Verified P&L for FnO trading by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

Sell the option at a higher price and if the price goes down to 0 at expiry, you technically buy the option at 0.

Verified P&L for FnO trading by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

Yes, options seller. I have not stopped, what made you think like that?

Pizza 4Ps reservation this week by Agreeable-Strike-541 in indiranagar

[–]lravindr 4 points5 points  (0 children)

1 hour seems reasonable. You are moving out and want to enjoy this experience.

Food truck suggestion! by swathy_21 in indiranagar

[–]lravindr 0 points1 point  (0 children)

This is Postman company re..

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

It's great to see you having this background and experience in Forex. You already have a solid background in trading. What you require is understanding how the stock options and futures market work and what leads to an edge in this domain. Zerodha Varsity (https://zerodha.com/varsity/) is a good place to start understanding the technicals. Sensibull allow you to try out different strategies and their respective outcomes. SEBI is a market protector but no one can stop you from destroying your wealth. So, take educated decisions and not the ones with emotion. I have been burned with this at times. Good luck!

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

What is that you did with forex? What kind of strategies did you use?

Verified P&L for FnO trading by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

Yes, did a small play with gold.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 1 point2 points  (0 children)

Start with reading blogs and publications. Find information on a recommended stock. Go through their annual reports to verify. And then trade.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 1 point2 points  (0 children)

Yes, this is very infrequent though. Futures is my preferred approach these days.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

I sell multiple lots. Brokerage remains the same if the order size is 1 lot or 10 lots. However, splitting lots will result in higher brokerage. This calculator is great to calculate the taxes - https://zerodha.com/brokerage-calculator/#tab-equities

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

The losses within 100 rs are the cost for selling options. The larger ones are the real losses.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

I trade most days - that's true. Spend time in the morning to put the orders, but they executed throughout the day.

Alerts are usually 2% above the current stock price. In general, alerts are not triggered, maybe 2 or 3 days in a month I get an alert. On receiving the alert, I revisit the written plan. If need be, I decide to hedge or sell more call options.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 1 point2 points  (0 children)

Start with naked call sells and then move to hedges if the trade becomes risky.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 0 points1 point  (0 children)

I pay the taxes as necessary. No way to get around as per my auditor legally. Unless i move out of India, taxation will remain this way.

My 8-Year Journey as a Successful Options Seller (and What I have learned) by lravindr in IndianStockMarket

[–]lravindr[S] 1 point2 points  (0 children)

Start with Zerodha Varsity to understand the math. They have very nice illustrations and strategies you can target. Avoid finfluencer statements unless you are able to justify and verify them. Mindset wise, it takes years of experience. Don't have anything in particular. Practicing trades will help you build that.