Hi Raahi, great PnL and looks a lot in green. Can we connect, I along with my brother have created something but if we can create the same in Python that will be awesome.
For gamma blast prevention I close all my trades at 1dte.
On algo fron I would suggest if you know coding it's a good idea to first automate things that you spend most time on doing manually. It will create a base doing what you already do and porting it to code. Then you can think of more operational heavy tasks which algo can implement.
Bhai me non directional trade excuted krta hu ese stocks ya index ko pick krta hu jo mere analysis ke according ek range bna rha ho toh us condition me itm options short both side . But kbhi market against move krta h up side me or breakeven level agr break ho jata h toh call ko exit kr ek or call short krta 2-3 itm options iss me mujhe results toh shi mill rhe h but ek fear rhta h ki kisi din koi big move aaya toh major capital chla jayega . Please guide me .
Or aap apni position me quantity kis behalf pr select krte . Means primium ke according ya ?
1. Algo 2 Wave Extractor I could not understand the right way. Will it be automated or manually taking counter positions to the algo (delta neutral)?
2.You have given the example for Monday, Tuesday, and Wednesday: 20 points, 15 points, and 10 points respectively. Is it enough with 3x capital to adjust all?”
1. Wave extractor do not make the positions delta neutral. It tries to earn money when market moves up and down.
2. The algo you are talking about is Saviour code, it does make the positions delta neutral if support and resistances are given correctly. You might want to use point 3 as well if the move is fast. But that is rarely needed.
Hi Raahi.. the algo 2, that you have described will be of use for risk management (making the positions delta neutral) primarily. But as it sells CE on uptick and PE on downtick, mostly these positions will be closed in loss. Please correct me if I'm wrong.
2. The value of delta has gone beyond what I want it to be.
In 1st the decay supports, in 2nd the delta is so adverse that event if the market reverses losses from these trades are offset by the gains of existing position.
Ok. Sounds a bit low (compared to what I heard others make). It is common to make 100% return on margin on these strategies, fyi. Though there’s a lot of leverage deployed in these.
2. I don't trade in stocks as they are too volatile to news and specific company. NIFTY is a balanced index so I am able to trade it better. I even find difficulty trading BNF because of it being tied to a specific sector which can sometimes cause wild movements. Depending on beta the premiums differ, seeing my trading style I believe I should be able to trade better with beta between 0.8 and 1.1 (But still specific stock is vulnerable to performance and news of 1 scrip)
3. No, I only trade in NIFTY. The premium will go down if the beta is less.
4. Covered calls I do with stocks which I already have in portfolio. I don't use futures and then short calls.
5. Yes, and sometimes do change parameters of the algo depending on the market movement.
Sir, today only saw your live pnl in sensibull and got here to your substack account, I wanted to ask one thing.
can I know, how long you have been trading, how did you managed the day 7th april 2025, there was a huge gap down, and do you pay for the kite API or just the free one does the work.
one more thing, sir do you keep sitting in front of the screen, or only 5-6 times you see the market in a day, and are working also or you do trading full time. Just curious to know if this thing is possible with having a 9 to 5 job.
Hi Raahi, great PnL and looks a lot in green. Can we connect, I along with my brother have created something but if we can create the same in Python that will be awesome.
Can you ping me on X please.
Hello Sir,
My question is - As you said for every 20 points nifty rise sell a PE 200 Points away. So, in which time frame you follow for adjustments?
Thanks.
1. How do you initiate a trade? What are the pointers and strategies you use which is best for close at 1DTE.
(For e.g, at high VIX, taking a iron fly strategy, what are the indicators and right time to execute)
2. Regarding algo, Coding basics ok. Would like to explore the tools and testing procedures. If you know any video / tutorial link, please share.
Can i connect with you via dm ?
1. It is based on strangle or ratio spreads. I made big losses on 0dte and decided to not trade it to be profitable.
2. No, I don't. Please tell them to me as well if you find any.
You can ping me on X. This is my profile https://x.com/raahi_bhushan
Ok thank you.
Hi Raahi,
Nice to read your articles here.
I am learning options selling with sensibull. Only doing positional, but with job its getting hard to manage the current MTM swing / Gamma blast!
Can you advice How to start with algo trade ? (Or stay with positional with sensibull)
For gamma blast prevention I close all my trades at 1dte.
On algo fron I would suggest if you know coding it's a good idea to first automate things that you spend most time on doing manually. It will create a base doing what you already do and porting it to code. Then you can think of more operational heavy tasks which algo can implement.
Bhai ek barr adjustment pr ek proper video bna skte ho proper clear nhi ho rha h ?
Bhai dala to hai post me...jo nahi samajh aa raha hai wo poocho naa.
Hello
Bhai me non directional trade excuted krta hu ese stocks ya index ko pick krta hu jo mere analysis ke according ek range bna rha ho toh us condition me itm options short both side . But kbhi market against move krta h up side me or breakeven level agr break ho jata h toh call ko exit kr ek or call short krta 2-3 itm options iss me mujhe results toh shi mill rhe h but ek fear rhta h ki kisi din koi big move aaya toh major capital chla jayega . Please guide me .
Or aap apni position me quantity kis behalf pr select krte . Means primium ke according ya ?
Position sizing is based on the margin so that I can adjust incase there is any big move.
Hi,
1. Algo 2 Wave Extractor I could not understand the right way. Will it be automated or manually taking counter positions to the algo (delta neutral)?
2.You have given the example for Monday, Tuesday, and Wednesday: 20 points, 15 points, and 10 points respectively. Is it enough with 3x capital to adjust all?”
1. Wave extractor do not make the positions delta neutral. It tries to earn money when market moves up and down.
2. The algo you are talking about is Saviour code, it does make the positions delta neutral if support and resistances are given correctly. You might want to use point 3 as well if the move is fast. But that is rarely needed.
Hi Raahi.. the algo 2, that you have described will be of use for risk management (making the positions delta neutral) primarily. But as it sells CE on uptick and PE on downtick, mostly these positions will be closed in loss. Please correct me if I'm wrong.
Yes, you are correct. Its not a delta neutral doing strategy.
It is a strategy which makes money when market moves up and down.
I have lossed 2lacs money in option buying, can you suggest me some idea & strategy to recover my loss as well as profit
Learn first, then find your edge. Them trade accordingly. There is no shortcut to recover lost capital.
How do you manage if you position got inverted as per Algo 1. As you are keep on seeling PE as market goes against you.
Didn't exactly get what you are trying to ask.
Algo 1 runs only in 2 conditions
1. 3-4 days before
2. The value of delta has gone beyond what I want it to be.
In 1st the decay supports, in 2nd the delta is so adverse that event if the market reverses losses from these trades are offset by the gains of existing position.
I
appreciate your work and way of explaining. I observed that you took OTM for 50 InR what is your stop loss and target for it
Target is when it goes below 10 or 1 day before the expiry.
The stop loss is not there as such, I end up adjusting positions.
what's your annual return on margin deployed (or margin used)?
On margin used it would be 40-50%. For total margin it would be 20-25%
At most times I use less than 50% of the margin in the account.
Ok. Sounds a bit low (compared to what I heard others make). It is common to make 100% return on margin on these strategies, fyi. Though there’s a lot of leverage deployed in these.
1. Firstly , congratulation for your extremely good PNL with that accuracy is just excellent.
2. So main aim is to make Profit from Theta Decay , I want to ask have you do the same thing in the stocks depending on stocks Beta.
3. Those stocks which are having Beta less than 1 , you use these strategy to them also ?
4. What about Covered call ( using Fut with options ) ?
5. May i know you monitor all algos execution by manually ?
Just curious to know some answers
1. Thanks
2. I don't trade in stocks as they are too volatile to news and specific company. NIFTY is a balanced index so I am able to trade it better. I even find difficulty trading BNF because of it being tied to a specific sector which can sometimes cause wild movements. Depending on beta the premiums differ, seeing my trading style I believe I should be able to trade better with beta between 0.8 and 1.1 (But still specific stock is vulnerable to performance and news of 1 scrip)
3. No, I only trade in NIFTY. The premium will go down if the beta is less.
4. Covered calls I do with stocks which I already have in portfolio. I don't use futures and then short calls.
5. Yes, and sometimes do change parameters of the algo depending on the market movement.
Nice 👍
in which algo platform you execute your trades. kindly share.please
I have written my own code in python which directly connects with kite api to read and execute orders.
Do you deploy your python codes in cloud like AWS ??
No, currently I run it locally on my laptop.
Thank you for the reply. Is it not a good idea to deploy in cloud to have more reliability of the setup
I haent felt the need
Sir, today only saw your live pnl in sensibull and got here to your substack account, I wanted to ask one thing.
can I know, how long you have been trading, how did you managed the day 7th april 2025, there was a huge gap down, and do you pay for the kite API or just the free one does the work.
one more thing, sir do you keep sitting in front of the screen, or only 5-6 times you see the market in a day, and are working also or you do trading full time. Just curious to know if this thing is possible with having a 9 to 5 job.