DESCRIPTION Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018. For Live Trades & Market, analysis Join my Telegram channel for Free Search ITJegan in the Telegram app & follow @ITJegan on Twitter t.me/itjegan --------------------------------------------------------------------------------------- Discount Offer for Sensibull & tradetron Subscription, click here. Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney Sensibull Subscription link: pages.razorpay.com/itjegan --------------------------------------------------------------------------------------- To Open a Trading and Demat Account, you can use the below link, ZebueTrade: zebuetrade.com/itjegan/ Zerodha: zerodha.com/open-account?c=ZM... Motilal Oswal: www.motilaloswal.com/open-dem... Alice Blue: abopening.online/CAPITALZONE/ ---------------------------------------------------------------------------------------- Subscribe to CapitalZone : kzread.info Subscribe to our தமிழ் Channel CapitalZone: kzread.info/dron/ke6ygIkcouKm7R3nLSyalA.html ---------------------------------------------------------------------------------------- WORKSHOP DETAILS: Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders. 👉Topics: capitalzone.in/topics/ 👉Enroll Here: rzp.io/l/G1rrn8POy 👉Schedules: capitalzone.in/schedules/ ---------------------------------------------------------------------------------------- For Trading Account Opening and Other financial services, can reach us at: Phone\Whatsapp\Telegram: +91 9962143422 Free Telegram Channel: t.me/itjegan Twitter: twitter.com/itjegan/ Facebook:facebook.com/capitalzoneitjegan LinkedIn:www.linkedin.com/company/capi... Instagram: instagram.com/capitalzone_itjegan/ Website: www.capitalzone.in/

@ummedsinghbhati9203

4 ай бұрын

😅😅 0❤️❤️😄

I may try this 9:20 strategy, the training was very clear and thorough. I am not a newcomer to trading but yes for option selling

Best strategy for option sellers , no one tell , Thank you Jagan ! No need any other strategy.

This is my first fully understand Jegan's video.

Excellent Presentation and relevant till today even after 2 years 🙏🏻

Excellent concepts Jean... thanks a lot for sharing such a great concept

Excellent explanation good solution for straddle to exit with less stoploss or nil

Superb strategy...with very less risk

This adjustment is so well thought and planned, specially on expiry this must be very effective!! Thanks :)

@deepakshukla8178

2 жыл бұрын

O

@nandakishore671

Жыл бұрын

Hey bro r u doing it now Is it good only on Expiry or we can do it on Wednesday?

@amritnathjha5638

Жыл бұрын

have you applied ever?

Very good strategies. Thank you very much.

Sir, Great explanation.

Great strategy 15000 workshop knowledge . Thank you sir 🙏

@abhishekkumar-jw6rl

2 жыл бұрын

but loss making strategy

@nandakishore671

Жыл бұрын

Hey bro r u doing it now Is it good only on Expiry or we can do it on Wednesday?

very well explained

Good strategy for people with limited funds of rs 5 lacs. I have seen markets who did first M and then W in just a single day . By 3 pm u get totally exhausted and mentally drained by doing adjustments, not to mention the brokerage pile up.where sometimes u end up paying more brokerage than profits. But end of the dayonly stradle system will make money. If unchecked and trying thousands of strategies ,one can lose rs 15 lacs in 3 years without coming to any one final strategy

What SL% shall we use for Nifty 9.20 short straddle? Does the % change depending on day [in weekly options]?

Good adjustments,, but I create short straddle in between 12.28 to 12.30 with 30% sl and exit time is 2.55 and have less chance of v-shape in this time and I also back test it and got good results 👍

@aniketsharma6215

2 жыл бұрын

Where you backtested

@arbazqureshi4839

2 жыл бұрын

@@aniketsharma6215 stock mock

@thedirectors454

2 жыл бұрын

Actually, its better to start at 9.20, so you get a better range with more time for adjustments if needed.

@arbazqureshi4839

2 жыл бұрын

@@thedirectors454 yes but chances of v shape recovery is also increase. I tried 9.20 but drawdown is high and both side sl hit 5 to 7 times in a month, but in 12.30 it's happens only 1 to 3 times

@vijayjain5534

2 жыл бұрын

True volatility decrease in between 12 pm to 2 pm and a option seller needs less volatile market 👍

Morning short.... And after 2:30 buy... So far so good.

Clearly understood

When second time saw the video fully understandable. Tomorrow onwards I will try.

@ktitanick

2 жыл бұрын

how did it work out ?

@sandippatel7527

2 жыл бұрын

Did you try?

@sandippatel7527

2 жыл бұрын

Nd what outcome

@saanvignanavishorts6142

Жыл бұрын

Hi can u tested this... Apply in market?? How its working... Is this strategy OK.... Pls give suggestion regarding this strategy...

Sir.. You are always very innovative... Your each and every video is worth watching... But over all this is the best video of all youtube sotck market related videos.. Thanks for giving us such great video.... Thank You Very Much...

Great Initiative! Who you will be in the FUTURE depends on what you are feeding your mind TODAY. We are also taking effort towards sharing knowledge through Smart trade

U r genuin person bro

excellent!

Sir u r great.... 🙏🙏🙏 Well explained.. thank you for your effort 🙏🙏🙏

U rock jagan...

thank u sir , great

Hi Jegan, I think you forgot to close the strangle loop at the end in the flowchart.. Just for info of all

whether this can apply to far weekly expiry ? or to current weekly expiry ? Strategy looks nice however need to mock test for beginners at sensibull like platforms

Hi Sir.. When we have to Finally exit.. is there any SL or we have to do any further Adjustment.. plz Suggest..

every one is gangstar untill u found DUSTER

@maheshsjoisar1151

2 жыл бұрын

🤣🤣🤣🤣🤣🤣silent joke🤣🤣🤣🤣

@chaitanyamattaparthi

2 жыл бұрын

@@maheshsjoisar1151 i think you got it

@maheshsjoisar1151

2 жыл бұрын

@@chaitanyamattaparthi full marks to your observation & comment.👍

in @9:30 you mentioned it became short strangle AGREE but now when to exit for this also?

I got from some other channel, go on closing loss making legs, whether CE or PE, go on taking new position, whether CE or PE, final result will be profit,

@saurabhgupta10

Жыл бұрын

Can you share more details ? so are you saying if CE stop loss is hit again sell CE for ATM?

Super jagan sir

Could u pls show backtest of this strategy

When market take one sl and second leg again back to its sold price exit the trade . Make a strangle of 90 /90 and Target the points lost in straddle that is 60 points .

@henki372

2 жыл бұрын

Why if sl is hit again in pe or ce ?

Did Virtual Trade , First Leg of A successful exited with a profit of Rs1444 , need to test all scenario , Looks nice Strategy

@vikasmaurya5199

Жыл бұрын

What tool you are using for virtual trade?

Woderfull Sir

Please do more videos sir

அருமையான பதிவு, நண்பா

Great👍

what if the ce of straddle A goes to 360 after hitting stop loss of pe and then reversing and touching the sold price . so we created new straddle B as well . and then the price flew back and touched ce stop loss of first straddle !!!????

Sir , when stradle a call hit sl , sell a new call of 240. 250 , or 260l and that make a new stradle with stradle a put as well. Is this idea works.

Deep knowledge. Brilliant. Thanks for sharing, jegan.

Very useful sharing of knowledge, thank you very much.

what is the end point of this last straddle (short strange)?

It's working good, I created algo for this, and Iam using daily this strategy only

@hamrik25

Жыл бұрын

what platform do use? and how do u backtest? thanks in advance

@hamrik25

Жыл бұрын

also how is the perfomance of this strategy?

@rajeshkanulla806

Жыл бұрын

1:1

@hamrik25

Жыл бұрын

Platform u use for bactest?

@rajeshkanulla806

Жыл бұрын

@@hamrik25 tradetron

Have you ever tried using your website. And your registration link doesn't work

Sirs whether a long straddle with 30% SL would get similar profits...because many of us with low capital would benefit if so

What to do if the straddle A CE /PE becomes in the money and premium is not exceeding the initial sell price even on expiry?

Hello Sir, When we create straddle B (CE of A coming to original sell price) and CE of B is hit @ 300 and we stay, and it keeps moving to 360 (SL of CE of A), do we wait or exit for CE of A? Same for other side. Pl advice.

@henki372

2 жыл бұрын

In case remaining lone pe or ce of strangle B is hit , repeat the process again .

After hitting PE stoplosss , if market goes back up and your ce becomes 300( your sold price) that means market is near ur sold strike.. now if u create B , u will have 2 CE at same strike and a PE.. if it goes up and hits ur ce SL, then u take thrice the sl against 1 pe sell… I feel probability of this happening was less until last year , but now I see this happening very frequently

@mangeshgitte1165

2 жыл бұрын

To avoid this , instead of 9.20,start straddle at 11am

@sriramh

2 жыл бұрын

@@mangeshgitte1165 ok .will test ji.

I have taken back test in stock mock with the conditions that, Entry 12.20 on weekly expiry day. Both legs short around premium each ₹100. Immediately put SL @30% for each legs. After hitting SL any leg, immediately you change the SL of other leg to its buy/entry price. By this, we can restrict loss ₹30×25= 750 max. on the day. If another leg runs profit let it to run the premium of the leg erodes maximum or mtm runs profit above ₹1100 . As such, result given in past 52 weeks 37 trades success. 15 trades given loss max. ₹750 from each trade. If you take shorts with 10% of premium hedge, margin will be around 75k. Profit given in past 52 weeks ₹37k. If anybody wants to check, please take back test in stock mock.

@sajupurushothaman6175

Жыл бұрын

Looks Nice , so you are not creating the second Legs instead adjusting the SL for the non SL Hit Leg right ?

@sajupurushothaman6175

Жыл бұрын

Whether this applicable to Intraday or only to weekly expires

@govindaraj13561

Жыл бұрын

@@sajupurushothaman6175 yes. only on expiry day trade. After one leg hits SL, then remaining leg will continue upto his entry price. Because we fix loss for only one leg. Another leg let it run either profit or upto its entry price.

Why not flip the position by selling ATM strike and convert to strangle ?

When we create second ie B straddle, do we still have to keep SL for A straddle, single leg?

@nandakishore671

Жыл бұрын

Yes

Wow, that's really nice of you sharing this to public !! This is magic friends !! If you truly understand it, you will be inevitable :)

@nandakishore671

Жыл бұрын

Hey bro r u doing it now Is it good only on Expiry or we can do it on Wednesday?

What is the winning chance?

If market reverses and hit CE SL.... both CE will hit... Becouse we already adjust when CE become breakeven...

@rizrafiq8934

2 жыл бұрын

This was my doubt, how it become shprt starddle or strangle , if starddle B cE sl hit, straddle As CE will also hit in most of the cases... if both hit what to do with that naked pE

@henki372

2 жыл бұрын

@@rizrafiq8934 then make another straddle at the atm

@rizrafiq8934

2 жыл бұрын

@@henki372 straddle will be the solution

When we close first straddle do we get any time decay points

Wah🙏🏻

Sir, once strangle is made, what's the exit strategy of the last strangle that we created?

@setgautam

2 жыл бұрын

3:15 or 3 PM as ur original exit time was...

@MrNileshvaghela

2 жыл бұрын

Same question in my mind. Pls reply sir

@abhishekkumarsingh4840

2 жыл бұрын

@@MrNileshvaghela it is better to do fixed SL straddle compared to adjustments.

@setgautam

2 жыл бұрын

@@abhishekkumarsingh4840 in current scenario bro...both side SL will be hit in majority of the cases...

When your straddle B CE hits stop loss, if market goes little faster then straddle A will also hit it's SL of 360, if that happens you hit 3 SL from 2 CE and 1 PE which will get us 170 SL with one PE holding. I am beginner in Options selling and selling next month expiry OTM on Nifty and I had only once hit SL and I exited the position accepting the loss and able to make profit decently in a volatile market, I feel that is safer than this strategy. I was loosing big as option buyer before and as a option buyer I always learnt you will make money when you take nearest expiry and ITM position so I take the exact opposite for my selling strategy to take next month expiry OTM selling position. Currently holding 17000 PE and 18000 CE of Jan expiry when nifty is at 17500. Profit will be very little but I beleive we can make 0.5% consistently profit on daily basis

@madanmohan2389

2 жыл бұрын

HII DEWAN, I AM ALSO NEW IN MARKET, PLZ SHARE YOUR STRATEGY , CAN WE CONNECT THROUGH TELEGRAM OR WHATSAPP?

@hpvyas

2 жыл бұрын

Please tell me wapp no. I want to know about this stretargy

@pankajdagar

2 жыл бұрын

Thats the comment i was looking for...🤣🤣🤣 instead have strangle, thats more convenient to adjust

@pavanthalla8586

2 жыл бұрын

@@madanmohan2389 hi

@madanmohan2389

2 жыл бұрын

@@pavanthalla8586 yes bro

one more thing is it is impossible to get both the premium at 250 when ce premium touches 300 again if it is not atm..

What should be the strike price for stradle B ..?

@brotherswithlife2357

2 жыл бұрын

If pe or ce reaches the sold price of Straddle A(ex.300) on that particular time banknifty spot price ATM you take straddle B hope you understand now

Good one , can you backtest for 2 Nov 2022

@CapitalZone

Жыл бұрын

For Back testing, you can explore more here, www.quantman.in/?locale=en&referred_by=itjegan

In the end up making a loss. No adjustments and since if we go for nifty the range will be very less. Banknifty the market is very volatile.

Straddle B which strike?? Same strike

One doubt. I am creating Straddle b AFTER Straddle A's call option premium already reached Rs 300 (my selling price). then how can i get the call option for the same strike price at Rs 250 for Straddle B? It can only be a different strike price further OTM right?

@henki372

2 жыл бұрын

Yes make stradle B at the existing price of atm ce and pe

Sir, fine, my doubt is , if PE is hit SL and come back to CE price, here we should take another straddle. Right. Now here CE 2 lots and PE 1 lot exists. As the straddle B is initiated at CE (straddle.A) became it's entry price. So, now we have CE in both straddle A& B in the same price, If CE is hit SL, there will be 2 lots of CE will give question 20+20= 40% loss. Already we have faced PE 1 lot SL 20%, If this process is continued full day alternatively we may face continuous loss only. What is the other weapon to protect further loss. This is my vital question.

@viswanathanperumal3889

Жыл бұрын

Only if you choose Straddle at the price of around 250, it may works. As Jegan told , you can't choose same strike price of Straddle A. My question is , finally it becomes short strangle and he finishes. Whether it gives profit or not?

@MMuthu4322

Жыл бұрын

I too had the same question, Have you got the answer?

@don5629

Жыл бұрын

If you have Opstra or any other option simulation. Please try 15-07-2022 to 21-07-2022(Expiry). BNF 9:20 ATM 34800 Strike. I have no clue what to do in the end. If I keep the strangle till the end, one lot gave me the loss of 22k. LOL @CapitalZone please guide what to do.

@hamrik25

Жыл бұрын

He mentioned that it can be the same strike price, at 5:59 minute & therefore yes, in staddle B, there will be 2 call options and both will hit SL, put your PE then should be in profit for the rest of the day. Incase crazy happens and your PE is aslo hit, yes. this would be a rare case scenrio, but i think cosider that day as a draw down, but your losses will be limited atleast..

@hamrik25

Жыл бұрын

@@viswanathanperumal3889 no sir, he mentioned that it can be the same strike price as straddle A. 250 was an example.. usually it depends on what strike price is going on, when ce of starddle A would be coming back to 300.. it can be the same strike price or different

Sir if after creating straddle B if Sl of other leg of straddle A gets hit, what shall we do. bcse we don't have strangle anymore. Kindly try to answer sir

@thedirectors454

2 жыл бұрын

We creat Straddle B after the SL hits one of the leg in straddle A.

@henki372

2 жыл бұрын

Then u again make new straddle B

@pavanthalla8586

2 жыл бұрын

Exactly same doubt here

what if both SL is hit on A straddle?

Can we try it on expiry day?

please explain with the help of opstra

9:06 I think it's won't be a strangle/straddle again Because when the second leg of straddle 1 is going to hit the sl Automatically the 2 nd straddle leg also hit the sl So in this kind of situations we may get 3 legs stoplosses will be hit

@hamrik25

Жыл бұрын

i think at that point, its all about reducing losses. The chances of what you said happening are low, becuase when price comes back to 300, the straddle B created would mostly be of a different strike price.. and the 300 wala ce might remain OTM and give profit..

@jacobd278

Жыл бұрын

@@hamrik25 300 rs ce will be itm because, time decay would have taken some premium away. So if ce comes back to original price, it will be itm. Right?

So incase of v shape, we lose 120 rs from straddle A and may gain 10 or 20 from straddle B. Am I right?

@henki372

2 жыл бұрын

I think in v shape v do breakeven so thr is no exceptional loss so it helps in monthly roi

Which strike price should be selected for straddle B ?

@thedirectors454

2 жыл бұрын

ATM

@manishgmnaidu7460

2 жыл бұрын

@@thedirectors454 bro , if price is coming back to 300 then you’re creating atm short straddle , it will be 300/300 right and not 250 250 😅🤔

While explaining it seems like market is giving pause at fixed price to do adjustments for us but in reality execution will be very difficult for strategy like this.. why are you guys make strategies this much complex.. simple things works in market..

Sir how many capital want to sell

if B's CE SL hit then soon A's CE Sl will hit, in this case we are giving 3 SL and carring only one PE of B. 3 SL and 1 winning PE leg, how it will compensate? it may fail and increase the losses, correct me if m wrong or misinterpreted, m just trying understand deeply.

@nandu815

5 ай бұрын

I'm also trying to monitor the doubt.

What happen if both ce stop loss heat

@capitzone big fan of you sir, Sir small doubt, whenever call SL hits of straddle B, then straddle A call also hits the SL. Then how they form a strangle or straddle ? Please reply me sir thank you

Is there any need for atm premium matching??

@CapitalZone

Жыл бұрын

Not required,

Hey Jegan, Why are you confusing others, multitime 9 20 straddle has given 5 percent return today. Just explain to others in simple words

@nallaperumaln8189

Жыл бұрын

What is multi time 9.20,not clear, can you explain sir

Sir straddle B has to be made even when CE of the straddle reaches Rs 240 rather than Rs 300 the sold price SINCE WE ALREADY LOST Rs 60 . I think this is more safe than creating straddle B when price the CE of straddle comes back to Rs 300.

@massmano08

2 жыл бұрын

But how will you know that CE will go back to 300 when it is 240

@henki372

2 жыл бұрын

What if mrkt keep falling, then ur instantly made stradle B will make u loss in its pe.

@manishgmnaidu7460

2 жыл бұрын

@@henki372 you will not be in loss as you SL of PE B will be hit and you have sold 2 call options against one pe sell.

@manishgmnaidu7460

2 жыл бұрын

I was thinking the same, immediately create at the money short straddle when sl is hit on side.

@venkat2866

2 жыл бұрын

@@manishgmnaidu7460 you can but if it's gonna be a trending day,then ur profits will be less as either CE or PE of straddle B will be hit and you would need additional margin to hold this

What if CE of both straddle A and Straddle B hit stop loss at the same time?

@redbull111589

2 жыл бұрын

PE of Straddle B will be making profit. Maybe, on the whole, the loss of 20% from PE of Straddle A needs to be recovered as well.

@henki372

2 жыл бұрын

Then exit all trades and restart the system again

how it is possible if market is down and Put stoploss will hit.

When straddle B, ce hit SL,can't straddle A ,SL can also triggered if premium not down

@MrOptimusPrime.

2 жыл бұрын

Both same strike price. First straddle sold at 300 Rs. Market after going down and rising up, ce price may not be 300. It will be less than 300. say for example 260. now making straddle at 260 rs. so stop loss 20 percent for 260 and 300 are different.

Who ready to take risk 120 to 140 point then take this type adjustment Because already 60 point loss, when ce A prices again comes 300 He make Anthor straddle B ce and pe 250 it's just 100 point strike different if ce straddle B sl hit, A also hit sl that time, pe will be trade 200 220 range, 3sl hit 60+60+50 = 170 point loss 1pe 30 to 50 point only you will get

@250089

5 ай бұрын

You are right ❤

When straddle A stop loss hit for both CE and PE, better to avoid that day. Market clearly saying "I want to swing both the sides today 🙃🙂"

@tnsharma1993

2 жыл бұрын

The 9.20 strategy will give profit only if market trends to one side i.e either up or down. But if market is swinging both ways, creating one more straddle may limit losses.

@Chandrasekar_bs

2 жыл бұрын

@sharma , when can enter in to 2nd straddle?

@SuperRatnareddy

Жыл бұрын

@@Chandrasekar_bs 2nd straddles should apply once ur 1st straddle ce or pe hits stoploss(20%)

@nandakishore671

Жыл бұрын

@@tnsharma1993 yup if you have margin surely

How much brokerage is s needed

jagan bro... You'll still have 2 SL losses 60 and 50 RS... and you'll pay extra brokerage.. How is this an adjustment to turn a crisis into a profit..??

@pradbourne2446

2 жыл бұрын

jegan does not pay brokerage. he is sub- broker for his algo customers. so he does huge adjustments.

Sir Is that you have algo for This adjustment

@rajeshkanulla806

Жыл бұрын

I have

How can stoploss for both be 360.

Only In theory this is good Strategy !!

just apply this theory on nov. 30, you will come to know how it works.

Both Premiums are not equal while at entry

Thanks ❤️🙏

it will not workout sir, in first example as you told we haveto sell two lot of ce and one lot pe, if CE hit stop loss then we will loss two lots and one lot already we lost in pe so total 60 percent, Will it will get cover by one put how is it possible..

🙏

That was Gyan and nowhere we can find this in any books. Thanks a lot Jegan....

Why do not we simply buy or sell future and take opposite long option position instead . once the long gets 60 or 80 % profit exit and wait for future position to catch up and also take OTM long for hedging . this way you see profit. this can be applicable for positional trade also.

@maddyrider1

2 жыл бұрын

60% profit of what?? What do you exactly mean by catch up?

@srinivenkat494

2 жыл бұрын

@@maddyrider1 option buy shoots up depending on future movement.exit option @ profit when it reaches 80 percent and buy another otm as hedge..

@maddyrider1

2 жыл бұрын

@@srinivenkat494 in this situation if put option buy gives you 800rs profit at any time then the future buy is going to be in (- 1000)... Which means net (- 200rs) if you exit put buy at this point which according to you is say 80% gain of buy