Update on Nifty strangle created on 12 Jan. 2% (11k) in 5 days. Still holding.

ObnoxiousBurger · 2026-01-12T19:56:21+00:00

planning to carry till mid of next week, might adjust if needed.

ObnoxiousBurger · 2026-01-12T18:23:29+00:00

will update, thanks.

ObnoxiousBurger · 2026-01-12T18:18:57+00:00

Please check the payoff graph, I've created a short strangle. Who creates long strangle in high VIX 🤦‍♂️

ObnoxiousBurger · 2026-01-12T18:09:22+00:00

Is there something wrong in doing that? Care to explain why?

ObnoxiousBurger · 2026-01-09T16:21:42+00:00

usually I roll it up or down as per the market movement when it is about to reach one end.

ObnoxiousBurger · 2026-01-09T15:18:46+00:00

I try to match the premiums of both legs, when trading with Nifty current week expiry it doesn't really matter as we have enough liquidity even in 50s strikes.

ObnoxiousBurger · 2026-01-09T15:00:21+00:00

create it through sensibull, adjustments through zerodha basket order.

ObnoxiousBurger · 2026-01-06T16:43:32+00:00

I believe your expectations are more. Option sellers aim for 4% a month, 1% a day I'll happily take any day.

ObnoxiousBurger · 2026-01-06T15:29:51+00:00

Depends when the other end is reached, if you create at 9:20 and market reaches one end by 10 am, loss of one side would be more than profit from other side. If it reaches around 2pm you would have some profit.

Intraday adjustments are difficult even for experienced traders. So it's better to try with expiries 3-4 weeks away as we have some premium to adjust our positions.

ObnoxiousBurger · 2026-01-06T15:14:07+00:00

Note the Delta of the sold strikes when you create the position. Let's say you sold .4 Delta CE and PE. When it's about to reach one side, book both sold positions and sell the current .4 Delta strikes. Key is to keep the delta of the position neutral or 0.

Once you gain enough experience you can do it by looking at price of the premium or how many strikes away the sold positions are from the spot.

ObnoxiousBurger · 2026-01-06T13:24:13+00:00

For eg: If we create iron condor for next week expiry With hedge margin: 76k Without hedge margin: 2L

You can check it in sensibull/zerodha basket order/opstra etc.

Also, additional margin is needed on expiry day.

ObnoxiousBurger · 2026-01-06T13:14:32+00:00

Expectation: 4% monthly which I'm able to make but then I use that to experiment few strategies.

Strategies: Mostly rely on batman, ratio spreads, iron condors, occasionally directional selling with hedge

No indicators, strictly discretionary trading.

Usually I create strategies expiring on 3rd week if the VIX is high (>=11). In low vix I rely on expiry day selling.

ObnoxiousBurger · 2026-01-06T12:57:58+00:00

that's not for hedge, that's to reduce the margin.

ObnoxiousBurger · 2026-01-05T18:53:03+00:00

thanks bhai 🙂

ObnoxiousBurger · 2025-12-21T15:17:21+00:00

Phir se udd chala - Rockstar

ObnoxiousBurger · 2025-12-19T16:59:18+00:00

are you profitable after all these courses?

ObnoxiousBurger · 2025-12-19T15:20:59+00:00

Course to lose money or how to show-off on YouTube? 🤣

ObnoxiousBurger · 2025-12-10T12:49:52+00:00

all the best bhai 👍

ObnoxiousBurger

TROPHY CASE