In today’s episode, Apurva Sheth is in conversation with Harshit Dixit, where they will discuss intraday strangles selling with delta hedging. The episode starts off with Harshit Dixit describing his journey in the stock market. He shares that in a long-term position, every strategy can be profitable if you know the entry and exit points. He explains how you can master the intraday short strangle strategy and what a short strangle is.
He shares two steps to minimize the loss:
1) Applying the stop loss
2) Taking strangles in the direction of market movement
Harshit suggests entering the trade at 9:30 a.m. every day. He also suggests making adjustments when the delta of both legs differs by 0.2 delta. He explains 2 main exit criteria:
1) Whenever a strangle turns into a straddle
2) When the total loss approaches 1%.
He also showed the backtest result of the strategy and how to deploy it in the real market.
We are certain that this conversation will provide you with great insights and bring out a smarter options trader in you.
The topics covered by Harshit include-
1 - What is short strangle
2 - Setup Strategy
3 - What is Delta
4 - .2 Delta Strike
5 - Intraday Strangle Selling
Timeline:
00:00 Introduction
01:56 Harshit's journey
08:41 Introduction of the topic
10:39 Short strangle
13:02 Setup of strategy
14:27 What is delta?
17:44 Adjustments
21:35 Exit criteria
25:55 Backtest result
36:06 Conclusion
We're certain that today’s episode will improve your ability to know about the mastering Intraday Short Strangle Strategy
About Harshit Dixit
Harshit Dixit has completed his postgraduate degree in MBA (Marketing and Finance). He has worked in corporate for 8 years. He has been actively trading for five years. He prefers to trade non-directional index strategies. Also, he has managed 6 crores for a corporate desk using hedge strategies like Iron fly and Iron condors. He has also dubbed his voice in many projects. Along with full-time trading, he is a business consultant for Amazon India.
About The Right Choices with Oracles of Dalal Street
:
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Head of Market Perspectives & Research at Samco. He has more than 11 years of experience in financial markets. Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you. Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our KZfaq channel.
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