Expiry Day FireFighting Strategies on Nifty50

By Balachandran Viswaram

This book is dedicated to all option traders who plan, test & trade on Nifty50, BankNifty or FinNifty indices. We will discuss some safe positional strategies like the iron condor, credit/debit spreads that comes with a defined max profit & max loss.

We will also discuss and evaluate how to handle the max loss via firefighting strategies (mostly intraday) so that on a weekly basis we either

· Close the positional trades in profit
· Reduce our losses even below the defined max-loss.

This handbook will be 100% beneficial if you are starting your options trading career. If you are already trading, most of these strategies outlined might be familiar to you. Have an open mind and try to re-learn these the right way so that you know which strategy to pick based on the market conditions.

• Language: English
• Publisher: viswaram
• Release date: Jul 29, 2023
• ISBN: 9798223632429

Balachandran Viswaram

I always wanted to become an author after reading my first non academic book in 2007. Not just to make a living out of it, but as a means to express my feelings & emotions to the world. Videos & Animations might steal the show, score over the written universe in the short term. But I still believe authentic & original written content will be preserved for the next 2000 years. When I started writing in 2008 via a weekly newsletter/blog the biggest challenge I faced was to insert related images that went along with the story. These days we get lot of stock pictures for the same - that does not mean the writing has become super easy. In fact people have lesser attention span these days than 15 years ago. These days the financial markets interest me and my writing is specifically into this niche. Mostly with banking, options trading & macro economics. A doctorate in economics is something I am looking to achieve in this decade.

Book preview

Expiry Day FireFighting Strategies on

Nifty50

4 commonly used option strategies on Nifty50 and expiry day firefighting techniques to limit the max losses + 2 bonus strategies!

––––––––

BALACHANDRAN VISWARAM

––––––––

Copyright © 2023 Balachandran Viswaram

All Rights Reserved.

This book has been self-published with all reasonable efforts taken to make the material error-free by the author. No part of this book shall be used, reproduced in any manner whatsoever without written permission from the author, except in the case of brief quotations embodied in critical articles and reviews.

The Author of this book is solely responsible and liable for its content including but not limited to the views, representations, descriptions, statements, information, opinions and references [Content]. The Content of this book shall not constitute or be construed or deemed to reflect the opinion or expression of the Publisher or Editor. Neither the Publisher nor Editor endorse or approve the Content of this book or guarantee the reliability, accuracy or completeness of the Content published herein and do not make any representations or warranties of any kind, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose. The Publisher and Editor shall not be liable whatsoever for any errors, omissions, whether such errors or omissions result from negligence, accident, or any other cause or claims for loss or damages of any kind, including without limitation, indirect or consequential loss or damage arising out of use, inability to use, or about the reliability, accuracy or sufficiency of the information contained in this book. 

Contents

Contents

What to expect from this book

1. Identifying the FIRE

2. Short Iron Condor

3. Short Iron Fly

4. Debit Spread

5. Credit Spread

6. Modified Iron Fly

7. Debit Ratio Spread

7. Fighting Fire with FIRE

8. Everyday of the Week Is an Expiry Day - Impact of 0 DTE Options in India

9. Is Options Trading Gambling?

What to expect from this book

This book is dedicated to all option traders who plan, test & trade on Nifty50, BankNifty or FinNifty indices. We will discuss some safe positional strategies like the iron condor, credit/debit spreads that comes with a defined max profit & max loss.

We will also discuss and evaluate how to handle the max loss via firefighting strategies (mostly intraday) so that on a weekly basis we either

●  Close the positional trades in profit

●  Reduce our losses even below the defined max-loss.

This handbook will be 100% beneficial if you are starting your options trading career. We will bust some myths about stock market trading & present the actual facts so that you have an impartial view of what is happening with the largest derivative exchange in the world.

If you are already trading, most of these strategies outlined might be familiar to you, and you would have deployed them in your trading journey. Have an open mind and try to re-learn these the right way so that you know which strategy to pick based on the market conditions.

Options trading in itself is risky due to 2 major factors

●  Leverage

●  Time limit

Leverage is when you take or commit more