[Theta] Nifty IC Model

Feb 17, 2023

How does this trade work?
This trade combines calls and puts to be profitable if NIFTY does not move.
Warning: Odd Multiples of 50 - 17750,18350 etc might not be liquid, and prices can be wrong. Please check prices before trading

Max profit
1,512
Max loss
5,988

Breakeven -> 17720, 18230

The following trades will be added

B
NIFTY 23 Feb 2023 17600.0 PE
Price13.05
Qty50

S
NIFTY 23 Feb 2023 17750.0 PE
Price30.15
Qty50

S
NIFTY 23 Feb 2023 18200.0 CE
Price19.5
Qty50

B
NIFTY 23 Feb 2023 18350.0 CE
Price6.35
Qty50

Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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