draw a straight line at the Banknifty future Chart at the current price

If banknifty future is below that line sell Banknifty future
If banknifty future is above that line Buy Future

Keep the positions opened till market close and keep your future stoploss at line.

Exit future trade position as soon as price cross the line in opposite direction. And place another order as per future price direction from the line

There are chances that you have to take multiple orders in future if sideways.
But this amount will be covered by your option selling in sideways.

You will make big if trade is in any one side of your line.

We are not going to make money from future here. We will take benefit of option selling. Future is for hedge only.

Let me know your views

In Technical Lingo this strategy is called Reverse Gamma Scalping.
Google to learn more

 

[pannet1]

In Technical Lingo this strategy is called Reverse Gamma Scalping.
Google to learn more

and if you are long on both the options its called Gamma Scalping.

 

[suryameet25]

today @ 10:13 AM

Sold 20200 CE @ 198
Sold 20300 PE @ 163

Future Long @ 20313

future Stoploss @ 20310 with 2 lots. 1 Will be open if price is below my line.

Let's see today's results

 

[cinderblock]

today @ 10:13 AM

Sold 20200 CE @ 198
Sold 20300 PE @ 163

Future Long @ 20313

future Stoploss @ 20310 with 2 lots. 1 Will be open if price is below my line.

Let's see today's results

When did you buy futures?

 

[suryameet25]

When did you buy futures?

At the same time around 10:14 AM

 

[fnoQ]

Hi surya thanks for sharing idea , while bnf at 20313 shorted 20200 ce ITM call ok , 20300 pe is ATM , shall do like this ? have to take 20400pe for ITM put ? as you told in opening , assume put a line at 20313 in bnf after 10.14 touched low 20307 , exited ? and take short or how to do that in future can you please tell me surya ?