SBIN Monthly Income Strategy: July 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 SBIN for July 2024 Expiry," this dream can become a reality. This proven strategy, tailored specifically for SBIN options expiring in July 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 SBIN for July 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.

But you don't have to wait to start your learning journey! Join our exclusive FREE webinar on June 26th, 2024, designed exclusively for our mentorship students. This webinar will provide a deep dive into the "Monthly Income Strategy in SBIN for July 2024 Expiry," offering a unique opportunity to learn directly from the experts. Don't miss this chance to unlock your full potential as an options trader. Sign up today and embark on a path towards financial freedom.

SBIN Monthly Income Strategy

Before we move to our strategy, let's check the SBIN chart first. Because Finding the trend of any particular stock is the first step to create any option strategy.

If you look at the chart, You will find that SBIN is trading in a range while the overall trend is UP. 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, 800 is acting as strong support & 850 is acting as strong resistance for the July 2024 expiry.

Now we don't find a major breakout in SBIN. So we can create our monthly income strategy in SBIN 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.

SBIN Monthly Income Strategy for July 2024 Expiry

Here is the SBIN Monthly Income Strategy for July 2024 Expiry:

Strategy is:

• Buy Future & 820 PE
• Sell = 870 CE & 880 CE
• Greeks 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 870 as SL and adjust this strategy if SBIN hits 870 in the coming sessions.

We share and update about the adjustments in our mentorship group. So if you want to learn this strategy or some other advanced strategies, you can enrol to our mentorship program.

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

Conclusion:

The "Monthly Income Strategy in SBIN for July 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.