Weekly Options Strategies with 3 tips to be a better option trader

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Hello dear friend, I wish you a very happy and prosperous Diwali. In every weekly newsletter, I’m sharing Nifty and BankNifty weekly options strategies along with some valuable suggestion one can follow to be a successful trader.

In today’s article, I’m sharing 3 valuable tips one can follow to manage their trading activity more efficiently. So read this article till the end to learn from the quotes by 3 most successful traders and investor of this world.

3 tips to be a better option trader

You know options have a nature that all OTM option strikes become zero on expiry. That means the capital you are putting in that trade will be zero if your option remains OTM. So the first thing you should do is,

You should invest only a small portion of your capital.

bruce kovner quote

Bruce Kovner Says:  “Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risk, on a trade they should be taking 1 to 2% risk on.” 

That means you should not take a big risk on a single trade. Ideal risk per trade is 2% of your entire trading capital. For example, If I have a capital of 1 Lakh ₹, my risk per trade should not be more than 2000₹. 

If you are following this, You chances will be much high to stay here for longer-term. And if you stay on the pitch for longer-term, runs will come automatically. 

Follow your system with pepper discipline and patience. 

Michael Covel Quote

Michael Covel Says – “Never, ever argue with your trading system”

Every system has it’s own limitations. So if you are in the loss today that’s not mean that your system is not good enough. The everyday market is behaving in a different way. Some day I will make money and you lose and the next day I will loose and you make money.

So your first job is to build your system with your Risk management rules and then follow it blindly. If you follow your system, sooner or later you will get your reward.

Always calculate your risk first.

Peter Borish quote

Peter Borish says – “We want to perceive ourselves as winners, but successful traders are always focusing on their losses.”

Most traders are always fascinated about the profit but rarely calculate their risk. But if you want to be a successful trade and wanted to trade with proper risk management you much calculate your risk first.

If you are not calculation your risk this is like you are jumping in a well without knowing it’s depth. You can imagine yourself how dangerous it is. So, calculate your risk first then your reward, it will help to manage your risk and you can improve your trade selection.

I hope these three tips will help to manage your trading activity more efficiently. If you have any query just type in the comment box. I will love to help in every possible way. You can follow on below networks for more such valuable contents.

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Nifty weekly analysis and Weekly Options strategies

nifty chart today

In the last 2 week, we saw a huge rally in the market. This rally helped nifty to achieve both the targets I have shared in my last weekly options strategies post and make a new all-time high at 12769.75. After making a new all-time high, nifty is taking some break and trading near 12700. This week

Now if manages to sustain above 12500, we may see some new targets of 13000 & 13500 in coming sessions. The overall trend is UP, and there is no sign of weakness. So we should only look at long opportunities. Do not trade based on the hope that the market is the highest level, and now it will come down.

On the downside, 12500 & 12000 is acting as strong support levels now and breakdown from 12000 will trigger a new sell signal.

Important Announcement: From the coming week, I will share some positional trades on the below networks. So follow me these platforms to get timely updates and levels.

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Nifty weekly option chain analysis

nifty weekly open interest analysis

Based on option chain data available at the time of writing this post, the highest Open interest stands at 13000 CE & 12600 PE, followed by 12700 CE & 12500 PE. PCR of all strikes is 0.99, which indicates a neutral market. PCR at 12500 stands at 7.91, which is acting as an immediate support level.

The Put-call ratio at 13000 stands at 0.02, which is acting as a resistance level. Equally, important indicator Option Pain is at 12700, indicating weekly expiry at 12700. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on both side. Indicating good pressure from higher levels. So based on the OI, the possible range for this week should be 12500 – 13000.

Keep tracking change in open interest to analyze market participant’s behaviour, so that you can adjust your position accordingly. If you don’t know how to do weekly analysis to find the best Weekly nifty and bank nifty weekly options strategies. Just enroll for our Option Strategies – A Mentorship Program.

Nifty Weekly options Strategies: Iron Condor

nifty weekly options strategies

Possible adjustments for Nifty options strategies:

Initially, you can keep a stop loss of 12450 & 12950 for this strategy. Means square off if you find nifty is giving a breakout or breakdown. Or you can do this adjustment too. ( Do not hold this strategy is loss is more than 2000₹).

If you find that Nifty is giving a breakdown and sustaining below 12450, then square off call spread and bring it down to 400 points lower levels.

The same thing you can do with put spread means if you got a breakout from 12950. You can shift your put spread to 400 points up.

If you want to learn how to do weekly analysis to find the Weekly nifty options strategies with adjustments in more practical ways with live mentorship, You can enrol in our Option Strategies – A Mentorship Program.

BankNifty weekly analysis and Weekly Options strategies

Banknifty chart today

In the last 2 week, we saw a huge rally in BankNifty. After made a high of 29030.90, we saw some decline due to profit booking at a higher level. Now, If BankNifty manages to give a sustainable breakout from 29100, we may see some new higher targets at 31000 and 32500 in the coming sessions.

On the downside, 26300 to 25300 is acting as a strong support zone, and a breakdown will give us a new sell signal in BankNifty. The overall trend is UP, and there is no sign of weakness. So don’t take a counter trade in the hope of some decline.

Weekly Bank Nifty options chain analysis

banknifty weekly open interest

Based on Bank nifty option chain data, the highest Open interest stands at 28500 CE & 27500 PE, followed by 29000 CE & 27000 PE. PCR of all strikes is 1.07, which indicates a neutral zone. PCR at 27500 stands at 9.84, which is acting as an immediate support level.

The Put-call ratio at 28500 stands at 0.23, which is acting as a resistance level. Equally, important indicator Option Pain is at 28000, indicating weekly expiry at 28000. A shift in option pain will provide further levels.

If you don’t know how to do the weekly analysis to find your bank nifty weekly options strategies, Just enroll for our Option Strategies – A Mentorship Program.

BankNifty weekly options Strategies

Due to the highly volatile market, we are not initiating any weekly strategy this week. Please follow us for some more strategies on below networks.

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Post your comments in the comment box if you have a query related to the weekly analysis and Best Nifty and Bank Nifty weekly options Strategies. You can ask any question related to option trading in the comment box.

If you need More real-time assistance on how to find the Nifty and Bank nifty weekly options strategies, Can take our premium subscription or open a trading account with us and you will get real-time assistance every month on the weekly analysis with Nifty and bank nifty weekly options strategies. You can contact us on WhatsApp

*( Please avoid any question like which Call or Put we should buy in the coming week).


Options Strategies – A Mentorship Program

On September 01, 2019, We have launched a new mentorship program for Option selling strategies, in which we’ll discuss how can we deploy these Options strategies? What rules we should follow before taking a trade? And what should be our adjustments if the script is moving against your prediction?

The best strategy for Bank Nifty Future Intraday

We introduce a new BankNifty Future best strategy for Intraday. Giving a decent return consistently. Please check the link below for more information.


DISCLAIMER: – we are not a SEBI research analyst. Views or the weekly analysis with nifty and bank nifty weekly options strategies 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.

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8+ Years working as a derivative trader, Option Writer, Blogger, Trader by passion, Keen Follower of Indian share market

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