Looking at indices and stocks via straddles and strangles

Introduction

Understanding market action through straddles and strangles, and their price action.  Strangles and Straddles are the widely used neutral options strategies to profit from time value, implied volatility and the directional non-movement of the underlying stock. Many traders in India actively do these strategies but not much material available. While call options are usually associated with bullish bets, and put options are associated with bearish positions, long straddles and strangles are hybrid strategies that allow traders to bet on a big move in either direction. A different 'non-Greek' way of looking at Options.

Objective

  • One of the biggest problems traders face is getting stuck in a position, only to see it go against him/her.
  • The trend might be still intact, but the trader has to face a -ve MTM, and that is solely due to wrong timing of the entry.
  • The understanding price action of straddles and strangles can help in understanding if there is momentum in the market, or if it is going sideways.   

What You Will Learn

  • Attendees will be able to identify trending phases and sideways phases of the market, which help in the partial or full booking of a position.
  •  Many times identifying reversals also; this can be used for those who trade in futures as well as those who trade in options.
  • A sideways phase also pays well in going short in the same straddles or strangles   

Speaker

Abhijit Phatak (SEBI certified Research Analyst)

Experience of more than 15 years; Mr Phatak is well known for his unique technique of using charts on option premiums. He terms some of these snakes and is very interesting ones to learn for directional traders. He also uses techniques to decode expiry via. option premium combination charts.
Abhijit Phatak is a SEBI certified Research Analyst and has been studying and trading on the basis of charts since 2003-2004.
 
He has developed a unique method of identifying what the market is up to on the basis of charts of Options, and also straddles, OI of options and Put-Call ratio at various strike prices. He has observed on many occasions how options charts have a different story to tell, sometimes exactly opposite to what the chart of the underlying is showing.

The momentum of a trend in the indices can also be identified on the basis of charts of a bunch of straddles. Almost all the techniques have been developed on his own by observing them over the years and many of the techniques that he uses are not found in any textbook of technical analysis.
 
He conducts sessions on his observations that have been well received by participants currently at Definedge Solutions

StockEdge Club Offering

This Webinar is one of the StockEdge Club Offerings. StockEdge Club members can book this webinar for FREE from StockEdge Club panel. To know about the StockEdgeClub Offering click on www.stockedge.com/Plans/stockedgeclub or call +91 9830994463

How to Participate?

  • Step 1 : Click on 'Register & reserve your spot today!' button and book your seat for the webinar.

  • Step 2 : You will receive an email containing a link to join the webinar.

  • Step 3 : Click on the same link to join 15 minutes before the start of the webinar.

  • Step 4 : Check system requirements and do necessary configuration of your headphone/speaker and system volume.

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Upcoming Webinars

Abhishek Kar .

29 June   15:00   2 hours   500/- +18% GST

Rishikesh Singh Trainer, Investor, Trader, Co-Founder Equity4Life

02 July   16:30   2 hours   0/-

Harish Kumar .

06 July   15:00   2 Hours   500/- +18% GST

Alok Jain Investor, Adviser & founder of a Momentum Investing

13 July   15:00   2 hours   0/-

Nooresh Merani Technical Analyst, Blogger, Educator

27 July   15:00   2 hours   500/- +18% GST