AXISBANK Monthly Income Strategy: August 2024 Expiry | Proven Options Trading

Unlocking consistent monthly income from the stock market is a dream for many investors. With the "Monthly Income Strategy in AXISBANK for August 2024 Expiry," this dream can become a reality. This proven strategy, tailored specifically for AXISBANK options expiring in August 2024, offers a unique approach to generating reliable returns, even in the face of market fluctuations.

This strategy isn't just about one-off gains; it's designed to provide a steady income stream month after month. By strategically utilizing options, investors can capitalize on both rising and falling markets, making this strategy remarkably adaptable and resilient.

Whether you're a seasoned trader or a newcomer to the world of options, this article will guide you through the intricacies of the "Monthly Income Strategy in AXISBANK for August 2024 Expiry." We'll break down the complex concepts into simple, actionable steps, empowering you to implement this powerful strategy in your own portfolio.

This strategy is a cornerstone of our "Option Strategies: A Mentorship Program," where aspiring traders gain in-depth knowledge and hands-on experience in advanced options trading techniques. Our mentorship program is a comprehensive learning journey, equipping you with the skills and confidence to navigate the dynamic world of options.

AXISBANK Monthly Income Strategy

Before we move to our strategy, let's check the AXISBANK chart first. Finding the trend of any particular stock is the first step in creating an option strategy.

If you look at the chart, You will find that After a decent fall, AXISBANK is taking support near 1160 and trading in a range while the overall trend is Neutral. This is the ideal condition for a delta-neutral & theta-long strategy.

Now let's look at the Open Interest also:

Based on the Open Interest data, 1100 is acting as strong support & 1200 is acting as strong resistance for the AxisBank 2024 expiry.

Now we don't find a major breakout in AXISBANK. So we can create our monthly income strategy in AXISBANK while keeping delta-neutral and theta-long.

There are some more rules also to select a stock for this strategy that we teach in our Mentorship Program.

AXISBANK Monthly Income Strategy for August 2024 Expiry

Here is the AXISBANK Monthly Income Strategy for August 2024 Expiry:

Strategy is:

• Buy Future & 1140 PE
• Sell = 1200 CE & 1220 CE
• Greek behaviour: Delta = Neutral & Theta = Long

As I mentioned earlier, we keep delta-neutral and theta long for this strategy. If any point delta goes above or below a certain level we adjust this strategy to make delta neutral.

We will also follow 1200 as SL and adjust this strategy if AXISBANK hits 1200 in the coming sessions.

We share and update about the adjustments in our premium group. So if you want to learn this strategy or some other advanced strategies, You can subscribe to our premium subscription to receive the adjustments and other premium monthly income strategies directly into your mailbox.

If you have any queries, feel free to post in the comment box.

Conclusion:

The "Monthly Income Strategy in AXISBANK for August 2024 Expiry" offers a unique opportunity to unlock the potential of options trading for consistent income generation. By understanding the intricacies of this strategy and implementing it effectively, you can set yourself on a path toward financial independence.

But remember, options trading is a dynamic field. To stay ahead of the curve, continuous learning and adaptation are key. That's where our community comes in. We actively share updates and adjustments to strategies within our mentorship group, ensuring you're always equipped with the latest knowledge and insights.

So, if you're serious about mastering options trading and uncovering even more advanced strategies, consider enrolling in our "Option Strategies: A Mentorship Program." It's not just a course; it's a community of dedicated traders learning and growing together.

DISCLAIMER: – we are not a SEBI research analyst. Views are posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods.  This information should only be used by investors and traders who are aware of the risk inherent in securities trading.