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Iron Condor Entry and Adjustments | Trading System | Detailed Video | Optionables
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- เผยแพร่เมื่อ 12 ก.พ. 2022
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Link to Adjustment Video
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Much appreciated guys..
Just wanted to bring to your notice that at 11:30 min, where you have mentioned profit as 150000, the profit would be 75000
They must've thought the lot to be 100 instead of 50.
@@abhaysr3091 you r correct
Finally someone explained Iron Condor adjustments with statistics and simplicity. Hats off to you sir. We can automate it easily.
is it possible this strategy can be automated ?
Can u please guide , how can we automate this? Do we have any tutorial for same?
@@viswanathanperumal3889 One way to automate is with API. I don't know if it's possible with any ready made software. Using sensibull we can get whatsapp alert when adjustments are to be made (kind of like a semi automation)
Thanks thanks thanks......................
Is video ne mera market ko dekhne ka najariya hi badal dala, bhahut hi simple language me option ko trade karna samjaya hai,
THANKS OPTIONABLES
Simply Superb Explanation, at such a young age you guys are rocking. These videos are worth some lakhs, but you are putting them on the youtube channel for free, which is really amazing. Keep doing good work. Thanks Saketh👏👏👏
Finally someone with exact stuff thats needed in the market. to face the real challenge and its solution. fantastic stuff you guys.
Thanks Optionables for wonderfull strategy...
But I observed an error during 21 Jan to 27 Jan,stock mock showed wrong profit of Rs. 2045 even the spot crosses break even.Please check.
Deployed this strategy for the last three weeks just for experiencing with one lot during these war situation also. The highlight is that there is no stop loss booking and exiting. Also made adjustment in these weeks and booked minor losses.
Hi Sebi, Is it Banknifty? How was your experience and which app do you use.
@@dharmjitsingh Yes bnf iron condor and it's been nice experience . Nowadays probability is less in these high volitile markets all over the world. Low risk is the main advantage and I'm using angelone and sensibull.
@@sebiaugustine7779 any advice for beginners, I am also looking for low risk non directional strategies. Did you try other delta neutral strategies as well.
@@dharmjitsingh If there is no extreme bullish or bearish news in expiry day then enter in an iron condor in nifty for a maximum return of 0.4 to .0.5 percentage and make small adjustments according to the market movements up to your net profit reaches 1 percentage and keep strict stop loss of maximum 1 percentage of your capital both sides.
Finally you are back with the strategy... Loved it and Would definitely deploy it... But it would have been better had you also showed us the ranges for Nifty as well along with the back test data.
Yes sir, need to check it out what would be the best for nifty
@@optionables I am trying this strategy for nifty through opstra. Since I don't have access to option simulator,I am just applying it for next week. Still didn't found good risk to reward.
@@optionables Should be +/250 points for the sell side and +/-400 points for the hedge?
@@SimardeepSingh7 but market is moving 250 points like everyday 😅😅
@@optionables charges ka ky?
Simply super for sharing a strategy for free which would have otherwise cost thousands of rupees.
Excellent learning video. Thank you for sharing your knowledge. Again and again you are proving that good trader should earn from the market and not from others in the name of training, workshop etc., by charging heavily. I can give some names but I don't know whether you like it or not.
Thank you for the support
Very nicely explained. You have been demonstrating in simple terms helping us understand easily
Good content Saketh...and Absolutely worth trying..if we derive the charges side from the excel..96 lots in buy side and 96 lots in sell side..If we consider a brokerage of rs20 per lot, the brokerage would be 192*20 = 3840..The volume would be 5.20 lakhs to 5.50 lakhs, means the charges would be 790 - 850...overall the expenses side would be 4700 to 5000...The required margin is ranging from 45k to 50k for this strategy...yet the yield that works out MOM is more than 2 percent.....Beyond all mathematical things what we really need is a higher conviction to continue a routine..Certainly my tactical mind will not allow to continue if i see a consecutive loss for 4 or 5 weeks...
You need to change the broker. 20 per lot is way too much. Welcome to 20/order at zerodha
Really nice explanation.. Systematic and rule based trading is the only way to earn decent profits.. really good that you explained IC with simple adjustment..
hats off to you...you made this so simple that anybody can understand easily.
Saketh, Nice strategy. What could be the adjustment if the market Gap Up or down below the BUY strike? still, do we need to go for converting the position to IRON FLY?
Amazing bro. Again you proved you are great teacher without keeping any secret and sharing everything what you learned free of cost. you are great. THANKS A LOT. NO WORDS TO EXPRESS. WISHING YOU A GREAT LIFE......
Thank you very much for the support sir
iron condor requires around 40 k margin but when we adjust and make it iron fly will require more margin or 40k margin and 60 k fund needed will be inif. thanks for the video.
Thanks Saketh. Very nicely explained.
Can we expect such video on NIFTY as well?
Thank you Saketh for the simple yet wonderful strategy with back testing..
Make more videos on any other easy strategies and simple adjustments like this.god bless u for ur help sir.amazing video.i will start this strategy.
Great content, guys keep up the good work. I have one doubt since we are shorting ATM +-500 call i.e 30 delta, in delta terms what should be the hedges or in % term the distance from ATM , since in example its 300 points which can vary as index grows or shrinks ?
One of the important point here is we need to keep hedges in a way so that max loss should be near or less than max gain. As I have noticed in long run this 500,300 pair can give us losses. Sometime 400,300 pair is working better.
@@amitkawatra I agree, but if we find out the greeks of the hedges and short legs that will be much better
@@prateekbetwa agree
@@amitkawatra so bro what do you suggest please advice..
Hi Sir,
Few Question I have:-
1:- If my sell part of PE and CE are not at the same difference from the ATM strike price then also we can do the same adjustment or it's mandatory we have the same difference between PE and CE on the Sell side.?
2:- What is the range we have to decide for Nifty and Finnifty for the sell and buy side of PE and CE?
3:- Is IVX going to affect?
4:- We have to look into Greek also?
5:- When we should deploy this strategy for the Monthly Expiry date and time?
6:- Can we do it every Monday or at any date and time of weekly expiry?
Nicely and curated way of teaching
Wow. This is an amazing video. Thanks for the detailed explanation about adjustments, backtesting and its advantages.
You guys rock!!
super stratagy bhayya, asalu capital 80 K kavali anukundam oka lot trade cheyataniki so as per your video 19 weeks lo 80 K tho 18800 income vachindi ante nearly 20 % on ROI, 19 weeks ante 1/3 of the year so one year ki 60% vache chances ekkuva, okkokka year okkokka lot penchukuntu pothe asalu 10 to 15 years lo 80K ni ekkadiko thesukellipovachu.
Great work bro, the way you present is so understandable.
Thanks a ton
Sir, U r great. Without financial interest no one share such secret.
Very nicely explained STRANGLE and STRADDLE Weekly Trade. Keep it Bro.
It will really helpful for beginners and who cannt able to screen actively...
Nice brothers expecting more training videos like this so we can learn more and more.😊
Thank you sir
Thank you so much for simple way of explanation.👌👍
Thank you very much for the detailed and clear lesson.
Excellent presentation and easy to understand. Great video. Thanks a lot.
Great learning... Pl keep posting stretegies required minimum screen time... Thanks a lot 👍
Content is good after backtested I observed that in 21-27 jan we need adjustments and that cause Rs.1805 loss and in 03-09Dec also we need adjustments and the profit is minimised to Rs.150 .
Before adjustment Rs.11903 profit
After adjustment Rs.11842 profit
And also adjustments cost additional brokerages for order execution.
Good System , but the no of trades is very less to come to any conclusion . We need to Backtest for more no of weeks to make any significant conculsion .
Glad to find your channel ..very informative ... The way you explain strategies is amazing, Thanks.
We want more videos like this , you guys are doing amazing job
I have one suggestion , When testing the positional trades or any of adjustments, no one is clear about which timeframe close we need to consider for adjusting the positions . For example do we need to consider 2hrs candle close as breached or 5 min or 1 min . Its easy to navigate back in stimulator but tough on live market to decide when to adjust . So please be clear on which timeframe candle close to be considered for adjusting the positions
He is not talking about candle close....The moment it breaches any of the buy leg, close opposite side of spread and convert into iron fly.
Thank you so much brother, your always showing a right direction. keep it up brother 😀
Sir, After one adjustment i.e. trade become Iron Fly there in no further adjustment till expiry ? Is it correct ?
Yes, no further adjustment, this helps only to reduce the loss percentage
Thank you Saketh for sharing this adjustment. Are you trading this strategy in your account?
Hi saketh, great video, will this work with iron fly aswell? Also, does the margin change when we adjust from the original as we are selling two and buying two option legs. Also, is there a way to calculate adequate price gaps for shorts and hedges? Thanks for the great content guys, great work
Hi. Good Day. Since the Expiry day has changed from Thursday to Wednesday , Does the entry day will change?
thanks for posting such a good strategy by devoting ur valuable time
Hey saketh if iv is low we can't get 1:1 RR AND ALSO IN HIGH IV winning percentage is below 40% correct me I am wrong
Great learning. Just one question.. how n where to know total margin requirements. Thanks
Sir, would you please upload a video with execution of this strategy. I mean how to place orders. Do we use limit orders or market orders in order to receive optimum premiums.
+1, looking for similar info.
Learned something which i didn't know.
Thanks
Thank you very much Saketh. Very interesting strategy. Pls give us the setup of Same Strategy in Nifty. What should be the strangle range and hedges?
First time I could understand adjustment!
Superb you guys doing great to the retails society. Keep going to save retail people. Can we do the same in nifty and what will be the range strike price?
Really commendable effort.. ❤
I tried this from last 2 months all 8 trade hit in profit
ಕನ್ನಡದಲ್ಲಿ ವೀಡಿಯೋಸ್ ಮಾಡಿ ಇದನ್ನ ಪ್ಲೀಸ್ ಕರ್ನಾಟಕದ ಜನಗಳಿಗೆ ತಿಳಿಯಲಿ ನಿಮ್ಮಿಂದ ನಮ್ಮ ಜೀವನದಲ್ಲಿ ಯಶಸ್ಸನ್ನು ಕಾಣಲು ಸಹಕರಿಸಿ 🙏🙏
Dear Optionable team- This testing and adjustment does not work for long run, you have chosen the golden period where actually it worked, but I did the back testing for long period of time till March 22 last expiry , and over all even in 6 months period it gives hardly 1.5 % in nifty and 2 % in Banknifty(per month return). So please be cautious if you guys really taking this trade seriously!! It does not work ,
Exactly i also backtested and it does not work. I also tried with iron fly that is also not working in banknifty.
2 percent return per month is bad. LOL. you must be an overnight option buyer, who would double his money in just one night.
You have to consider the risk as well. Risks are very less here, and the return is more or less consistent.
@@HNImanshu Hi, 2 per. Return is not bad but there are strategies with expectancy > 1.2 and drawdown in last 5 years as
2% monthly is great return
I don't know of any such system with low capital. Maybe with 10-15 entries it's possible. And 60-100% return with 1.2 exp is impossible.
Seems interesting that it works. I have tried this on intraday basis but in dropping vix the hedged legs loose more.
Does any one have experience in dealing this strategy with an overnight gap up/down or on trending days when we do an adjustment late?
Thank you. May God bless you
Thanks Saketh. Adjustments are good. Also any interesting suggesstion to handle 500 point nifty down move and 500 point upmove next day returning back to where it started moving. Once it is converted to iron fly should it be adjusted back to a iron condor with new arange.
Much appreciated guys.. Thanks for this simple strategy as you rightly said for beginners this would be perfect as more than the profit figure beginners need to have control on emotions and for that this high risk free strategy is perfect and you guys have backtested in one of the most volatile market time from December to Feb. 👏👏👏👏. Hope beginners can try this out with proper discipline 👍
Hi can you please back test for nifty. Thanks to you for your selfless service to retailers community. Keep it up. God bless all of us.
Very good explanation. Thanks for sharing.
Just one quick question. If one trades the same strategy in Nifty options, what will be the strikes?
-200 & +300?
Kindly explain. Thanks again.
Hi Did you get the reply. I have the same question.
@@rahulpeethambaran2157 Not yet. Waiting.
Very well explained.
Thankyou so much for this video. Limited risk option selling strategy.
Thanks
Hello...can also please make a video regarding adjustments after making adjusting position to an iron fly?
Wow,u explained very clearly.thanku very much
Can anyone explain about the brokerage charges and tax implications on the trades?
please do a video on adjustment of Calendar spreads
Thanks a million guys. You are really great teachers
Excellent Idea. But instead of 500 and 800 points , it should be stated in percentage, so that in future when the market moves up the points can be adjusted. The back test data is insufficient. Stock mock data available is for 60 weeks. But here only 19 weeks are presented and also recommends adjustments with insufficient information. ( Is it done knowingly or unknowingly?). I have checked from28th Jan 21 expiry and found almost no difference and also we have to take into account extra cost of adjustments. To my surprise, even drawdown was more with adjustments.
what are your results please let me know..
@@dheerajkamble6493 Just now I have seen your comments. I almost lost tract of this. But I find all this adjustments etc are related to each trader's personality. (some like to fight with market and WIN. They get better 'feelings'. For my personality, it is better to do intra day trades and close the day. For my capital, it is possible to do intra day. If you have 1000 crores then intra day trade may not be suitable.
@@lathaselvaraj9677 i have done backtesting on opstra for 10 lacs IC with 20 delta sell and after that 300 points buy hedge i have seen that after 30 % profit it dosents increase and if we dont do adjustments and square off asap it corsses breakeven we are in profit ..
@@dheerajkamble6493 Good. If it suits you. You have improvised in the right way than suggested by Mr. Saket. You have taken sell option with respect Delta (500 points is not the right way, as this has to be changed from time to time). However Saket adjustment method is one of the best I have learnt. I back tested adjustment idea for 6 months (from 1st Oct 2020 expiry to 18th March 2021 weekly expiries total 26 weeks) It gave 40% return on investment after normal brokerage and expenses (annualized, with assumed Capital of Rs75000 per lot pair). I saw a video of some one long back where the past data showed 50% of the time the BN ends within 2.5% on the upside and -1.75% on the down side on weekly expiry to expiry. I used this to sell CE which 2.5 % above spot and PE which is 1.75% lower at 3.25 on expiry days. Hedging will be 200 points beyond)
Hi Saket, any particular reason to choose a distance of 500 and 300? Is this the most optimal position to take?
Saketh what if I wanna try it with nifty.. how many strikes away from spot must in go to sell and hedge. Please guide
Dear Mr. Saketh, thanks a lot for this wonderful method, can we do this with nifty also? kindly reply
nice strategy plz mention the margins required and profit after transaction charges
Awesome video. Can you comment on position sizing will 1 L for 1 lot ? Be sufficient
you are just awesome saket giving away content worth thousands in free.. keep growing & keep donating knowledge.. great day !!
Thank you Saketh.. great strategy and well explained.
I have followed your short straddle strategy for 6 months and earned good profit. Thank you for sharing your knowledge.
Great to hear thanks
can you please post the link..
th-cam.com/video/8i-eCbGznbo/w-d-xo.html
Here is the link.
@@sajij07 thank you so much will watch it..
Excellent Presentation with Stats..
Is anyone using this strategy? Thanks @saketh great explanation
Excellent presentation.
Could not find the monthly version?
Great learning , Thanks for given detailed study. Hatsoff..
You have not considered slippage ie brokerage etc
Excellent Video! What criteria do you look for to tell you to make the adjustment to an Iron Fly? i.e: Is a breach of CCS or PCS side too late?
Very well explained and useful knowledge 👏
Very nice atrategy! Can you tell me reason behind choosing 500 OTM Strikes for short legs?
Very well explained. Thank you so much
Very concise explanation with logical backtest results... A great job Saketh.
very helpful.. thanks a lot for the time to explain !
what we do after markets gap up or gap down like 700 to 1000 points.
book positions?
But Sir , What will the adjustment in case 2% gap up or gap down ?
No words. Simply great
Hi, could you also add in adjustment costs to these trades to get an idea of net P/L? Asking as we need to close two trades and open two for one single adjustment of the Iron condor to iron fly which would eat into the overall projected profits as shown here.
adjustments cost doesn't change much from the original trade. The original trade and the adjustment will both cost you arount 40-50k per lot
Excellent. V. clear and detailed explanation.
How to do Iron Condor in current situation? VIX is above 25. How to pick the strike price? Do we need to follow the same strategy? 500 + 800 far OTM strike pricesm
Thanks for detailed information,can we do same for nifty ,what will be the hedges
I appreciate your effort Saketh...but buddy nowadays we are seeing an average daily movement of 300-400 points in Nifty man forget the Bank Nifty which is in thousands ....such small range will devour the entire capital....
But this backtesting is also of current quarter
Regarding Nifty and bank nifty Iron condor , which expiry is better to trade on? Weekly or Monthly?
@Optionables Do you have any live classes in Bangalore? I would like to learn more from you guys to protect my capital and make max out of it.
Excellent presentation sir.
Thx saketh very well explained. Expecting more strategy videos from you .
🙌🏼🙌🏼
Can you please make a video for iron fly adjustments